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Writer's pictureShaun Chaudhry
Apr 17, 20242 min read

"Why You Might Want to Consider Hiring a Conveyancer for Your Property Purchase"

When diving into the complexities of real estate transactions, one question often arises: Do I really need a conveyancer? Let's explore this topic to help you make an informed decision.


Summary:

  • Understanding the role of a conveyancer in property transactions.

  • Pros and cons of hiring a conveyancer.

  • How a conveyancer can streamline your home buying or selling process.


After attending a million inspections, scanning countless websites, and being introduced to more agents than you can bear to think about, you’ve finally found your dream home. It’s been worth every minute, and you can’t wait to start moving in the furniture. Unfortunately, that’s when the boring part begins.


Buying property is a huge undertaking, and as such, there are some fairly stringent legalities that you have to consider. Since most of us aren’t fluent in property law, it’s advisable to get someone who is to help you navigate the process.


A conveyancer will:

  • Prepare and lodge your contract and accompanying legal documents.

  • Thoroughly check the history of the property and its certificate of title.

  • Act on your behalf with a vendor or agent.

  • Handle your deposit.

  • Ensure your rates and taxes are correct.

  • Act as your representative through settlement.

The selling agent will generally ask for the contact details of your conveyancer, so it’s best to have engaged one as soon as you are certain on a property.


Pros of Hiring a Conveyancer:

  • Expertise in Property Law: They are fluent in property law and can ensure all legal aspects are handled correctly.

  • Stress Reduction: Having a professional manage the legalities can alleviate stress and streamline the process.

  • Comprehensive Checks: They conduct thorough checks on the property's history, title, rates, and taxes, ensuring everything is in order.

Cons of Hiring a Conveyancer:

  • Cost: Hiring a conveyancer involves fees, which can add to the overall expenses of buying or selling a property.

  • Time: The process may take longer when involving a conveyancer, as they ensure all legal requirements are met.

In conclusion, while the legalities of buying property can seem daunting, having a conveyancer by your side can make the process smoother and more manageable. Don’t let the legalities dampen your excitement about your dream home! Consult with a conveyancer like Proactive Lending Solutions, led by Shaun, to ensure a seamless property transaction.


Contact us for expert advice and assistance:

📞 Phone: 0424 513 740


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Writer's pictureShaun Chaudhry
Apr 12, 20243 min read

The Ultimate Guide to Buying a House and Land Package: How It Works and What You Need to Know?


How Does Buying a House and Land Package Work?

  • Understanding the process of purchasing a house and land package

  • Benefits of opting for a house and land package

  • Key considerations to keep in mind when buying a house and land package




Are you considering buying a house and land package but feeling unsure about how it all works? Let's break it down for you.


A house and land package is a popular option for homebuyers looking for a hassle-free way to build their dream home. Essentially, it involves purchasing a piece of land and a house design from a developer or builder as a combined package.


Whilst buying off the plan is a popular choice for those who are happy to take a back seat and let developers design their home, some people prefer to have a little more control. If this sounds like you, and you are in a position to pay for land upfront, then choosing a house and land package might be the perfect solution. You’ll have a say in how your property is constructed and what the final product looks like.


Here’s what to expect if you choose to purchase a house and land package:

  • You’ll have to pay for the land upfront.

  • You’ll pay stamp duty on the land but you won’t have to pay it on the finished house.

  • When you purchase the land, you’ll sign a contract with a builder to undertake the full construction of your property.

  • You’ll potentially save lots of money, as you can pay your builder in instalments.

  • You can manage the building of your property and choose your own layout and features.

The process typically involves the following steps:

  • Choosing Your Package: You'll start by selecting a suitable piece of land and a house design that meets your needs and budget. Developers often offer a range of designs to choose from, allowing you to customize certain aspects to suit your preferences.

  • Securing Finance: Once you've chosen your package, you'll need to arrange finance to cover the cost of the land and construction. This may involve obtaining a construction loan, which is a type of loan specifically designed for building purposes.

  • Signing Contracts: With finance in place, you'll then enter into contracts with the developer or builder. These contracts will outline the terms of the purchase, including the price, payment schedule, and any relevant timelines.

