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Property conveyancing as most of us would be aware is all about the various steps that have to be gone through before a property is sold or bought. Whenever a sale or purchase of real estate property takes place, the transaction is not complete unless the ownership gets transferred from one entity to another. Unlike other movable and immovable properties, one has to bear in mind that when it comes to real estate buying and selling there are a number of legal and other aspects that have to be taken care of. Further unlike other asset purchase and sales, whenever a real estate buying and selling takes place, the stakes involved are quite high. It could run into thousands or even millions of dollars. Additionally, apart from buyers and sellers there are other stakeholders whose interests have to be taken into account. These could include banks and financial institutions, government revenue departments, just to name a few. Hence, it is important to understand the importance of conveyancing whenever there is a sale or purchase of a real estate property.
However, given the changing business scenario, the way in which real estate conveyancing business is done is also changing quite fast. The internet and other modern technologies are having their impact on conveyancing. Customers today are very much running against time and hence when it comes to conveyancing they would like to see that it happens from the comfort of their home or workplace. They simply do not have the time to make repeated trips to the conveyancers’ office to get things moving.
Given the above situations, it is important for conveyancers to have a thorough relook at the way conveyancing business is done. It would be advisable for them to understand the importance, power and reach of the internet. Hence as a prudent real estate conveyancer, it is of paramount importance to try and offer online valuation and conveyancing facilities to their customers. While this certainly will be a game changer both for the customers and the conveyancers, it has to be done after lot of thought and planning. As a precursor to online conveyancing, it is vital to ensure that all the back office operations are automated.
Choosing the right conveyancing professional from a crowd of these service providers could indeed be a tough and challenging task. The reason confusion is not the dearth of conveyancers but getting the right person or company or service providers that will suit specific needs and requirements. Hence as a customer one should go through the various due diligence process and choose the service provider who they think will meet their specific needs and requirements. Let us over the next few lines try and get some idea about the main points that should be kept in mind while looking for quality conveyancing in Melbourne.
To begin with one should always look for conveyancers who are certified under the law. This is very important or else you will be taking services from someone who is not permitted under the law to do so. Any act that is done on the customers’ behalf by such unauthorized persons or entities would become null and void in the courts of law. It is therefore extremely important to look for conveyancers who are certified.
The next important point that should be taken into account is their overall experience in this field. Any good conveyancer should have put in at least 10 to 15 years of solid experience in his profession. Experience is a good teacher and this is specifically applicable to all those conveyancers who have put in the required number of years in their business.
A good conveyancing professional is one who can offer end to end solutions to their customers. This will prevent the customer from moving from one service provider to another in their pursuit for getting their job done. A good conveyancer should be considered as a one stop solution for all the conveyancing needs failing which it may not be right to choose him as a service provider. The fees that are being charged by conveyancers are also something that has to be closely monitored. While the fees should be reasonable and in line with the market, as a customer you should be sure that it does not come at the cost of quality services. Last but not the least, timely delivery of all services is a good hallmark of a professional conveyancing company and this fact should always be borne in mind by the customers.
First and foremost before identifying the right conveyancing professionals, it is very important for us to have a reasonably good idea about conveyancing in the first place. Put in simple words conveyancing is nothing but the entire process that has to be gone through from the moment a decision to buy a home has been made till the time the money is remitted to the sellers’ bank account. The process might look quite simple and easy on the surface but there are certainly quite a few bottlenecks, problems and most importantly lack of customer knowledge that needs to be kept in mind. Hence, the onus is on the customer to find out the right conveyancers having the required experience and expertise. Here are a few important points that we need to keep in mind while recruiting these professionals.
You have to be very sure whether you are looking for conveyancing of a residential or commercial property. Depending on the requirement, you must choose the right professional. If you are looking to buy a home or apartment for your personal use you should make it a point to choose only those conveyancers who have experience and expertise in this line. Secondly, it is very important to opt only for those professionals who are registered under the law and have a valid certificate to conduct this business.
As most of the products and services that we buy and sell are technology driven, this point has to be borne in mind while choosing conveyancers. They should have the basic technologies like the computer, internet, own website mobile phone technology in place. They must also be using them to good effect and must be adding value to the customers through intelligent use of technology.
They should be a one stop solution for all your conveyancing needs. You should not hire conveyancers who are merely agents masquerading as conveyancing professionals. Many such individuals take the assignment from you as a customer and outsource it to some third party conveyancers. You should not fall prey to such unethical tactics and practices. You must also be in the know regarding the fees that are being quoted by these service providers. While there is no doubt that the fee structure should be reasonable, you should as a customer know where to draw the line between cost effectiveness and quality of services.
Now let us have a look at the various important points to be kept in mind while choosing the right conveyancing professionals. It is quite easy to come across a number of these professionals. Hence, it is important for you to choose the one who will be able to meet your requirements perfectly. To begin with you should look for conveyancing professionals who are qualified, experienced and certified under the law to carry out their tasks.
Further it is also very important to look for conveyancing professionals who would be in a position to handle the task end-to-end. They should be a one stop solution for all matters related to conveyancing. This is very important because the whole process is sub divided into various steps and each one of them might require specialized professional approach. For example, when it comes to scrutinizing property documents and preparing the legal agreements and documents, the role of a real estate attorney or lawyer becomes very important. On the other hand when it is about getting to know the fair market value of the property that is being sold one should seek the services of a reputed and experienced property valuer. Therefore, it is important to take help from the right professionals having the right experienced in the desired field.
It is also important to ensure that the conveyancing professionals have a good reputation in the area in which they are operating. Further it is expected of them to deliver the information and services within stipulated time period. Many of the legal and other documents that need to be executed have a time period and hence one should look for conveyancing professionals who are aware of the same. Last but not the least, it is very important to look only for those valuers who are ready to offer their services at reasonable rates. However this should not mean that the valuers will start compromising on the quality of services being provided by them.
Since conveyancing in Sydney is a very vital and critical assignment, only those professionals who are certified must be recruited for the job. Certification is not a choice but obligatory as far as quality conveyancing professionals are concerned. Hence this is the most important part that must be carefully examined before choosing these service providers. The next important point is their overall experience in the field of conveyancing. As a customer you have to bear in mind that conveyancing is a very complicated job and there are quite a few things that must be brought under one umbrella. There are many documents that need to be examined, verified. There are quite a few documents that are to be prepared and executed. It also calls for filling up many mandatory forms where the margins for errors are almost nil.
Hence experience is something that is of paramount importance when it comes to selecting these professionals. The next important fact is to look for only those professionals who have a reasonably big list of satisfied customers. They should enjoy a good reputation and goodwill amongst existing customers and in the conveyancing market in general. They are expected to be fully versed with the various rules and regulations that are applicable in the city where they are operating. Buying and selling of residential homes or even commercial real estate properties involves going through many statutory rules and regulations. Missing out on some rules could prove costly and could impact the very transfer of ownership. Hence, as a customer you should be sure that you are only recruiting those professionals who have a thorough knowledge on this front. They should also have a reasonably good knowledge about the various aspects related to property tax, backdated valuations, calculation of stamp duty and other such things. In fine, choosing the right conveyancing professional must be done with lot of care and caution.