Whether you are buying or selling real estate property, you must do your due diligence to make sure you are within your rights, and that you are not being cheated. Protecting yourself from fraud and other activities in the real estate industry that might get you in trouble, however, is not something most people know about. Here’s how to protect your interests.
Always discuss with your real estate agent
For those who are trying to sell a property, you might be looking to save some money by doing it on your own. This is risky, however, because there are ins and outs in the industry that only agents know about. They can also do the tedious work for you, like documentation, putting your property on listings and using their contacts to get you a better deal.
As for those who are looking to buy, an agent also plays a vital role. Their large network means you can find more houses to try before deciding on one. You can tell your agent regarding which kind of area you’re looking for and they are likely to find houses there that fit your budget and preferences.
Get in touch with a conveyancer
Connollysuthers advised that you find a conveyancing solicitor in Townsville or any other place where you are looking to buy or sell a property. Your real estate agent may already know a conveyancer.
Your conveyancer will help prepare the legal documents that are required for transactions involving real estate property. If you’re selling, they will draw up the Contract of Sale, which will feature any special conditions you have.
As for buying a property, a conveyancer will prepare the transfer of documents, so that you are sure your transaction is legal and you are at no risk of being cheated.
A conveyancer will also give you some sound advice regarding the property transaction. Your real estate agent will do the same. So when you’re in the market for new property or are looking to sell, make sure you have a real estate agent and a conveyancer.