  • Construction: Once contracts are signed and any necessary approvals obtained, construction of your new home can begin. The builder will typically work closely with you throughout the construction process to ensure your home is built to your specifications.

  • Completion and Settlement: Once construction is complete, your new home will undergo final inspections to ensure it meets building standards. Once satisfied, settlement will take place, and you'll officially take ownership of your new home.

Buying a house and land package offers several benefits, including:

  • Convenience: Everything from land acquisition to home construction is taken care of by the developer or builder, streamlining the process for you.

  • Customization: Many developers offer a range of house designs to choose from, allowing you to personalize certain aspects of your home to suit your tastes.

  • Potential Cost Savings: House and land packages can often be more cost-effective than purchasing land and building separately, as developers may offer incentives or package deals.

However, there are also important considerations to keep in mind when buying a house and land package, such as location, developer reputation, and potential hidden costs.


In conclusion, buying a house and land package can be a fantastic option for those looking to build their dream home. By understanding the process and considering key factors, you can make informed decisions and embark on your homeownership journey with confidence.


Contact Shaun and our team at Proactive Lending Solutions for expert advice and support on buying a house and land package.

📞 0424 513 740


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Writer's pictureShaun Chaudhry
Apr 12, 20242 min read

The Key Factors in Property Valuation: Unpacking the Benefits from our Previous Blog!

Explore what factors are considered in property valuation and benefits:


What factors are considered in property valuation? Exploring the benefits:

  • Location: The neighborhood's desirability and proximity to amenities.

  • Property Size and Condition: The size, layout, and overall condition of the property.

  • Comparable Sales: Recent sales of similar properties in the area.

  • Market Conditions: Supply and demand dynamics affecting property prices.

  • Improvements and Renovations: Any upgrades or renovations that enhance the property's value.

Property valuation is a crucial step in the homebuying process, influencing everything from mortgage approval to negotiations with sellers. Let's delve into the factors considered in property valuation and the benefits it brings.

Property valuation plays a significant role in determining the market value of a property.


Several factors are taken into account during the valuation process, including:

Location: The neighborhood's desirability, proximity to amenities such as schools, parks, and public transportation, and future development plans can all impact property value.

  • Property Size and Condition: The size, layout, and overall condition of the property are key factors in its valuation. Larger properties with more bedrooms and bathrooms typically command higher prices, as do properties that are well-maintained and in good condition.

  • Comparable Sales: Recent sales of similar properties in the area, known as comparable sales or "comps," provide valuable insights into the property's market value. These sales help appraisers and valuers assess how the subject property stacks up against others in the market.

  • Market Conditions: Market conditions, including supply and demand dynamics, interest rates, and economic trends, play a significant role in property valuation. A seller's market, where demand exceeds supply, can drive property prices higher, while a buyer's market may lead to lower valuations.

  • Improvements and Renovations: Any improvements or renovations made to the property can increase its value. Upgrades such as a new kitchen, bathroom renovations, or landscaping can significantly enhance a property's appeal and value.

Benefits of Property Valuation:

  1. Accurate Pricing: Property valuation ensures that the property is priced accurately based on its market value, reducing the risk of overpaying or underselling.

  2. Negotiating Power: Armed with a professional valuation report, buyers and sellers have better negotiating power in real estate transactions.

  3. Mortgage Approval: Lenders require a property valuation to assess the property's value and determine the maximum loan amount they're willing to offer.

  4. Investment Decision-Making: Property valuation helps investors make informed decisions about buying, selling, or holding onto investment properties.

  5. Insurance Purposes: Property valuation is also essential for insurance purposes, ensuring that the property is adequately insured against potential risks and hazards.

In conclusion, property valuation is a critical aspect of the homebuying process, providing valuable insights into a property's market value and influencing various aspects of the transaction. Whether you're buying, selling, or investing in real estate, a professional property valuation can help you make informed decisions and achieve your financial goals.


Contact Shaun at Proactive Lending Solutions for expert advice on property valuation and navigating the homebuying process.

📞 0424 513 740


👍🏼 Follow us on social media for more tips and insights:


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