When purchasing a house for the first time, you might still be in the dark about the whole conveyancing process. This involves the legal transfer of ownership from the seller to the buyer. It begins as soon as your offer for the house is accepted and finishes when you finally receive the keys.
It is important to understand this process thoroughly to ensure that your transaction goes smoothly and avoid stressful disputes.
Finding a Solicitor
Conveyancing can be a tedious and complicated process, and many people opt to hire a solicitor instead. The solicitor or conveyancer will take care of communicating with the sellers solicitor, drafting contracts, and filing forms and other details.
These days, more buyers turn to online e-conveyancing services from companies like The Conveyancing Network, as they provide better quotes than the estate agents endorsed solicitor.
Doing the Legal Work
The solicitor will guide you through all the legal work and answer your concerns. He or she will make sure that you are aware of all the factors involved in the property you are buying.
Some of these include validating the title plan and register at the Land Registry, getting information on flood risk, and other specific searches depending on the location.
Signing the Contracts
You have been in correspondence with your conveyancer throughout the whole process, and it is time to wrap things up.
But before signing the contracts, your solicitor needs to make sure that you are satisfied with the agreement, all the details in the property are what you expected, and a completion date has been made between you and the seller.
The conveyancing process does not have to be such a daunting task once you have the right professional to help you with every step. Once all the paperwork is complete, you are finally free to enjoy your new home.