When you are buying or selling a property, you may need the help of a legal expert. A Conveyancing Lawyer offers guidance in the process of transferring a property.
But what exactly is conveyancing? And what do Conveyancing Lawyers do? These are things you should know if you’re about to embark on property buying and selling transaction. Read on for the answers you need.
What is Conveyancing?
Conveyancing is the transferring of the ownership on a title of land. The transfer can be between individuals or businesses. A conveyancing solicitor will guide you through the process to ensure the transaction is straightforward and done by the book.
Your solicitor will see to it that you meet your financial and legal obligations and they will make sure all timelines are met. They will assist with negotiations. They will help you understand the legal jargon making the process as simple and stress free as possible.
Here are some examples of the specific duties a conveyancing solicitor may perform.
Your solicitor will serve as the go-between for all involved parties including the following:
- Banks and lending institutions
- Home and building inspectors
- Buyers and sellers
- Government agencies
- Real estate agents
Filling out documents can be time consuming and it’s easy to make errors. A conveyancing solicitor will assist with documentation ensuring all paperwork is filled out correctly and returned in a timely manner.
Your solicitor will assist in negotiating contracts. He or she will translate the legal jargon to make sure you understand the terms. They will go through contracts to verify all terms are fair.
There are several preconditions that typically need to be met before a sale goes through. These include:
- Building inspections
- Finance approvals
- Special conditions to the contract
Your solicitor will advise you of any preconditions that are in place and they will see to it that everyone involved fulfills their obligation.
The settlement is the date when the transfer of property takes place. A Conveyancing solicitor facilitates the settlement by coordinating the attendance of the financiers and other solicitors involved.
If you are a buyer, your solicitor will ensure the adjusted price is paid at settlement. If you are a seller, your solicitor will work with your mortgage company and the buyer’s solicitor to ensure the mortgage is properly discharged.
The property transfer is the final step of the process. A conveyancing solicitor will ensure the transfer is done properly so that the buyer becomes the property’s registered owner.
LinkLaw is the Best Choice for your Property Transfer
If you are looking for a conveyancing solicitor to assist with your property transfer, the Linklaw team is recommended.
Linklaw has years of experience in the field of Real Estate law. We provide timely assistance and useful advice to buyers and sellers in need of guidance. We are professional, knowledgeable and affordable.
Don’t stress over your property transfer. Call Linklaw to schedule a free consultation. We will make sure your buying or selling experience is handled as smoothly as possible.