Top 9 Questions to Ask Your Conveyancer
30th May, 2024
When buying or selling a property, it is crucial to know the right questions to ask your conveyancer to ensure you feel empowered and informed during your property transaction. A conveyancer ensures that all legal requirements are met and facilitates a smooth transaction. Below are some questions to consider:
- How much does your service cost?
Understanding the cost upfront is essential. Ask for a detailed quote that includes professional fees, search fees, administrative expenses, and any additional costs like stamp duty charges. This helps you budget and avoid any unexpected expenses.
- How long will the conveyancing process take?
The duration of the conveyancing process can vary based on the specifics of the transaction. Typically, it takes around six weeks after the exchange of contracts, but this can be adjusted if both parties agree. Knowing the timeline helps you plan your move or sale accordingly.
- Can I modify the contract terms?
Yes, you can request modifications to the contract terms. When buying, you can ask the vendor to agree to changes. When selling, you can adjust the contract to fit your terms and conditions.
- What properties do you specialise in?
Conveyancers may have experience in specific property types or client needs. Some may specialise in first-home buyers, while others might focus on investment properties. Ensuring your conveyancer has experience relevant to your property type can provide peace of mind.
- How do I apply for stamp duty exemption as a first homeowner?
First home buyers may be eligible for stamp duty exemptions or grants. Your conveyancer can provide guidance and the necessary documentation to apply for these benefits.
- When do I have to move out if I am selling?
Typically, the contract stipulates that the purchaser will receive vacant possession upon payment. It’s advisable to plan your move for the morning of the settlement day to ensure a smooth transition.
- Can I move in before settlement?
Early possession can be arranged if the property is vacant. This involves agreeing on a rental amount that can be adjusted at settlement. Ensure you have appropriate insurance from the time of occupation.
- What if I’m buying a property that’s tenanted?
The vendor’s contract will include a Residential Tenancy Agreement with details about the tenancy including the Rental Agent, terms, conditions and rental income.
If you are ready to start your conveyancing journey today, call us today on (02) 66870548. Bangalow Conveyancing is here to answer these questions and more.
