 |
Step 9 - Legal Legwork. |
|---|
Once you've found the property and you have the contract, it's important that you check it carefully to ensure that everything about the property is understood and that there will be no legal surprises after you have purchased it. Signing a contract without a lawyer looking at it first is madness. If you want to make any changes to the contract, now is the time to do it.
Conveyancing
You also need to arrange conveyancing, which is the transfer of property title from one person to another. Most people employ a solicitor or conveyancing expert. The services of a conveyancing specialists cost up to $1,500.Many practitioners, however, offer conveyancing services for as little as $600. Conveyancing fees cover all the costs of the transfer of property, except for stamp duty, and most conveyancing firms will give you a free quote.
