With the variety of DIY kits on offer for conveyancing it’s tempting to buy one to save on legal fees. These kits promise a step-by-step process to completing a conveyancing transaction successfully.
However, what they can’t do is identify and address any issues that can potentially arise from the transaction. This is where an experienced lawyer or conveyancer solicitor in Brisbane can help reach a smooth settlement for you.
Negotiating conditions of the contract
A crucial step in entering a contract of sale is negotiation. Both a seller and a buyer want the best possible outcome from the transaction. The contract of sale is a complex document that contains conditions and clauses that can be difficult to understand. Misinterpretation of these clauses can lead to unwanted implications and unexpected costs later in the process.
Solicitors and conveyancers are experts at navigating these contracts. When you appoint a solicitor or conveyancer, they can assist you in the negotiation process. This means you understand the terms of the contract, remove any onerous terms, and sign a contract you are happy with.
Increasingly, settlement transactions occur electronically, rather than the traditional paper method. To effect a settlement, an online settlement platform PEXA or Sympli must be used. These platforms can only be accessed by subscribers, such as conveyancers, law firms or banks.
If you do purchase a DIY kit, you will still need to engage an appropriate subscriber of these online platforms to help you complete the settlement. This means additional costs that you may not have accounted for when researching DIY kits. Engaging a conveyancer or solicitor will mitigate these additional costs with fixed-fee services.
As with any transaction, there are several risks or issues that you may be faced with. Common examples of such issues in conveyancing transactions are:
- Hidden fees in the event of a default;
- Defects in final inspections; and
- Settlement delays
With a conveyancer or solicitor by your side, these risks are reduced or completely mitigated. You won’t need to rely on a guide or brochure but have an expert handling your transaction to ensure its success. Here at W Legal Group we have completed thousands of transactions successfully. Reach out to us today to see how we can assist you!