Why You Need To Contact A Property Lawyer When Moving House

Are you looking to buy your very first home, finally moving out of your parent’s house and gaining some independence? Is your current home no longer big enough to accommodate your growing family, so you’re looking to purchase a new one? Regardless of the reason that you are purchasing a house, it is important that you seek the assistance of a property lawyer to ensure that all your paperwork and finances are in order.

There are actually a number of reasons why you need to contact a property lawyer when moving house, the most important of which being that the laws surrounding property and ownership can be highly complex. The main role of your lawyer is to ensure that, when all is said and done, you actually own the land and physical house that you have handed over hundreds of thousands of dollars for. If you were to handle the contracts yourself, you may overlook an extremely problematic loophole.

Your property lawyer will also be able to undertake a number of other tasks for you that will make moving house as easy as possible. Some of these tasks include:

• Obtaining and checking your property deeds if you already have a mortgage on your house.
• Liaising with the lawyer representing the person whom you are purchasing the house from or selling it to.
• Agreeing to a purchase and exchange date and time (when the home will officially transfer ownership).
• Exchanging contracts with the property lawyer representing the person whom you are purchasing from or selling to.
• Repaying any existing mortgages with the released equity of the home you are selling.
• Settling any remaining real estate agent fees with the released equity of the home you are selling.
• Liaising with the mortgage company of your choice if you are purchasing a new property.
• Creating a ‘Property Information Form’, which includes details about the home you are selling (such as fixtures and fittings).

When choosing a property lawyer to help you move house with as little fuss as possible, it can be extremely beneficial to employ one who works locally to where you are selling or buying. Not only does their geographical location make it much easier for them to visit your property for meetings, it will ensure that they have a thorough knowledge of the laws in place for that particular area. This will also help you to establish a good relationship with your lawyer.