If you’re buying, selling or mortgaging your property for the first time, then it might become a bit difficult for you to understand the entire process and carry out the transaction yourself. Property dealing is a complex issue and there are chances of the buyer (mostly) getting duped if all the deeds and contracts are not scrutinized properly. The entire conveyancing process remains difficult to be fathomed by laymen, especially if you’re purchasing a property for the first time. So the obvious next step that you would take in this regard is to consult a property lawyer or solicitor.
The lawyer advices you from scratch. He studies the property deeds for you in order to identify whether there is any kind of dispute (in relation to ownership, condition etc) in the property or not and can thus influence your purchasing decision accordingly. Similarly, he would also scrutinize the contract or agreement papers, so as to ensure that they are in order, and that you won’t be in trouble in future. Here is a glimpse of how the conveyancing process works:
A Brief Look at the Steps Involved in Conveyancing
- As already mentioned above, you turn to a solicitor when you’re diffident about ensuring a smooth transaction. At first your conveyancor would put together the terms of engagement or the draft contract for you, spelling out the deposits and charges that would be required. Your solicitor or attorney would now request the seller’s solicitor to provide him with a draft contract, standard forms or other details.
- The legal process would include your solicitor examining the draft contract in detail and ask questions regarding the terms and conditions to the seller’s solicitor. Questions would generally be posed whenever your solicitor is struck by doubts. The lawyer’s primary function would be to ensure that you as a buyer do not encounter any trouble in the future. You would also be given the draft so that you yourself can pose your queries as well.
- The property search itself is a long drawn phenomenon as it is not easy to gauge the condition of the property just by the look of it. Checking the Title Plan, flood risks, local authority searches, repair searches are all an important part of the entire property search. Each of these searches might end up taking days to weeks depending upon the complexities involved with each of them.
If you’re looking for property conveyancing agents or solicitors you can start an online research today in order to find out about the leading property lawyers in the market, the conveyancing quotes, the reputation enjoyed by each of the attorneys etc. Take the trouble to educate yourself more about property deals as well.
Kirti S is a web enthusiast and a writer. Kirti has afforded his articles and write-ups autonomously and through various online forums.
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