Are you selling property and looking for Sunshine Coast conveyancing?
Residential Sunshine Coast conveyancing relates specifically to the buying and selling of residential property.
Private residences, such as units, town houses and houses, are classified as residential property.
Residential conveyancing concerns the transfer of property from buyer to seller, but does not cover other aspects of law such as planning, environment and landlord dispute law.
Residential conveyancing oversees:
- The agreement of and transfer of contracts: Draft contracts are drawn up at the beginning of the transfer process. During this time, your Sunshine Coast conveyancing solicitor will ensure that both parties are happy with the contractual agreement. Often the contract will be revised several times before the terms are finalised. Contracts will not usually be exchanged until much later in the conveyancing process. Once contracts are exchanged, this will finalise the completion date of the sale.
- The transfer of funds: Enquiries regarding mortgages and funds will be made early on in the process. Your Sunshine Coast conveyancing lawyer will work closely with your bank regarding the release and transfer of your mortgage. They will also liaise closely with you in the case of a cash sale. Should monetary funds not be available then the sale or purchase will halt, and your conveyancing lawyer will confirm funds and amounts.
- Items of interest: Enquiries regarding planning restrictions, parking, boundaries and subletting are some of the items of interest regarding the property that you are purchasing. Your Sunshine Coast conveyancing solicitor will investigate any queries you may have and will conduct searches and view papers detailing fixtures, fittings and other things which may be included in the purchase of the property.
- Transfer duty: Transfer Duty is a tax that applies to the purchase of all property, but it also applies to shares. Stamp duty will have to be paid; this will be ensured by your conveyancing solicitor.
Selling Property – Sunshine Coast Conveyancing
Conveyancing is a complicated process, and has the potential to be slow or prone to error. You would be well-advised to instruct a good, local, Sunshine Coast conveyancing solicitor to take care of the process for you. Attempting to complete the process yourself can become extremely difficult should issues arise.
The stage at which you should contact a Sunshine Coast conveyancing solicitor differs between buying and selling. When selling your home, it is advisable to seek immediate legal help to ensure that the process is as streamlined as possible. If you are buying a house, you will only need to instruct a solicitor once you have decided upon the property you wish to purchase. In both cases, your Sunshine Coast conveyancing solicitor will not only deal with contracts, money exchange and financial checks but will also give you advice, should you require it.
When selecting a Sunshine Coast solicitor you can either;
- Choose a Sunshine Coast conveyancer who specialises in property law. They will be unable to aid you should any legal difficulties beyond the reach of property law, but issues outside of their reach are unlikely to arise in the sale or purchase of a house.
- Employ a Sunshine Coast conveyancing solicitor. Unlike a conveyancer, solicitors have knowledge that extends beyond property law. Because of this, though, they will be slightly more expensive to hire.
You do have the option of doing to conveyancing yourself, but should something go wrong you are personally liable. Due to a lack of experience of such processes, you are also likely to overlook issues that would be immediately obvious to the seasoned eye. It may also potentially make your buyer or seller nervous should they feel that you do not have full knowledge of what you are doing.
Should issues arise during the conveyancing process, you can take complaints directly to your solicitor. In the case that you wish to complain further, higher regulatory bodies such as the QLS are available for you. Yet should you do the conveyancing yourself, you will be the one held responsible for those issues.
Make sure you only use a local Sunshine Coast Conveyancing Lawyer. Conveyancing is a competitive field and you have access to a wide range of quotes. Keep in mind that the cheapest option may not be the best option. Take the time to talk to the solicitors you are considering instructing: it is vital that you can converse easily with your solicitor. You will want to be updated regularly as you will have a lot of financial and emotional investment in the transaction that is taking place. You want to feel comfortable with the solicitor you have hired, and confident that they will keep your best interests at heart.
Other Services Offered by Sunshine Coast Conveyancing Lawyers
- Buying a property on the Sunshine Coast
- Buying Commercial Property on the Sunshine Coast
- Sunshine Coast Conveyancing Calculator