Yuxi son
Many people believe that buying a house in Australia is too cumbersome, and there is a lot of paperwork that needs to be done at every step, starting with loan applications. If you buy a house, simply exchange bank information with the owner, and then transfer the money to the owner means a deal, that should be a very good thing. However, since buying a house involves too many rights and legal problems, if only simply exchanging bank information, it will cause a lot of legal hidden trouble in the future.
The property trading industry in Australia. When buying a house, hiring property trader (Conveyancer), can not only save you a lot of work, but also help you solve some important paperwork work.
What does the equity trader do for you?
Property traders can prepare documents for buying and selling houses and offer suggestions throughout the transaction. Some property traders are lawyers and some are not, but they are all qualified to deal with property-related matters.
In short, says Fred (Nicole Faid) of Accord Conveyancing, a property-trading firm, it refers to transferring the property of a house from one person's name to another.
She argues that there is a need for specific checks and equity balances between property and property rights in the course of property transactions. In these tasks, the equity trader will prepare for you the legal documents required for the property, including the preparation of the purchase and sale contract, and submit the relevant documents in accordance with the requirements of the goverment. They also have to do property retrieval to check all possible problems and ensure that every step is accurate.
Feyder pointed out that property rights and transfers are the basic principles in the transfer of property, but the retrieval of property rights and obtaining the relevant certificates of all properties is one of the practical tasks in the transfer process. According to Fred, property traders also calculate property taxes based on the new price of the house, and when the property is handed over, they will handle some related matters on your behalf, such as letting you know the date of the handover. And notify your mortgage agency of your final payment date and so on.
Do you need an equity trader?
Technically, you don't need a property trader in the process of buying a house. But if you don't know the legal process and terminology in buying a house, it's challenging to go from property retrieval to contract preparation, and all the other legal procedures. Perhaps you have now begun to "guess" some of the real estate terminology, and exactly what to do.
Therefore, it is necessary to hire a property trader when buying a house, and they can ensure the accuracy of every detail.
What is the cost of hiring an equity trader?
Some equity traders charge less, but most charge between 1000 and 1500 yuan. However, Feldt pointed out that some houses worth millions of dollars may have to pay higher costs, because if there is a mistake and defendant goes to court, the equity trader will have to bear greater risks.
Generally speaking, equity traders charge about 1000 yuan, plus 400 to 500 yuan you need to pay for other related costs. In the employment of property rights traders on the budget should be around 1500 yuan, more retreat and less compensation, the difference of about several hundred yuan.
What problems do you have?
For buyers, the most expensive problem is the problem of property rights, which will allow buyers to spend a significant amount of legal fees to solve the problem, Mr. Feldt said. But she pointed out that the vast majority of her problems were not property rights issues, but that banks or mortgage agencies were not ready for delivery day.
When a real estate delivery fails, 90% is caused by human error, and 90% of the deals fail, according to Fred. She thinks 70% to 80% of the mistakes are related to the banks.
Her advice to clients is to be forward-looking, actively liaise with your house broker or bank to ensure that the funds are ready and that the bank can deliver smoothly on the date of transfer.
What questions need to be asked before hiring?
- Is a member of the Australian Equity Trader Association?
- Are fees and charges paid in advance or are there other hidden fees based on delivery?
- What cases and types of properties have been dealt with before?
- Give a timetable, including a schedule for each progress in the property purchase process.
