The Conveyancing Process For Home Buyers
Buying a home is an exciting thing. It feels great having a piece of property that is your own. You can paint it any color you want and you don’t have to answer to your landlord anymore. If you are getting ready to buy a home, it is important to be familiar with the conveyancing process. Read on to learn more about the conveyancing process.
Property conveyancing is the legal transfer of the home from the seller to the buyer. This is a complicated legal process that begins as soon as you put an offer on the house that is accepted. The process is finished once you get the keys.
Property conveyancing is always done by a solicitor. You appoint a solicitor to have them do the conveyancing for you. Try to find your own solicitor instead of relying on the recommendation from your realtor. This will save you money and give you a lower price.
Be sure to shop around for a good solicitor. Get plenty of quotes and find the best deal for your situation. Once you have a solicitor in place, they will write up an engagement contract with you and let you know how much their fees are going to be.
Once you have retained a solicitor, they will contact the seller’s solicitor and get a copy of the contract, title and all the standard forms that have to be filled out. Transferring property is a complicated procedure and everything has to be done the right way so there aren’t any problems down the road. You don’t want to have issues later because the paperwork wasn’t filled out correctly.
Your solicitor will go over all the papers and make sure everything is correct. You can also ask the solicitor any questions you have about the property or let him know about any concerns you have.
The solicitor will do a legal property search to make sure there is nothing going on that you need to know about like problems with the title, chemical spills, or even plans to build something on your property at some point. Your solicitor will also let you know about flood and other risks.
Don’t even think about buying a home without using a solicitor. The conveyancing process is extremely complex and it is important that everything be done the right way to ensure that things go well.
Read more: The Work of Conveyancing in Australia…