I'm buying my second property and I'd like to save some money this time around. It was so expensive paying for the lawyer's fees. I've done it once before so I think I should be familiar enough to do it myself. Can anything go wrong?
Lawyer Answers (1): Answers from lawyers are general preliminary responses. They are not formal legal advice and cannot taken account of all your circumstances. They do not create a lawyer–client relationship.
Answer by Neha Sharma, Hillsdale 2036 NSW
- Yes it is possible for things to go wrong when undertaking the conveyancing yourself or with the assistance of an online kit. In particular self-conveyancing can be confusing for most people who:
- aren’t familiar with legal terminology;
- don’t have a lot of time;
- have a complicated matter; or
- aren’t comfortable liaising with different stakeholders.
- If anything goes wrong a vendor or a purchaser engaging in self-conveyancing will not have the protection of a professional indemnity or fidelity insurance cover. It is therefore always recommended to hire either a lawyer or a conveyancer to handle your matter.