Owning your first property is a major milestone. However, it doesn’t come without its fair share of obstacles. Rising property prices, strict lending rules and legal jargon can make it challenging for first home buyers to buy their dream property. This is why it’s important to seek advice from professionals such as financial planners and conveyancers to ensure you get off to a good start in the market.This link: haitchconvey.com.au
What is a conveyancing clerk?
A reputable and experienced conveyancer is key to smoothing the way for a successful property transaction. There are many factors to consider when choosing a conveyancer, including transparency and attention to detail. A good conveyancer will be able to answer any questions you may have and provide clear explanations of their fees. They should also be easily accessible and keep you updated throughout the process.
The big cost to be aware of is stamp duty. This is calculated by the state revenue office based on the purchase price of your property and can add up to tens of thousands of dollars. Fortunately, first home buyers can benefit from a number of grants and concessions to help reduce this bill.
On property settlement day, your solicitor will exchange contracts and deposit monies with the vendor’s representative (or, if you’re using PEXA, their agent).