Are you new to conveyancing in Melbourne? Not quite sure what it’s all about? This article will give a clear definition and then go on to explain why it’s crucial to hire a lawyer to represent you as you go through the conveyancing process, answering somecommon questions along the way.
What is Conveyancing?
Conveyancing is the transfer of legal ownership of property from one individual to another. It sounds simple but in reality, there are numerous complex situations that can arise during conveyancing in Melbourne, which is why it’s best practice to find a conveyancing lawyer to help you through the process.
Who Can Do Conveyancing Work?
There are three answers to this – you can get a lawyer to do it, you can hire a licenced conveyancer, or you can DIY it with a conveyancing kit. The best option is to get a lawyer to do it, as they can also deal with legal proceedings and documents relating toconveyancing. The conveyancing process can have legal ramifications that you may not be aware of if you opt for a kit or hire a licenced conveyancer, while a lawyer will be able to warn you of these.
Why Use a Lawyer for Conveyancing in Melbourne?
Lawyers have a greater amount of knowledge about all areas of law, including property law. They also have a duty of care to advise you about anything that might impact on your legal standing. They really are the best professionals to trust for conveyancing in Melbourne, as their job is to give you good advice based on the situations that unfold as you attempt to buy or sell a property. There are many other players in the field while a property is being sold – including real estate agents and mortgage brokers, to name but two – who can give you all kinds of feedback, but remember that the only one with the knowledge to look out for your interests is your conveyancing lawyer. They can also help you with all the other pre-conveyancing legal stuff that must occur for a sale or purchase to happen. This means you really are getting a much more holistic service when you hire a lawyer to help you with conveyancing in Melbourne.
What is the Real Estate Agent’s Role?
An agent usually means that a person is representing someone else, doing things on behalf of them. Yet this isn’tcompletely the case when it comes to real estate agents. This is because both the seller and purchasers are represented by their respective lawyers. What a real estate agent actually does is to lead possible buyers to their client’s real estate, with their compensation being in the form of a fee. Many real estate agents may try to muscle their way into having greater influence on the buying transaction than they need to. Don’t overestimate the amount of power a real estate agent can have, and don’t be afraid to politely ask them to let your conveyancing lawyer handle things.