Having your own land is very useful. You can build anything on top of it; whether it is a house, a store, a parking lot, pretty much anything. And the property on your land also yours obviously, so you can do anything with it. Although you have to pay for everything yourself, it’s a pretty great decision in the long run as you only have to pay for the bills that your property uses, as lodging at an establishment requires payment, for apartments is every month, for a full house is usually between a year and 25 years, and for condos it may vary.
But the rent that you have to pay for these establishments is usually expensive and you will need to follow their rules, some even getting you to pay for your own electricity water, or phone bills. So having your own land is pretty great, but there will come a time where you’re pretty much an inch away from broke, so since your land was pretty expensive to begin with when you bought it, so selling it is a pretty good way to get your financial status stable. Although you will need to rent at one of those establishments mentioned earlier, you could always stay at a friend’s or relative’s house until you can get you own house.
However, selling land is different from other goods for sale, like the many paperwork and payments you did to buy the land in the first place; it takes a lot to sell it to someone. You would need someone to take care of all the paperwork, contracts, deal with the Land Registry, and transfer the funds to pay for your property. A solicitor or conveyance is the person that will do this as his/her job, and the process is called conveyance solicitors.
• Conveyancing is the legal term for legally transferring the ownership of a property, like when someone sells or buys his/her land to/from someone else. Something like this is needed because the concept of ownership of land used to be pretty confusing, so a system was made that required payments and contracts in order for someone to own a piece of land. As such this would also be needed when someone wants to buy or sell their land.
• The conveyancing solicitors Brisbane that do this process also give legal advice, and they also charge differently, have up to three different ways they can charge: a fixed fee, a percentage of the property price, or an hourly rate. Once the person buys a piece of land, the person who bought and sold the piece of land still need to pay the legal fees, but the person who sold the piece of land is under no obligation to pay.
Still, selling your land once you’re almost broke is a good way to earn some money, and you will stop worrying about the payments for your land, since after the paperwork and contracts, it’s not yours anymore and the buyer is the one who will pay the fees for the land.