Why Your Choice of Settlement Agent Could Be Crucial

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When you're getting ready to buy a property, especially if it's your first one, you will need as much professional help on your side as you can get. The process can get quite involved and there is, after all, a lot at stake. In the worst-case scenario, you could lose the house of your dreams and incur needless and wasted expenditure. What should you be looking for when choosing the right settlement agent?

Do You Connect?

The most important factor to bear in mind here is connection. You always need to work with somebody who you get on with and you trust, but you need to make sure that your settlement agent takes the time to understand your particular situation. While there is a set procedure involved to go through the legalities of contract and settlement, there are always individual circumstances to bear in mind. You may have your own ideas and some questions already in mind to ask the agent, but they may have some questions for you that you might not have yet considered.

Time to Talk

It's also important for the agent to be in regular touch with you to keep you up-to-date with developments. They need to be proactive in dealing with the other parties as well, and ensure that everybody adheres to timelines and gets ready for the actual settlement date. With regular communication, there should be no misunderstandings and no confusion on your part.

It's All in the Detail

The small detail can cause large problems if the conveyancing and settlement agent is not diligent enough. All of this detail needs to be checked often and all the relevant government deadlines adhered to. Remember, that a mistake made by an agent can result in you having to pay penalties potentially, so always make sure that you choose an agent who has a reputation for checking all the details with a fine tooth comb.

Choosing the Specialist

While a lawyer who is qualified and registered in your state can act as a conveyancer in your case, it may not be in your best interests to choose this option. Certainly, lawyers are qualified to give you advice in many different areas, but they're not specialists when it comes to settlement. This is why it's better for you to select a licensed settlement agent who will have a more in-depth and up-to-date level of knowledge as a consequence of this specialty.