Why Should a Conveyancer Draft Your Section 32 Statement?

You have to go through various processes and procedures before you can sell your home. Some of the jobs you have are more complex than others, and you may need professional help with them.

For example, early in the process, you should set up a Section 32 statement. This is a legal document that sellers have to provide. It contains information about the property that buyers need to know, such as title, land use, outgoings, and zonal and building permit disclosures.

While you can take on this job yourself, it's often a better idea to use a conveyancing service. What are the advantages of leaving this job to the legal professionals?

Meet Legal Requirements

A Section 32 statement is a legal document. Its information needs to be accurate and up-to-date.

If your statement contains false information or if it is missing information it should contain, then you could be in hot water. It is a criminal offence to purposefully submit a statement that contains inaccuracies or omissions. Even if you simply make a mistake, you could be fined. If you use a conveyancer or lawyer, then they should ensure that the statement contains all the things it should contain and that they are accurate. They can meet your legal obligations.

Speed Up the Process

It takes time to set up a Section 32 statement. This document contains a lot of information and searches that need to be drawn from different sources.

This process is a lot quicker if you know what you are doing. Conveyancing professionals do these jobs all the time. They know what to do and where to look for the information you need to build the statement. If you don't have unnecessary delays at this stage, then you can sell your home more quickly.

Reduce the Chances of a Purchase Falling Through

If your Section 32 statement isn't correct or fully comprehensive, then legal problems aren't the only thing you have to worry about. Purchasers who aren't happy with the information you provide could pull out of the purchase.

This can happen even if you're in the middle or toward the end of the process. Failure to provide an accurate statement gives purchasers a right to get out of their contractual obligations.

If this happens, you could be left without a buyer. If you use a qualified conveyancer, then this is less likely to happen. To find out more about how much legal help you need, contact local conveyancing services.

About Me

Your Essential Real Estate Law Guide

Real estate transactions involve significant amounts of funds transferring between parties. Fortunately, laws exist to help ensure these transactions go smoothly. We understand that deciphering real estate law is no easy task and that successfully completing a real estate transaction can feel like a chancy and overwhelming undertaking. Our website touches on legal aspects of real estate dealings, including title transfer, taxation, mandatory disclosures, financing, closing, and more. While we’re not real estate attorneys, we spent lots of time researching behind the scenes so we can provide you with factual and accurate information to increase your understanding of how real estate law works.


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