Understanding the Work of a Conveyancing Solicitor
In the world of law, conveyancing is simply the transfer of a legal title of any real estate property from one owner to another. The concept is relatively straightforward, though there are complications involved. When you decide to buy or sell property, a conveyancer will need to be hired who will ensure that the title of the property can be transferred smoothly. There are a series of different laws that govern the sale of land, and it all depends on the jurisdiction in which the land is based.
Understanding the work of a conveyancing solicitor is very important for someone who is venturing into real estate investments, because you will be transferring quite a few properties on your name, or from your name to another’s. Many people are under the impression that solicitors who specialise in conveyancing are usually involved in the paperwork only. However, they do quite a bit more than just bring the paperwork in order.
What Services Do They Offer?
The main role of a solicitor is to ensure that the transaction of the sale or purchase of real estate goes through smoothly. They will take care of all the small details, allowing you to focus on the big picture. It’s one of the reasons why so many real estate investors have a team of lawyers and solicitors with them. They are going to work out what’s included in the property and what’s excluded, as well as conducting searches locally. They also connect directly with the buyer or the seller to decide on a completion date. Simply put, they keep the process going and will regularly update you with any changes.
If you are a seller, the conveyancer will first ask you for the deeds to the property. If you own the property, you will probably have the deed with you. A property information form will have to be filled out as well, which includes everything that will be mentioned within the draft contract.
If you are the buyer, your solicitor is going to work directly with your mortgage lender, or if you are paying in full for the house upfront, they will take care of all the problems and draw up the legal paperwork needed to complete the sale.
Why Hire One?
There are a number of reasons why you should consider hiring a solicitor who specialises in conveyancing. First and foremost, they will make sure that the transaction goes through smoothly. They have the skills and licenses to ensure that there are no illegal terms within the contract. On top of that, they will ensure that all the paperwork is completed and submitted on time.