Conveyancer / Lawyer?
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We are in the final stages of quotes for a house and land package in Melbourne's north.
My sister in law is a legal secretary and has been providing great advice around contract terms etc. I also work with a lawyer who is happy to witness and sign documents.
My question is - do we still need a conveyancer? Or can we get away with not having one and just use our sister In law and lawyer to sign and witness documents? What do they actually do? Can we get away with not having one for a pretty standard new home build with a reputable company?
Any advice is appreciated!!!
The advantage is they specialise in property transactions. They are doing it all the time and hence have good relationships with banks, real estate agents, etc. Whilst friends can help out, they may not be that practiced with specific details of property transactions.
Recommend you source one based on word of mouth. A great broker will be a real asset. Mine battled with my bank's silly requests ( they wanted copies of all 700 pages of my ridiculous land contract ). I also witnessed her verbally chastising another client's incompetent broker on the phone - hilarious!
There are bad conveyancers / solicitors too - hence the importance of word of mouth.
I seriously thought I could have done a better job. I ended up following up every single detail, even personally dropping off signed documents to the vendor's agent, and also hand-delivering the bank cheque to the settlement agent.
I would suggest going via the conveyancer your broker recommends, but there's no guarantee things would go smoothly either (the solicitor I went with was actually referred to me!). As you can tell I had a horrid experience, and never again with that mob.
As for the next time, I'd probably settle with a conveyancer vs solicitor, for a basic transaction like mine was (land settlement within 75 days etc).
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