Property Law & Conveyancing
Vickers Lawyers have been assisting buyer and sellers of real estate on the North Coast of NSW for over 25 years. Our clients have peace of mind!
We can assist you with the following matters whether you are buying or selling your property:
- How does the “cooling off” period work?
- What are the sellers obligations in regard to swimming pools if they have a pool on the property.
- Information about stamp duty and the discounts available for new home buyers and first home buyer.
- Assistance with buying at or selling a property by public auction.
- Negotiating special conditions of contract that may be required because of your own circumstances or for example where a property is bought “off the plan”.
- Assistance with your negotiations or liaison with lending institutions
- Advising you when you are purchasing a property in a new subdivision and including carrying out searches of your local council records
Get Fixed Priced Conveyancing in Byron Bay
Our professional residential conveyancing lawyers understand that it can be an expensive time to buy a house or any other property transaction. With this in mind, we are pleased to be able to offer a comprehensive range of fixed price conveyancing in Byron Bay aimed at keeping your legal costs of conveyancing and property to an absolute minimum.
With our expert team of conveyancers, we are on-hand to advise and assist you every step of the way, regardless of the nature of the transaction of the property. A conveyancing lawyer is a valuable asset to have on your side to ensure that your transaction goes through smoothly and as quickly as possible, whether you are a first-time buyer or repeat investor.
Understanding fixed-price conveyancing
Fixed price conveyancing in Byron Bay is when a pre-agreed amount of money is decided and charged for the agreed conveyancing service (also known as fixed price or flat rate conveyancing). It is common, but not all conveyancing solicitors offer it and instead still operate at an hourly rate. Customers often prefer a fixed-rate service as it allows them to budget for the expected costs instead of having an estimated amount with possible surprise costs added on.
Usually, the term ‘fixed price’ refers to the price of the legal services provided; it is important to note that not all the costs of third parties will be included. Always ask for a quote from the solicitors you are interested in so that you can compare and work out a suitable house-buying budget.
Fixed price agreement when a house is purchased & sold
You should be presented with the pre-agreed fixed price for the legal service and then also with any additional disbursement costs when receiving the quote. Costs will often depend on the expected time it takes to undertake the necessary legal work. Some legal firms may include an additional fee for photocopying and processing paperwork, a sundries charge. Depending on whether you buy or sell the property, it is important to know that there are different costs involved.
We have included a list of a few elements that should be expected in the conveyance quote to ensure you’re not being overcharged.
The fixed price conveyancing quote should include the following when selling a property:
- The legal fee that the conveyancing solicitor charges.
- Depending on whether the property is freehold or leasehold, this will be adapted.
- A fee for copies from The Land Registry of the necessary documents.
- Processing fee for bank transfer
There are more checks and searches to be completed when buying a property, and so the fixed price conveyancing quote will include additional components compared to selling a property. They include:
- The legal fee that the conveyancing solicitor charges.
- Administration fee for mortgages (only applicable if you need a mortgage)
- Return Fee for Stamp Duty
- Searches by Local Authorities
- Search for Drainage
- Search for Bankruptcy
- Environmental search (if appropriate)
- Tax on Stamp Duty Land
- Fee for Land Registry Registration
- Registry of Land Search fee
- Search for Mining (if appropriate)
Depending on the type of property, the estimated time taken to complete the necessary legal work and the actual law firm itself, all these costs will vary. However, for all these elements, your fixed fee conveyancing quote should give you a reliable exact price, allowing you to budget accordingly.
For the forthcoming transaction, appointing the right property conveyancing lawyer for your house purchase in Byron Bay will put a qualified conveyance professional in your corner. Most individuals will only ever buy three or four houses, which means that few of us know or understand all the ins and outs of the process. The exception is conveyancing professionals, and their expertise can assist you in navigating the purchasing process smooth and as stress-free as possible.
What can a property conveyancing lawyer do for you?
You might not be familiar with what property conveyancing lawyers do if this is your first house purchase. If that is the case, here are a few of the advantages you can get from hiring a property conveyancing lawyer for your Byron Bay property purchase:
- They manage the legal side of things: you are probably most focused on the lifestyle changes headed your way as a homebuyer. Indeed, it is something exciting to move into a new home, somewhere with more space and the features you’ve always wanted. However, the fact is that before you can officially adopt a new address and start building a life in your new home, a lot of legal matters need to be sorted out. Our property conveyancing lawyers can handle these legalities and help you understand them. Our conveyancers are qualified lawyers with real estate experience, meaning they understand some of the nuances that you may not understand.
- They help you identify problems with your transaction: Your contract of Sale will ideally be cut and dried. Our property conveyancing lawyers may sometimes spot clauses that are not in line with your best interest. These contractual issues, along with other issues, such as house inspection difficulties, intrusions, and burdens, etc., might require negotiations with the seller. These issues might even cause you to walk away from a potential purchase in extreme situations. Our property conveyancing lawyers will be there to advise you in any case, to negotiate on your behalf and to protect your interests.
- Our solicitor will get everything ready for settlement: Before your property transaction is ready for settlement, there are many steps to go through, from preparing adequate documentation to negotiating with sellers and their lawyers, all the way to liaising with banks. It will take these duties off your shoulders to hire the right property conveyancing lawyer for your house purchase in Byron Bay. Our conveyancing specialist will ensure that everything is ready for settlement, giving you the freedom to concentrate on packing up your belongings and getting ready for the big move.
- Sellers’ Protection: For people selling a property, property conveyancing lawyers can be particularly important. As a seller, if your sales contract is not worded correctly, you can face significant liability problems. If a buyer finds a major problem with the property after purchase, a property conveyancing lawyer will ensure that provisions are in your contract to safeguard you financially. A property conveyancing lawyer will also ensure that you are shielded at the last minute from buyers backing out of deals and buyers who do not fulfil their financial obligations in a timely way.
- Requirements for Mortgages: Sometimes, mortgage companies require purchasers to work with property conveyancing lawyers before they provide financing. This is to ensure that there are no errors in the purchase contract and that all the necessary papers are filed. Buyers, who do not use a lawyer when required by their mortgage provider, may not be approved for the loan when it comes time to finalise everything.
If the deal is not properly structured when you buy a property, you could find yourself committed, without any recourse, to purchasing a misrepresented building or piece of land. In the contract, a property conveyancing lawyer can ensure your interests are protected.
A property conveyancing lawyer can protect your interests and shield you from major financial losses, whether you are buying or selling a property. For a layperson, the complexity of real estate law can make transactions confusing, from those buying residential property to companies buying commercial locations. Consult a property conveyancing lawyer serving Byron Bay to make sure your rights are protected before you agree.
If you are looking for property lawyers near me, then look no further and Contact Us today!
