We recommend that you work with a solicitor or conveyancer right from the beginning of the house hunting process. In fact, once you have a loan pre-approval you should talk to a solicitor before you go house hunting, just so you know what to expect. This provides you with the opportunity to obtain quotes on approximate costs and to establish a professional working relationship so that legal representation is available quickly once you find a home or if you encounter any unexpected problems.

It is important to see your solicitor before signing any legal documents, in particular the contract of sale. This is to ensure that your best interests are protected. The real estate agent is a professional negotiator that represents the vendor. Although they may come across as being friendly and trustworthy, their vested interest is in achieving the sale of the property quickly and at highest possible price.

As a simple rule – Do not sign anything to do with buying your home without first getting your solicitor to check it. Many solicitors prefer you to do this as it can prevent problems and normally do not charge you extra for this service. Remember, your solicitor is working for you and is being paid by you to have him look after you. They have your best interest at heart.

Not sure which solicitor to use? Call us Green Light Home Loans and we can refer you to well-known solicitors who are specialist in thier field. Like anything some solicitors may be cheaper than others but may not be as good as others who cost a little more.

Green Light Home Loans and our staff do not receive commission for referring you to outside agencies such as solicitors. So you know that if we recommend someone to you, they truly are the best at what they do.

What is Conveyancing?

The term ‘Conveyancing’ refers to all the legal and administrative work associated with transferring the ownership of property from one owner (seller or vendor,) to another (the buyer). The conveyancing process starts after an offer has been made and accepted for a property, and solicitors’ details have been exchanged by the two parties.

It is possible to complete the conveyancing yourself. However, due to time constraints, the sheer amount of paperwork and most importantly the legal consequences involved, we strongly suggest you employ a professional to undertake this for you.

If you make a mistake by doing it yourself you will have no right to demand compensation. However if a solicitor makes a mistake, which he shouldn’t, you will. For the relatively small amount you will save doing things yourself we advise that it really is not worth therisk.

Caution – Real property purchase and conveyancing laws differ substantially across various States and Territories of Australia. A further reason to consult a solicitor before shopping for a home.