HOW DOES FREE SOUND TO YOU?
If you are a first home buyer, take advantage of our free initial consultation offer!
Buying a home for the first time can be intimidating to say the least. You should always seek legal advice prior to entering into any Contract. Give our friendly team a call to arrange your free initial consultation with one of our property conveyancing solicitors today. We’ll walk you through the process and ensure you have all the information you need.
COMMON LEGAL PITFALLS
Unfortunately, many home buyers encounter common property purchase pitfalls. The main thing that we’ve seen happen is that the sense of urgency is overwhelming for a purchaser, and fear is invoked in them that they will lose the property if they do not sign immediately.
This can lead to legal complications such as a lack of available funds, the valuation conducted by the bank not meeting the contract price, or adverse conditions and terms in the contract that can’t be negotiated.
An experienced conveyancer can alleviate these issues, particularly for first home buyers.
INSPECTION & TITLE PROBLEMS
We’ve seen a lot of problems in our years dealing with these types of transactions.
Simple errors in Contracts or rushed first inspections can leave buyers with serious hurdles to overcome, rather than simply experiencing the joy of buying their first home.
One way of avoiding legal speed bumps is by engaging qualified help from a solicitor early in the process. A buyer should consult an experienced solicitor before they sign a contract or before they start negotiating the purchase of a property, just to make sure they’ve got everything in line.
This single step will often reduce the problems that may eventuate down the line, and lead to a more positive outcome of the transaction.
ARE THERE CONVEYANCING COSTS FOR FIRST TIME BUYERS?
Yes, you still pay costs for the conveyancing. However, in Queensland there is no prescribed or set fee for engaging a property conveyancing solicitor, as not all property transactions are the same. It is always important to use a solicitor and it is a good idea to obtain a number of quotes or a service recommendation. Make sure you are comparing apples to apples!
Remember well… when engaging in legal property services, the lowest price is not always the best service.