Model Law: A Blog About Legal Issues

Model Law: A Blog About Legal Issues

The Benefits Of Hiring a Solicitor

by Susanna Phillips

A solicitor is one of the most vital personnel you will require as you purchase property. He or she will handle the legal aspects of the purchase to protect you from future liabilities. Read the extract below to get a better understanding of why you require a property solicitor.

Real Estate Advice

Most property solicitors are experienced real estate professionals. As such, they will provide invaluable advice regarding; 

  • Property prices. Are you getting value for your money? What is the property's appreciation?
  • What are the best areas in your city to purchase homes? Property in developing regions appreciates at a fast rate.
  • What to look for in a property. The solicitor knows current trends in terms of what buyers need in a house.
  • Real estate investment. The solicitor can give tips on how to turn your home into an investment. For instance, you could rent a part of the property, subdivide the property or put up commercial development if the area is marked for missed use.   

Due Diligence

Your solicitor will conduct a title search to determine if the property is registered under the seller's name. He or she will also check the local council's zoning regulations to determine what developments you can put up on the property. Your solicitor will provide you with a copy of the owners corporation and resident association bylaws. These might determine where you park your car, what pets you should keep, and the colour, type and height of your fences. Finally, the solicitor will ensure that the property is not under any dispute and that its title has not been used to secure a loan.  

Loans and Financing

If you intend to purchase the property through bank finance, your solicitor will advise you on a suitable mortgage. For instance, a construction loan is ideal if you want to build a house. On the other hand, a shared equity loan has low interest rates, but the bank will have a share in the property's appreciation. The solicitor will negotiate interest rates and ensure the bank makes timely payments to the seller. 


The solicitor will negotiate the purchase price on your behalf. He or she will also ensure that the contract of sale has reasonable terms and conditions. For instance, the contract should have an inspection contingency that allows you to back out of the deal should the inspector find that the house is not habitable. Besides, it should compel the owner to conduct renovations. 

A skilled and experienced solicitor will give real estate advice, conduct due diligence, evaluate your financing options and negotiate the purchase price on your behalf. 


About Me

Model Law: A Blog About Legal Issues

Hello. I'm Mark and I am the manager of a successful modelling agency. It is my job to ensure that our models are well cared for and generate positive publicity for the agency. Sometimes that can be quite challenging and I spend a lot of time liaising with our legal team. From clients who refuse to honour contracts to models who are facing charges themselves, I am constantly dealing with legal issues. Over the years, I have become quite familiar with a range of laws and legal processes. My friends and family consider me to be a veritable fount of information when they have legal questions. I have decided to compose this blog in order to address the issues I most commonly deal with. Please browse at your leisure.