Homes, castles and dreams
Buying or selling of a house is a big moment in life. It may be your family's future home, the place that you always returned to or the place where many of your dreams came true. For these and other compelling reasons, it is important to ensure that you receive good, independent advice on the process of selling your property, or buying a property.
Firstly, both the seller and the buyer are entitled to legal advice in the process. Usually the seller appoints the lawyer responsible for transferring the property. The buyer can take independent legal advice about the content of the Offer to Purchase or the Deed of Sale.
It is wise for both parties to have the Deed of Sale read through by an independent legal advisor or conveyancer. The lawyer can advise on the impact of suspensive conditions relating to if the buyer can get a mortgage loan or bond, when commission to estate agents is due, or occupation when the formalities in the Deeds Office have not been completed.
Independence and objectivity are critical characteristics that a seller or buyer should look for in the context of such an important transaction. Think about who is involved in the sale and where their interests lie. It is easy to be swayed by emotional factors, market sentiment, and noise that distract one from the consequences of the documents you might be signing.
Whether you are buying a freehold residential property, sectional title apartment or flat, an agricultural property or farm, or commercial or industrial property, taking the time to understand the Deed of Sale, and the process involved in selling or buying a property may help you avoid time consuming and potentially expensive pitfalls.
Our basic outline of the process of selling or buying a property attached below will give prospective sellers and purchasers a rough idea of what to expect. Naturally, the devil is always in the detail. Each transaction should be looked at carefully by an experienced qualified conveyancer.
Given the fundamental role that security of property plays in people's lives, individuals place much value on their homes. Properly trained and admitted conveyancers are crucial in ensuring properties are properly transferred. If disputes arise about the ownership of property or rights pertaining to property you would want to be sure that the job was done properly, wouldn't you?
From the team.
MA Cooper Attorneys
With Energy and with Experience, giving you Expression
Our basic outline of the process of selling or buying a property attached