Why am I paying for conveyancing?
Whether you're buying your first home, moving up, or buying an investment for you or your business, the purchase of real estate is one of the largest financial decisions you will ever make.
Buying/selling your property is one thing. But what are you actually getting for your money?
Conveyancers help with the due diligence process so that you know what rights might already exist for government agencies or neighbours, how the land can be used, and the rights that can be hidden away in records away from your Certificate of Title.
Conveyancers also make sure the settlement proceeds with all the safeguards against the costs over the property - such as outstanding rates, land tax, water charges and the like - to ensure you do not pay any more than you have to.
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What are you checking for?
First and foremost - we check that the property actually matches what is contained on the Land Titles Register, and have you inspect the property to make sure the boundaries match.
Conveyancing searches cover areas such as:
Geological, Water and Sewage situation of the property and the ability to access utilities;
Easements, Rights of Way and Licences held over the property by local government, Hydro Tasmania and power companies, TasWater, mining companies (which can occur even in inner CBD properties) and other agencies to access, travel on or develop on your land;
Land Tax, Bankruptcy and for business, ASIC, State Agency and Personal Property searches to confirm that the other side is who they say they are and can carry through on the transaction.