Buying a foreclosure property can be a bittersweet experience. You may have stumbled upon a sweet deal, but there's the reality that someone had to be evicted for lack of payment from the same property. Foreclosure homes may give you the opportunity to purchase at a competitive rate, but they do come with additional legwork. For example, the title to the property may be in question, or the home may need work before you actually move in.
If you've been surprised and disappointed by how a loved one's assets have been taken care of following their death, then you may have legal recourse. The Australian legal system in this case is quite liberal when it comes to how people can allocate beneficiaries, together with any amount they may receive. What are the situations when a potential beneficiary can challenge a will?
Is It Valid?
Firstly, it may be possible to dispute that a will is actually valid.
Property auctions often seem like an affordable route to home ownership. This is because an auction will give you greater control over the price that you end up paying for a new home.
However, the final bidding price for an auctioned lot often doesn't reflect the final cost of buying a home from the auctioneers. Various risks associated with the acquisition of auctioned property can affect the perceived affordability of your property investment.
When you're buying a piece of property, you know to have it properly appraised and inspected so you understand the real condition and value of that property. Once you've decided that it's the right choice for you, it's good to then hire a conveyancer. This is a person who protects your rights and interests during the buying process in a number of ways. Note why a buyer should consider hiring a conveyancer when buying property and how their services can benefit you.