Conveyancing can be a complicated process if you are not experienced or trained in this field. At Dawson & Gardiner we have a team of professional Conveyancers who will assist you in the process. Of course we also have solicitors here who can help, but only if required. We can provide you with the best possible service at an affordable cost.
The conveyancing process may seem simple however there are actually many common things that can and do go wrong.
PROBLEMS THAT CAN ARISE WHEN SELLING A PROPERTY
The purchaser does not pay the deposit on time
If the purchaser does not pay their deposit on time your real estate agent is usually the one to help chase up on this. If the problem continues, our Conveyancer may need to step in to help. Strategies may include charging interest on the unpaid deposit as a penalty.
Your bank is not able to settle on time
If you have a mortgage when you are selling a property this will need to be discharged before settlement. Our Conveyancer can help make arrangements with your bank to help facilitate this.
When the mortgage has been discharged the Certificate of Title will be handed to the buyer once they have paid out the mortgage with proceeds of the sale. Problem can occur as the discharge process can be lengthy, and it’s possible that the bank are not ready in time. This could happen if the appropriate department hasn’t received all of the documents they need. Our Conveyancers are very experienced in this situation and know the steps to take to ensure the delay is minimal.
The purchaser isn’t ready to settle on time
If there are mortgages involved the bank will play a central role in the settlement process for both buyer and seller. The purchaser will also be relying on their bank to be ready to settle on time if they are obtaining a mortgage. If the bank’s not ready due to a stall in mortgage documents, the purchaser won’t be ready yet either. Our Conveyancers deal this situation all the time and we will keep you informed every step of the way and let you know your rights should this happen. For example, you may be able to charge penalty interest in this case, just as you would with delays in the deposit.
The purchaser refuses to settle
Before settlement day, the purchaser will need to undertake a final inspection of your property. If they notice faults which they didn’t see the first time around, they might refuse to settle unless these are taken care of. If this happens our Conveyancer will be there to help. They can help enforce the rules of the Contract of Sale and have the experience necessary to handle any issues that arise.
Prevention is always better than cure though, so if you are the seller, it’s a good idea to prevent this from happening by discussing any possible flaws in the building with your real estate agent when you are first thinking about selling. Make sure you are confident in the agent you’re using and it may be worthwhile investigating what possible repairs you need to take care of before selling.
No matter what happens during our conveyance you can be confident that Dawson & Gardiner’s Conveyancing team have probably experienced it before and will know what to do to get the best outcome for you! If you have any questions about Conveyancing or you would like a quote please call us direct on 02 4954 8666.