What Is Conveyancing?

Buying property has its challenges, especially when you do not know what is required. That is why conveyancing is recommended—conveyancing is the process of transferring property ownership (a piece of land or a building) from a seller to a buyer. It is a process that is facilitated by a conveyancer or conveyancing solicitor at a fee. The fee is calculated as a percentage of the price of the property of concern. Here is what you need to know about conveyancing, conveyancers and conveyancing solicitors.

The Difference Between Conveyancers and Conveyancing Solicitors

Conveyancers help with the transfer of ownership of a property, but if any legal issues require representation in a courtroom, they may not be in a position to help you. You might need a lawyer who specialises in conveyancing issues.

Conveyancing solicitors are lawyers who are equipped with the skills of a conveyancer. However, if you encounter legal issues that require representation in a courtroom, they can help.

How Do Conveyancers or Conveyancing Solicitors Help You?

Generally, conveyancers and conveyancing solicitors facilitate the transfer of ownership of a property by ensuring that all legal requirements concerning property transfer are followed. They also act as intermediaries between buyers and sellers. 

As a buyer

Once you identify the property you want to purchase, notify your conveyancer. He or she will discuss various things with you, for example, fees, the conveyancing process, how you intend to purchase the property and whether you might require to take a loan. After the discussion and when you are in unison, the conveyancer will research the property.

This research aims at finding out and confirming the true owner of the property, checking whether the property has issues (legal and structural) and determining whether any natural or artificial factors might affect the property at the time of purchase and in the future.

You are presented with the results of the findings and advised on the choices you should make. If you have questions that you need to ask the seller, communicate them to your conveyancer, who relays them to the seller's conveyancer.

As a seller

You might need a conveyancer to ensure that the sale of your property is successful and stress-free. The conveyancer ensures you deal with genuine buyers and get full payment without delays. The conveyancer can also act on your behalf, meaning that you won't get distracted or pulled out of your work schedule unless it is necessary. 

For more information about conveyancing, contact a law firm today.


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