How Property Law can Save You Money

How Property Law can Save You Money

There is a great deal to know about property law and what makes it more difficult is that it changes in some way for each state. So if, for instance, you decide to buy a home without consulting a commercial lawyer, you could well do your research from a website that is not in your state unless you are very careful.

Buying and selling real estate is a legal process. There are contracts that need to be drawn up and the wording of them is extremely important, especially in cases that are not cut and dried. While some people feel that all they need is a conveyancer to help them finish the process, it is possible that they are leaving themselves open to fraud, or to loss of some kind that they didn’t expect. And there are many ways by which you can lose money.

For instance, a person purchases a block of ground in a country town, with the intention of building a home on it. They connect the power and water to a shed they built first, then find out that the council won’t allow a septic system in the house because the block is too small. The only toilet they can have is an enviro-toilet, but they don’t like that kind – and neither do any of the other buyers who come to inspect the block.

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