Like a roller coaster, after seeing countless suites before finally finding the right set, the next is the formal process-into the legal process, only then is the real sense of buying a house, so is the sale of real estate.
In the process, it is necessary for both buyers and sellers to hire a property rights trader who can help interpret the relevant technical terms, although the law is not mandatory, but for laymen, It is difficult to understand the details of a real estate transaction. When buying or selling properties, Australian property agents require buyers and sellers to provide contact information for their respective property traders, so it is best to prepare ahead of time and select an appropriate equity trader.
What is a real estate transfer?
Real estate transfer refers to the transfer of land (housing) property rights from one side to the other.
The basic transfer deal consists of three phases:
- Before signing
- Before completion
- After completion
What is a property trader?
Property Trader is a licensed and qualified professional who provides both buyers and sellers with comprehensive information and advice on real estate transactions, prepares relevant documents and executes the transaction process. A property trader is not necessarily a lawyer, but many solicitors often take on the job.
Equity traders are generally required under the following circumstances:
- Purchase or sale of property
- [经] lotting out
- Change of title (e.g. declaration of death)
- Registration, alteration or removal of easements
The work of a property rights trade
For Australian property buyers-equity traders need:
- Preparation, collation, drafting of legal documents-such as sales contracts, transfer memos
- Property details and certificates-View easements, property types, and any other information that needs to be verified
- Deposit in a trust account
- Calculate tax and fee
- Property delivery-as a buyer's representative, advise the buyer of an appropriate delivery period and contact a bank or financial institution after payment is made.
- Express your intention to buy a house to the seller or his agent
For Australian home sellers-equity traders need:
- Adequate preparation of legal instruments
- Respond on behalf of the seller to the buyer's request-for example, buyer's request for deferred settlement, property rights issues, etc.
How to find the right property Trade
Like most professions, equity traders are at different levels. Just as real estate sales require careful selection of professional real estate agents, transfer also needs to find the right property trader. As we all know, the best way to find the right person is through the introduction of acquaintances, so you can ask around to see if there are friends and family members who have contacted more professional property rights traders. If you don't have the right person, you can find it online and consult with a co-operative agent or other trusted professional (accountant or lawyer).
After identifying a few preliminary candidates, call each equity trader to find people who can easily communicate and meet their own requirements for buying or selling properties through the following questions. Different property traders are also responsible for different business areas, some specialize in apartment property, some are in charge of cross-lease property (cross leases), some are specialized in dealing with the property division business. After finding a preferred equity trader, do some background checks to make sure he has a legal license and has not received any complaints.
The questions you need to ask?
- Are you a member of Australian property law firm?
- Mainly engaged in what type of real estate transfer?
- How much is the charge? What fees are required for delivery? Is there a hidden cost?
- How do I communicate with customers? How often do you communicate?
- How long is the delivery period? (this is important if you have to arrange for a move or something else.)
