Conveyancing is simply the process where a seller transfers ownership of a property, which can be a piece of land or house, to a buyer. To help facilitate this process, you are recommended to use a conveyancer or a conveyancing solicitor. There is a difference between these two specialists.
A conveyance can assist you with the transfer of ownership, but if there are legal matters like disputes surrounding the property of concern, which need to be taken to court, they cannot represent you in a court of law. A conveyancing solicitor offers the same services a conveyancer does, but can also represent you in a court of law.
1. Where Do You Start?
If you are a buyer in the market for a piece of land or house, you first need to find the property you want to purchase. After inspecting it and finding out that it is what you need, contact a conveyancing solicitor or conveyancer. Inform them that you are interested in purchasing a particular property and need their conveyancing services. Of course, you might be asked various questions and be given information about how the conveyancing process is carried out. It is normal for you to be asked for initial payment for the conveyancing services.
2. What Does the Conveyancing Solicitor Do?
They may request a draft contract from the seller, who might also be represented by a conveyancing solicitor. Other relevant documents may also be requested from the seller. You should know that the conveyancing process can take place between the seller's conveyancing solicitor and your conveyancer without you being present. You can opt to be consulted if signatures or confirmations are required and if you need to be updated.
Once your conveyancer has these documents, they'll sit down with you to discuss them so that you fully understand what they mean and what you are buying. If you like the terms, your conveyancer then researches or investigates the property you intend to purchase to find out whether there may be any problem in the future. Such problems can be natural calamities like floods and earthquakes or man-made problems like land ownership problems. If they don't find any problems, the conveyancer gives an okay for purchase.
3. What Is the Payment Proces?
During the first meeting, you might have discussed your mode of payment with the conveyancer (you might either be paying the whole amount by cheque, cash, taking a loan or paying in instalment). When everything checks out, you are guided on how to make payments safely and how the transfer of ownership will be legally and officially complete.