4 Questions To Ask Your Conveyancer
Conveyancers represent your interests and negotiate prices as you purchase or sell a property. Interviewing your conveyancer helps you comprehend the property exchange process. Moreover, you will easily decide whether the property is the right fit. The piece below details some questions to ask your conveyancer.
1. What are the Local Land Ordinances?
Most people do not understand the impact of zoning and strata regulations until they purchase the property. Typically, these laws determine how you can use or develop your property. For instance, you could be prohibited from changing the roof or using particular fences. Strata regulations could restrict noise at night or loud plant equipment. Therefore, ensure that your conveyancer discloses these laws to ensure you are well aware of how you can use the property.
2. Does the Property have ongoing Legal Issues?
Most people presume legal issues revolve around property ownership. For instance, the property could be under dispute. However, legal issues could also revolve around the property registration status. For example, the title document's details could differ from the details in the land office. Moreover, the property might not have essential documents such as occupation permits and renovation licences. While these might not seem important to most people, they are a guarantee that construction and renovation work complies with the building code. Suppose the owner flouted the code; you could incur renovation costs and fines from the local council.
3. What is the Property's Structural Condition?
Your conveyancer should interpret the findings of the property inspection report. For instance, it could be that the property is exposed to subsidence or foundation shifting. If this is the case, it needs underpinning before you can move in. In other cases, the pillars are under intense loads, which exposes them to warps and cracks. In this situation, the property might need additional pillars to reduce these loads.
4. What are the Seller's Terms?
A benefit of hiring a conveyancer is that the seller cannot use the contract of sale to gain the upper hand during the sale. The conveyancer explains the conditions of the sale before you pay the down payment or sign the sale agreement. For instance, if you had agreed that the seller should repair the property, the contract should capture this detail. Moreover, the contract should include every item sold alongside the property. It could be the AC unit, gazebo, awning, or water tank. If these items are not mentioned in the contract, the seller could move with them.
When interviewing your conveyancer, inquire about land ordinances, legal issues, the property's structural condition, and the seller's terms. Contact a conveyancing service near you to learn more.
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