Conveyancing: Transfer the Burden
July 12, 2018
We all know how difficult it is to sell a house or a property and on top of that the transfer of property’s titles, preparation of documents, registration, etc. The to-do list never ends that is why it is a wise decision to hire a solicitor for conveyancing.
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Conveyancing is a process of transferring property’s title from one person to another. It involves preparation of documents and dealing with the other compliance requirements relating to this branch of law. Conveyancing is not a simple buy-sell transaction it involves different parties relevant to both the buyer and the seller like the bank, insurance company, funds agents, local authorities, body corporate, neighbors and others who have a list of formalities and requirements that need to be met. It is best to hire a solicitor who will take care of all the formalities for you and wash away your worries associated with selling a property.
Their work actually depends upon how complex your transaction is. It ranges from making the transfer of property legal to making the transfer of property easier. Solicitors have in-depth knowledge, specialized skill and years of experience in dealing with property law and can make this a hassle-free process. One of the things about doing all the formalities and fulfilling all requirements by yourself can be that you might miss a loophole at the beginning because of not being well-versed with the law and later it can turn into a dispute or even legally bind you to something you did not agree to or even breach of a contract. Because conveyancing also defines the terms and conditions and restrictions the seller will put on the buyer. That is why it is recommended to get a solicitor for your conveyancing who will come up with good solutions that might even get you a better price for your property or help you get better terms on your mortgage.
These are some reasons why you should hire a solicitor for your Conveyancing:
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| Conveyancing |
- Knowledge: Conveyancing involves some complex aspects and verses of law which a layman will not be able to interpret yet understand. A solicitor will have in-depth knowledge, specialized skills and years of experience in this field. It is crucial because it is a legally binding contract between two parties and once you are bound by it, it is very difficult to change the terms and conditions. Another advantage of hiring a solicitor is that the law is constantly changing and getting amended and as a layman it is impossible for us to keep up with the changes. A solicitor is always up to date with the changes and amendments to the law.
- Specialization: A lawyer will have a major or a specialization or practical legal training in property and contract law, tax, equity and deceased states. As conveyancing can be a complex transaction like dealing with deceased states or making the property legal having a solicitor on your side will be extremely helpful.
- Value for money: As soon as you put up your property for sale a solicitor will guide you every step of the way. From legal advice to giving attention to details to preparing documents to financial adjustments to handling settlements a solicitor will do it all for you. It might cost you a little extra, but it will buy you a peace of mind knowing you are in safe hands.
- Protection: Your solicitor will make sure the contract which is drawn up is not going to have loopholes or backfire later. He will make sure you are protected against any breach of contract or punitive damages in the future.
So, buy yourself some peace of mind and hire a solicitor for your conveyancing!
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