Why do we need solicitors while buying any property?

It is extremely exciting in every person's life. Whether it is your first, or your fifth, buying a house is extremely exciting. It is your new home, your new place to let your hair down and spend your time in. However, getting there isn't as easy as A, B, C. There is plenty of groundwork and legal documents that have to be completed in due time and accurately to ensure the sale is completed properly and legally.

Transferring ownership of a property is a lengthy and technical process. Firstly, you have to review the current mortgage over the property, look over the property title etc. Not only this, any illegal building structures or council mishaps will now be transferred to the new owner. Having solicitors on The Gold Coast employed on your behalf will allow for them to sit down with the seller’s solicitor to review all of the important documentation and allow for a compliant and smooth sale

Now, most of us are not conditioned to the current property laws. Even if we are, there can be many "hidden" clauses, terms and conditions within property contracts. When purchasing a property, it is very common for the buyer to become emotional and become too emotionally invested in the purchasing process. The buyer believes they can do it all, just to save some money. Hiring solicitors on Gold Coast eliminates all of the emotion, it is their job and their responsibility to serve you, and complete the transfer legally and properly.

In terms of wanting to do it yourself, you need to think: what happens if I make a mistake? If a regular person makes a mistake, they simply have to deal with it. They have to deal with the repercussions and incur whatever costs may be involved. It is important to employ a solicitor to complete the property transfer, as they are covered and protected by professional indemnity insurance. This cover allows for the buyer to be covered for any financial losses that the solicitor may miss or mistake during the sale process. This can be due to neighbourhood issues such as developments, easements or council road works.

Buying and selling a house is stressful enough. You have to organise the removal and transfer of furniture, learn a new neighbourhood, change the address on all of the relevant sites and registries etc. The last thing you want to be thinking about is a large pile of legal paperwork that has to be completed. Employing a solicitor to do this is a massive time-saver, and will undoubtedly save you a lot of stress as well.

We all have seen it lately, whether it be Sydney, Melbourne or the Gold Coast, property prices are soaring higher than ever, meaning that there is more money involved in every transaction.

When buying or selling a house on the Gold Coast, contact the experts at QC Law as your preferred conveyancing on Gold Coast to take care of the whole process for you.

We are committed to the pursuit of social justice. Our practice areas include Business Law, Property and Development, Conveyancing, Criminal Law including traffic matters and wills and estate administration.