How I Make Property Titles Easy with Colour and Videos – First Home Buyers Get It Fast. Picasso Couldn’t Do It Better!

Watch our easy-to-understand title review video (click here)

Read our title review example (click here)

Mortgage Broker on the Beach is a weekly newsletter providing Mortgage Brokers with step-by-step solutions for their clients’ common house-buying problems.?

Never let a client interrupt your weekend again!

Newsletter Read Time: 3 Mins

Title Review Read Time: 3 Mins

Title Review Video Time: 4 Mins

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PROBLEM

Step 1: Records of Title are Black and White and Hard to Understand

For something that often costs $1M to own, a record of title is visually unappealing and difficult to understand.?

?Titles look like a mediocre treasure map; they use legal jargon and often your lawyer will say “It’s a cross-lease so be careful” or “It’s a fee simple so there are no issues”.

?Front Page of a Title - Example

Survey Plan - Second Page of a Title - Example

Gambling with Your Purchase

If you do not understand your title and the interests that are registered on it, then you have spent your life savings on an unknown gamble:

Daily Keno / Big Wednesday / Warriors to Win the Grand Final.

Do not leave this to chance!

Most Lawyers vs HouseMe Legal

Most lawyers charge hourly to review a record of title and every interest on the title.?

At HouseMe Legal, we include this in our fixed fee. Even new-build properties that have 20 interests registered on them!

We produce title reviews that would make Picasso proud.?

Watch Our Video Example

Watch our easy-to-understand title review video - click here.

RISK

Step 2: Why it’s important to understand your title and all the interests that are registered on it

The following interests will impact a purchaser’s use and enjoyment of their title - we have listed these from least impactful to most impactful:

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• Easement: An easement provides you with a right to use someone’s property for a certain purpose.
• Covenant: A promise to do something or not do something.
• Encumbrance: A mortgage that secures obligations and repayments (even a standard mortgage is technically an encumbrance).
• Caveat: A caveat prevents you from registering any interests on your title (including a mortgage or transfer) and even prevents you from selling your home.

CONTEXT

Step 3: Why a written summary from a lawyer delivers poor results for purchasers

When you receive a written summary from a lawyer, even an experienced property investor will get a migraine trying to figure out what each interest means and how it impacts their use of the property.

Imagine what is like for a first-home buyer with no experience!?

Paper is Never Enough

On paper, it is difficult to visualise how an easement works. That’s why it’s better to think like an artist.

SOLUTION

For every purchase, we will transform the record of title into a table format that makes it easy to read.

HouseMe Legal's Example

Click here to see our example.?

Click here to see our video.

How I Make the Easement Easy to Understand in Our Example

In our example, we detail an easement interest covering:

• Right of Way: A mutual right of way easement over a shared driveway.
• Support: An easement for eaves support.
• Utilities: Utility easements for each property.

Our Title Reviews Always Look Good... and We Know It

In our title review tables, we will have the following:

• Colour.
• Pictures.
• Links to each interest.
• Short summaries.
• Video.

Why Presenting Like Picasso Helps Our Purchasers

At HouseMe Legal, we pride ourselves on educating our purchasers using modern technology.

Our example was for a relatively simple fee simple title, but it was important for the purchaser to understand the easements on their title—they were receiving the benefit of some over their neighbour’s property, and their neighbour had certain rights over theirs.

No one likes surprises - especially when Gary from over the fence starts walking down your driveway to take advantage of his easement!

Benefits of Using Video

The best thing about using video is purchasers can:

• Watch the video in their own time.
• Re-watch the video.
• Watch the video again with their partner/family.

One less meeting / Zoom for everyone!?

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Do Not Leave Your Purchase to Chance

Understanding your title is no longer a gamble – with our help, it's a clear and colorful masterpiece.?

TL; DR - Too long; Didn’t read.

• 1. Confusing: Records of title are confusing documents to read.
• 2. Price: Purchasers worry about the price of reviewing extra documents. We will review everything within our fixed fee.?
• 3. Knowledge: If our purchaser cannot explain what they have bought, then we have failed.
• 4. Fixed Fee: Ask for a fixed fee from your lawyer to review your title and all the interests. They probably won't give you one (sigh)... but we will.??
• 5. Technology and Color: After our Picasso-like 4min video, even the freshest first-time home buyers will know what they are buying.

Warning. This newsletter is not independent legal advice and you should consult with your own lawyer about entering into any sale and purchase agreement.