Buying your first home is an exciting milestone, but it can also feel overwhelming.
A property lawyer can help make the process smoother. At Holt Ronan Lawyers, we are experts in property law and can assist you.
Here are 5 questions you should ask your property lawyer (or conveyancer) before you sign a contract:
1. "What should I look for in the Contract?"
Contracts can be full of confusing terms. You should get the contract reviewed by a lawyer before you sign. They will look our for special conditions, and protections for you (finance, pest and building and due diligence clauses).
2. "Are there any legal risks I should be aware of?"
Your lawyer will help identify any legal risks related to the property, such as easements or flooding risks. These could affect your enjoyment of the property or its value in the future.
3. "What are the costs involved in the purchase?"
In addition to the price, you will have stamp duty, registration fees, searches and legal fees. You should have a clear understanding of these costs before you sign a contract.
4. "What happens if I need to get out of the purchase?"
If you have a contract reviewed by an experienced property lawyer, they will ensure it has the necessary clauses to protect you. Cooling off, finance provisions, pest and building and/or due diligence. There are strict processes to follow though so you must seek advice early.
5. "How can you help with the settlement process?"
Buying a property is a big deal. A good property lawyer will walk you through this process and ensure that things go smoothly. We will assist with searches, liaising with the seller and agent, and communicating with your bank to ensure you are ready to settle on the settlement date.
Buying your first home is one of the biggest decisions you will make. Choosing a property lawyer and conveyancer with experience and reliability is a simple step you can take to help you.
Disclaimer: This advice is general in nature and is not intended to be legal advice.
If you would like legal advice, please call our office on (07) 5619 0440 and we would be pleased to assist you.
Richard and the team were on the ball and great to deal with in a recent property transaction. Very knowledgeable in their area of expertise and reached out to us for the accounting perspective to ensure both legal and accounting were handled simultaneously.
Adrian De Vito
Aug 2023
The team at Holt Ronan Lawyers have managed multiple property settlements for us and have been wonderful to deal with. Trish was wonderful at explaining things to us, incredibly prompt with her responses and made sure we were informed at every step. I would strongly recommend Trish and Holt Ronan Lawyers to help with your conveyancing.
Elyse May
Jan 2024
Excellent lawyers! They assisted us recently with our new business lease, going through every dot point and ensuring that I understood what everything meant, as well as fighting for us in negotiations. They would not allow me to sign off on anything until they were absolutely satisfied. I very much recommend them and would use them again in the future.
Jess Bunty
Gold Coast Art School
Feb 2024