Conveyancing is the process of transferring the title of a property from one person to another between the time a decision is made to sell a property through to registration of the change of ownership with the Titles Office.
For most people, buying or selling a house will be one of the most significant financial decisions they make during their lifetime. Our job is to make sure that decision doesn't become a nightmare. Some people will try to do their own conveyancing or use cut price conveyancing services but in the end you get what you pay for.
What can go wrong?
With the average price of homes in Queensland approaching $500,000.00 conveyancing contracts shouldn't be treated lightly. There are many problems which can arise with property contracts. For example if things go wrong for you as a buyer you could:
- lose your deposit;
- be forced to buy the property even if the property turns out to be different to what you thought it was;
- be liable for any loss the seller incurs as a result of your failure to purchase the property;
- be liable for any damage to the property before settlement;
- have the seller refuse to sell the property to you;
- be liable for seller's unpaid rates, water and taxes on the property;
- find out an easement exists on the property after you purchased it; or
- find out the boundaries aren't actually where you thought they were.
Sellers also face risks:
- Will you still be liable for agent's commission even if the sale isn't completed?
- What will happen if the property is damaged prior to settlement?
- What happens if, for some reason, you and/or your bank aren't ready to settle on the due date?
- What will happen if you lose a buyer who was willing to pay top price for the property?
Don't fool yourself that problems don't occur. They happen everyday and state-wide are the source of more complaints and law claims than just about any other type of matter.
How we do it
Everything we do at Ellison Moschella & Co is committed to protecting and helping our family of clients.
We only have qualified solicitors acting on matters so you can rest assured the person handling your sale or purchase has the skills and maturity to understand the theory behind the process you are embarking on and isn't simply ticking boxes as fast as they can in accordance with some automated process.
Other firms may say they have solicitors who deal with problems once they occur however some mistakes in conveyancing simply can't be fixed. With our approach problems are prevented before they occur. Referring your matter to a solicitor after a problem has occurred is like calling the fire brigade after the house has burnt down. In our view this sort of thinking is back to front. Prevention is better than cure.
If you want to be protected and experience less stress for your conveyancing matter then contact us now to secure our services.