Conveyancing is a method that is employed when the ownership of
property is transferred from one individual to the other. The conveyance
itself is the deed or the legal document that stands as the proof of
the transfer of property from the buyer to the seller. The entire
process can turn out to be quite complicated and it’s safe to consult a
solicitor before the final transfer of the property is done. You can
also carry out the process all by yourself- but that isn’t advisable as
there are chances of major loopholes triggering problems for the future.
Seeking legal help in these cases, on the other hand, would mean that
the transfer of property from the buyer to the seller is error-free
whereby neither the seller nor the buyer would have any complaints
regarding price or past/present or possible disputes in property etc.
During the time of conveyancing property, both the seller and the buyer
hire respective solicitors on their own in a bid to ensure fair
transfer of the property. The legal process generally ensues when the
purchase agreement is signed followed by the deposition of 10% of the
purchase price. Here, the buyer offers the contract after paying the
deposit and the seller through his solicitor checks the entire offer. If
he is not fine with the entire contract then he can make amendments and
present them in the form of counter-offer. The buyer then would be
given a few days to consider the counter offer and finalize terms. The
finalization can take longer than expected as both the seller and the
buyer would only want the deal to be full proof.
The services of a solicitor might also be required when:
The primary functions of a property conveyancing lawyer range from
contract preparation to the settlement of procedure. Here is a rundown
of his services:
There are a number of property conveyancing solicitors offering
services in your area. But it is important to keep a few factors in view
before choosing them: