The Conveyancer, The Solicitor and The Pest and Building Inspector

Attending open houses, creating ‘must have ‘checklists, and researching properties from dawn until dusk are all things that first home buyers can do themselves. However, there are some elements of the home buying process that can be outsourced to the experts.

Conveyancers and solicitors for instance can be hired to do the heavy lifting for you when it comes to the legal side of things. They are licensed professionals who are responsible for things like examining the contract of sale for any red flags, providing legal advice on the property transaction, preparing and lodging the legal paperwork involved, and overseeing the process of transferring the property out of the vendor’s name and into yours. Both conveyancers and solicitors are qualified to carry out this kind of work, and in most states, you can choose to use either (be sure to check the solicitor / conveyancer rules relating to your specific state).

Another expert that you may consider engaging prior to purchasing a home is a qualified pest and building inspector. Pest inspectors conduct visual inspections of properties for evidence of termite activity / damage and other infestations. Building inspectors assess a property’s condition in terms of safety hazards, minor defects and major defects, and provide a detailed report on their findings. Having these checks completed can help to safeguard prospective buyers against purchasing pest ridden or structurally unstable homes. Whilst these services do come at a cost, they may save you a lot of time, money and heartache in the long run.

Your MoneyQuest finance specialist can explain in greater detail what each of these experts do, and how they may be able to assist you with your property purchase.

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Disclaimer:

This article is written to provide a summary and general overview of the subject matter covered for your information only. Every effort has been made to ensure the information in the article is current, accurate and reliable. This article has been prepared without taking into account your objectives, personal circumstances, financial situation or needs. You should consider whether it is appropriate for your circumstances. You should seek your own independent legal, financial and taxation advice before acting or relying on any of the content contained in the articles and review any relevant Product Disclosure Statement (PDS), Terms and Conditions (T&C) or Financial Services Guide (FSG).

Please consult your financial advisor, solicitor or accountant before acting on information contained in this publication.