Buying or selling a property?

Buying or selling a residential property is a significant financial transaction, sometimes the single largest financial transaction some people will make, and so it is important to approach the process with care and diligence.

It is crucial to get specialist legal advice from experienced lawyers and conveyancers to protect your property assets and ensure that the conveyancing process is technically correct and reduces any risk for you.

What does a conveyancer do?

A conveyancer handles the legal aspects of buying or selling a property.

They will ensure that all legal documents are completed accurately and on time, check the property’s title, and liaise with other parties involved in the transaction.

Coulter Legal will order the relevant certificates related to the property to ensure accurate and up-to-date information is provided.

What does a lawyer do?

Lawyers also play an important role in property transactions in Victoria.

They can provide advice on legal issues such as the terms of the contract, including any special conditions that may be required, the ownership structure, and they can liaise with your accountant on any potential tax implications.

Lawyers can also assist with complex property transactions, such as those involving trusts or self-managed super funds.

Why Coulter Legal?

At Coulter Legal, clients have the confidence in a fixed fee price and an experienced conveyancer to manage your transaction, and if things go wrong, as they sometimes can do, they have experienced property lawyers that your matter can be referred to quickly and easily to ensure a smooth transaction.

What else should I be thinking about?

In addition to seeking specialist legal advice, there are a few other things to keep in mind when buying or selling a residential property in Victoria.

Firstly, it is important to thoroughly research the property and the local market to ensure that you are paying a fair price.

This may involve engaging a property valuer or conducting your research online.

Secondly, it is essential to have a clear understanding of your financial position before entering into a property transaction.

This includes calculating your budget and obtaining pre-approval for any loans or mortgages.

Finally, it is vital to have a comprehensive understanding of the terms and conditions of the contract of sale.

This includes any special conditions, such as building inspections or pest inspections, as well as any potential risks or liabilities.

Buying or selling a residential property in Victoria is a complex process that requires specialist legal advice and technical expertise.

By engaging an experienced conveyancer or lawyer, you can protect your assets.

Remember to thoroughly research the property and the local market, understand your financial position, and have a clear understanding of the terms and conditions of the contract of sale.

Phone Coulter Legal today on 5273 5273 or head to the website at coulterlegal.com.au

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