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Helping First Home Buyers

For many, buying their home is one of their biggest investments, and this can be a very daunting exercise for first home buyers. Fortunately, the government assists first home buyers by offering a variety of financial benefits, such as exemptions or concessions on stamp duty as well as a grant.

The conveyancing process can be complicated if you are not used to legal contracts or property transactions. Licensed conveyancers or property lawyers will assist you with your transaction for a fee, or you could do it yourself - and there are a number of DIY conveyancing kits available in the market. However, if you are unsure of your rights and obligations, then you will benefit from professional advice and representation.

The cost of conveyancing services can vary, and so it is possible for you to shop around for the cheapest price. Unfortunately, like many other industries you generally 'get what you pay for'.

You can probably expect conveyancing services that offer lower prices will focus on volume transactions, which may also mean that they are unable/unwilling to invest the time or attention in individual clients. More clients, less time for each client. Volume transactions focus on internal processes rather than the client, and while that may be acceptable to some clients, it may not be suitable especially if you are a first home buyer. On the other hand, conveyancing services are more focused on client service may be a little more expensive, generally because they intend/expect to be spending more time and giving more attention to each client. Less clients, but more time for each client.

First Home Buyer's Decision

Unfortunately, the saying 'you get what you pay for' often holds true. As a first home buyer, you need to decide for yourself what is more important to you, price or service. Make sure that the services offered meet your specific needs and expectations. If you shop around enough, you will also realise that the difference between the 'cheapest' and the 'most expensive' service provider is not really that much. The overall cost of any conveyancing service is actually just a small fraction of the purchase price of your home, the overall cost of the transaction, and insignificant in comparison to the legal and financial consequences of doing it yourself and getting it wrong. Leaving your conveyancing in the hands of a professional is all about peace of mind - and that is priceless.

At PHANG LEGAL, our experienced property lawyers are able to put your mind at ease and guide you through the conveyancing process from start to finish. We treat every client as though they are our only client. So if you require competitive fixed fee conveyancing services, including services specifically for First Home Buyers, then you must call us on +61 2 9687 8885 to discuss how we can best assist you or visit our website at www.phanglegal.com.au for more information regarding our practice.

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Ern Phang
Solicitor & Public Notary

PHANG LEGAL
www.phanglegal.com.au

About Phang Legal

Phang Legal is a progressive and dynamic law firm offering a different attitude to the practice of law and a different approach to the delivery of legal services. The firm continues to honour the traditions and standards of the legal profession, while remaining current and relevant to ever changing client requirements and expectations. Phang Legal provides cost effective and practical solutions across a wide range of practice areas including conveyancing and property law, corporate and commercial law, litigation and dispute resolution, wills and estates (elders law), legal aid and criminal law, and notary public services.

6/83 George Street, Parramatta NSW 2150 AU
PO Box 1375, Parramatta NSW 2124 AU
Telephone: +61 2 9687 8885
Facsimile: +61 2 9687 8883
Web: www.phanglegal.com.au