Importance of the Settlement Agent in The Entire Process - PowerPoint PPT Presentation

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Importance of the Settlement Agent in The Entire Process

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  1. Importance of the Settlement Agent in The Entire Process Numerous firms have developed in Perth that provides settlement during the property buy/sale. As everyone knows real estate transactions are not an easy deal and at the end you might be welcomed by a malicious surprise. To be on a safer side it is mandatory to hire a settlement agent. If you are unaware of the term “settlement agent”, those are the professionals are who are well qualified and licensed to provide with settlement to their patron during the buy/sale of the property. If you are an investor, you would definitely know the importance of the settlement in process, but if you are a first time buyer/seller you would unquestionably want to get out of the process without a glitch. Also, settlement agents are required by both of the parties, but many of them work on behalf of both of the parties. Always make sure that the settlement agent works on your behalf to avoid any clash of concern later on. The process involves lots of money too, so you don’t want to mess up all, by doing it all on your own. Settlement agent fees shouldn’t be too high, so to keep a track you should inquire about the service and the fees of the settlement agent to couple of firms and then decide on which firm to go for. Your entire decision shouldn’t be based on the fees of the settlement agent. The experience and the quality of service the settlement agent provides should also be checked. There are various means available that can guide you directly or indirectly to hire the best settlement agent for you property. Also, track should be checked for their affiliation with any of the real estate agents. Affiliation with the real estate agents would increase the fees at the end and it has many drawbacks so individual Conveyancing firm should only be chosen for the entire service of settlement. So, the ultimate decision of a hiring a settlement agent can only be made by interviewing and contacting several firms to arrive on one decision for your property.