Why are Conveyancing Solicitors a Must and Not a Maybe
Besides a good mortgage plan and the property of your dreams, another key factor in buying or selling a house is the services of a conveyancing solicitor to handle all the legal transfer of ownership. You don’t have to be a first-time buyer, or someone who has never sold a house before as many people out there have no idea what these solicitors do. We are here to explain what Conveyancing is and what the Solicitors related; all are about.
The Vital Role of Conveyancing Solicitors
In a nutshell, conveyancing is a legal part of selling or buying a house. Transferring ownership can bring many legal issues and therefore must come with the right representation. It mainly involves the contracts and ensures there are no legal hiccups during the ownership transfer stage.
Who Needs Conveyancing Experts?
You can be someone who has sold many houses or one who has bought numerous properties over the years, conveyancing can be a challenging and intimidating experience as there are so many legal complications that even the smallest mistake or misjudgement could lead to an unexpected legal issue down the line. The conveyancing solicitor will guide you along the way as they are familiar with the process and know what to look for.
What Does A Conveyancing Solicitor Do?
The main role of the conveyancing solicitor is to finalise the legal transfer of the property from the seller to the buyer, and this will include:
* Managing all contracts and paperwork
* Negotiating the price of the property and terms or conditions
* Transferring funds and registering the new ownership
Breaking Down the Conveyancing Journey
The conveyancing process has three main stages, pre-exchange, pre-completion and post-completion. In the first stage, the solicitor reviews the paperwork, conducts property searches, receives a mortgage offer and handles all negotiations before the actual contract exchange. The pre-completion covers everything after the contract exchange. The solicitor conducts the remaining checks and transfers funds. The final stage, the post-completion is when the sale is finalised, the keys to the property are handed over and the solicitor registers the new ownership.
To Sum Things Up
Conveyancing solicitors play a crucial part in facilitating property transactions. Having one fades out any risks and headaches for buyers and sellers alike and having the right legal support is non-negotiable. Without a trustworthy conveyancing partner, you could be taking one of the biggest risks related to one of the biggest investments of your life.