There are pros and cons to every DIY job. There are times when taking on a DIY project can save you time and money, and even leave you with a sense of achievement knowing that you lived up to the challenge.
Successfully finishing a DIY dramatic room makeover and steering a property transaction to settlement, however, are two completely different things. Although transferring the title from seller to buyer may seem like a simple process, there is just so much at stake when it comes to a property transaction.
Before rolling up your sleeves and taking the DIY approach, here are some reasons to hire a professional instead:
It is Not Easy
Doing your own conveyancing can be rewarding, but it is never easy. Contract of sale, vendor’s statements, and cooling off period—aside from all these hard-to-understand legal jargons, conveyancing involves a lot of other processes. All of it might confuse you, especially if you are an amateur and have no prior experience.
There may be DIY books you can find, but reading is different from having actual firsthand experience. Instead, hire a professional conveyancer. Perth conveyancers are especially the best in this field.
The Trial and Error Will Cost You More
DIY conveyancing is false economy. If you lack the know-how, it’s likely that you’ll go with a trial and error process, which can cost you more time and money. Just imagine if you made a mistake—you will need to start all over again. In some cases, a mistake would require you to consult a solicitor and pay a fee to get the problems sorted out.
The Risks are Higher
Conveyance experts also make mistakes even if they have the experience, so how much more likely that you, who have less experience, will get it right?
No property transaction is complete until you properly register the title deed and pass the ownership from the seller to the buyer. It’s a huge responsibility for an inexperienced person to shoulder. Aside from that, people who attempt it leave themselves exposed to litigation if something goes wrong.
The DIY route can be rewarding financially. It can also be rewarding in terms of the sense of achievement it brings. It can, however, become costly with a single mistake, so never take it lightly. If you have doubts, the DIY conveyancing may not be the best option for you.