Conveyancing
Buying or Selling Land or Property is an imporant and significant transfer of title which requires skills and understanding of Property Law. Many people do not take this seriously enough and do not engage the right legal represntative to deal with the transfer. This is a common mistake people quickly learn can be a costly one. If your representhttp://www.antwanlawyers.com.au/admin/spaw2/plugins/core/lib/theme/spaw2lite/img/tb_html.gifative does not understand the relevant property law, you can quickly find yourself in a situation that could have been avoided with the right advice and representation.
In the typical home purchase, the seller enters into a brokerage contract with a real estate agent, usually in writing. When the broker finds a potential buyer, negotiations are conducted through the broker, who most often acts as an intermediary. Once an informal agreement is reached, buyer and seller enter into a formal written contract for the sale, the purchase agreement. The buyer then obtains a commitment for financing. Title is searched to satisfy the lender and the buyer. Finally, the property is transferred from the seller to the buyer, and the seller receives the purchase price bargained for in the contract. This seems simple, but without a lawyer, the consequences may be more disastrous than purchasing a car that turns out to be a lemon, or a stock investment that was unwise.
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A lawyer can help you avoid some common problems with a home purchase or sale. For example, a seller may sign a brokerage agreement that does not deal with a number of legal problems. This happens quite often; realtors often use standard forms, expecting that they will cover all circumstances or will be easily customizable for unusual circumstances.
The Contract for Sale of Land is the single most important document in the transaction. Although standard printed forms are useful, Antwan Lawyers are helpful in explaining the form and making changes and additions to reflect the buyer's and the seller's desires. There are many issues that may need to be addressed in the purchase agreement; below are some common examples:
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If the property has been altered or there has been an addition to the property, was it done lawfully?
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If the buyer has plans to change the property, may what is planned for the property be done lawfully?
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What happens if a buyer has an engineer or architect inspect the property and termites, asbestos, radon, or lead-based paint is found?
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What if the property is found to contain hazardous waste?
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What are the legal consequences if the closing does not take place, and what happens to the deposit?
Most buyers finance a substantial portion of the purchase price for a home with a mortgage loan from a lending institution. The contract should contain a carefully worded provision that it is subject to the buyer's obtaining a commitment for financing.
After the Contract is signed, it is necessary to establish the state of the seller's title to the property to the buyer's - and the finance institution's - satisfaction. Generally, this is a complicated process and must be treated with the utmost care.
At Antwan Lawyers, we will take care in every step of the process, explaining every step along the way and most importantly, being available to answer all your questions.
At Antwan Lawyers, we can effect the transfer of real property from the seller to the purchaser. regardless of whether you are buying or selling property, we can assist you and ensure that it takes place smoothly and effectively.
To assist in our transperancy, we have allocated a fixed costs involved in the process, which is outlined below. We take pride is offering you our expert legal advice, and being able to assist you in every step of the matter. There are no hidden fees.
Click to view our services relating to Conveyancing:
Conveyancing First Time Home Buyers
Stamp Duty Calculator Home Loan Calculator
Please do not hesitate to "Call Us" for immediate professional advice
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