Buying and Selling Property

Buying or selling property (Conveyancing)

The technical legal term for buying and Selling of property is conveyancing which means the legal transfer of title from the seller to the buyer in exchange for payment. If handled well, conveyancing should be routine and trouble free but there are many issues and potential pitfalls and conveyancing transactions which do go wrong can go very wrong. That is why you should never sign any agreement or documents without checking with your solicitor first.

Complexities

These issues or potential problems can cause complexities:

• Is the property being sold described correctly?
• Is the price correct and are there any GST issues?
• What type of title is it and what encumbrances is it subject to?
• Is the agreement (or should it be) conditional upon certain issues being checked out?
• Are there any Resource Management or Building Act or construction issues to be checked into?
• How is the purchaser to take title (eg. jointly or as tenants in common or as a company or family trust)?
• Is finance documentation correct and/or does it contain hidden "hooks"?
• How and when is possession or settlement to take place?
• What happens if things go wrong?

Services

If you are in the market either looking at buying or selling, contact us first as we may be able to save you time and money. We can also make you aware of other preliminary matters which you may need to consider prior to entering into a binding sale and purchase agreement. The Dawsons team has many years experience in this area of the law and are able to give you fast and comprehensive advice in any situation. We also offer the latest service in this area, known as e-dealing, which means your new property can be in your name the same day of settlement.