The process of buying or selling residential property is often one of the largest transactions most people will ever make in their lives. Add to that the desire of wanting to secure your dream property or trying to sell at the right time, and property transactions can demand a heavy emotional toll on the parties involved.
Selecting the conveyancer can make the transition of property far less stressful, and, critically, it ensures that you’ll have peace of mind for all your conveyancing matters. Whether you’re a first home buyer, a seasoned property mogul, or an investor purchasing commercial property, the conveyancing process is fraught with potential pitfalls. A conveyancing or property solicitor will streamline your property transaction for you and work to protect your interests at all times.
What a Conveyancing Lawyer Does
Conveyancing lawyers assist you in processing property transactions, whether you’re buying or selling. They will review your property contracts, explain your rights to you, negotiate any contract changes on your behalf, and ensure that all the relevant documentation is in order.
Conveyancing or Property Solicitors are there to guide you, informing buyers – especially first home owners – about their rights throughout the transaction process. Conveyancing or Property Solicitors provide contract advice and guide buyers and sellers through property settlement seamlessly so they can make informed decisions.
And, aside from ensuring you have all the relevant documents and protecting your rights, your solicitor will expedite a property transaction so you can provide any relevant information on time and conclude the paperwork quickly.
The Importance of Having a Conveyancer
Having a conveyancing or property solicitor is crucial, because your solicitor knows precisely what to look for when performing all the relevant checks on a property. They can also pick up on any less-than-ideal clauses or conditions within a contract. Many property contracts are created from a standard template, and may not work to cover your rights, particularly if you’re a buyer and you’re reviewing a contract from a seller. Real estate agents can be helpful, but, at the end of the day, their goal is to process property transactions as quickly as possible without deference to you.
Your solicitor will work for you to ensure that the property contract terms are fair. This might include significant details, such as the duration of the settlement period, any restrictions on the use of the property, and any special conditions.
There are several things that can go wrong when buying or selling property. If contracts aren’t created or reviewed thoroughly or you miss performing certain pre-property checks, then the contract could leave you exposed to claims from the other party. If there are any delays in the property transaction due to the other party you may also not be covered.
Aside from ensuring your documentation is airtight, an accomplished property lawyer will also inform you of your rights throughout the conveyancing process. They will guide you through the property sale from beginning to end, explaining the paperwork, reminding you of deadlines, and assisting you to meet them on time.
Conveyancing for Commercial Property
Buying and selling commercial real estate is often much more complex than residential real estate. The conveyancing process, therefore, requires extensive due diligence by the conveyancing lawyer. They are required to thoroughly research the property, investigating things like the permitted uses of the land, land tax implications, and the fine details of commercial leases. These checks ensure that any risks can be mitigated and the interested party can be protected. This lengthy process requires meticulous attention to detail and a high level of experience.
For corporate clients, excellent legal skills need to be supported by the ability to understand each deal and its commercial impact, particularly if the property already has a tenant. That takes experience along with a commitment to provide fast, user-friendly and concise advice.
At Maguire & McInerney, we play a pivotal role in every aspect of your property transactions, including residential conveyancing, commercial structuring, acquisitions, disposals, leasing and licensing of industrial, commercial and retail properties and utilities.
Find Accomplished Conveyancing Lawyers in Wollongong
It’s crucial to select a conveyancing lawyer with a comprehensive understanding of property law. Whether you’re buying or selling, Maguire & McInerney can advise you on all aspects of a property transaction, no matter how small or large.
Our solicitors and licensed conveyancers can provide invaluable advice even before you are ready to buy or sell. We have the knowledge and experience to identify any potential opportunities or roadblocks before they happen, leaving you informed and prepared to face the conveyancing process with confidence.
When it comes to property transactions, we understand the need to move quickly. Our conveyancers are highly accessible and focus on getting it right the first time.
If you need advice on a property transaction and require conveyancing, or wish to learn more about our conveyancing services, get in touch with our expert conveyancing solicitor, Brendan Pearce. We operate in Wollongong and the wider Illawarra as well as Greater Sydney.