Why You Need A Conveyancer When Selling Property
Selling your home can be a nerve-wracking experience. It is especially so if you have not sold a property in the past or do not have any legal knowledge. A conveyancer will ensure that you have an easy time selling your home. Below is an excerpt explaining the benefits of hiring a conveyancer to help you sell your property.
Organising Property Documents
Today, most buyers are concerned that they may suffer legal liabilities or losses as they purchase a property. Therefore, they will ask for a wide range of documents before agreeing to purchase the property. Other than the property title, the buyer could ask for an occupation certificate to prove that the builder followed the building code. Besides, they could ask for a copy of the strata bylaws and the current zoning regulations. In some cases, buyers could ask for a building survey report. Your conveyancer will help you secure these documents. They are a sure way to gain the buyer's trust.
Appraising The Property
Your conveyancer will appraise the property to determine a suitable asking price. You risk making a loss if your asking price is below the property's current value. On the other hand, if your asking price is too high, customers could lose interest in the property.
Most buyers will negotiate the asking price before purchasing the property. Your conveyancer will respond to the buyer's bid. He or she will justify the asking price and convince buyers that they are getting value for their money. The conveyancer will also set selling conditions. For example, they could ask interested buyers to present a bank letter to prove that they have adequate financing.
Drafting The Contract Of Sale
In most cases, the seller's conveyancer is charged with drafting the contract of sale. Your conveyancer must ensure that the contract protects your interests. For instance:
- The conveyancer should ensure that the closing date is as soon as possible. It ensures you have adequate time to look for another buyer if the current one fails to purchase the property.
- To keep the buyer on their toes, the conveyancer could set a high down payment or severe penalties should the buyer terminate the purchasing contract.
- The conveyancer will sell the property on an as-is basis. Simply put, you do not have to conduct any repairs before the buyer moves in.
- The conveyancer should ensure that the contract gives you adequate time to vacate the property.
When selling your property, a conveyancer will help you organise property documents, appraise the property, handle negotiations and draft the contract of sale. Contact a conveyancing service to learn more.