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Selling a House: Conveyancing

Conveyancing for selling a house

As we all know, Conveyancing, from the legal view, is the transfer of the ownership or legal title of any property from one party to another. And the agents that help up to make our conveyancing easier and less stressful are the solicitors and conveyancers.

The main target of this article is to make you know about the conveyancing of selling your house. If you already have decided to sell your house you have three options before you. You can do your own conveyancing, you can hire any online solicitor or you can contact any conveyancer. You can surely do your own conveyancing or can hide any online solicitor, which are the comparatively less costly options. You must check some conveyancing quote and find the best quotation for you house. This procedure will help you to find a better or perfect solicitor by your own. You must compare the fees and experience of the solicitors. And it is better to ask for a draft of the contact paper between you and your solicitor to avoid later complexities and disappointments.

After you have found your solicitor you need to make sure that you don’t have any mortgage on your house. Most of the houses, now-a-days, have mortgages on them. If, somehow, you still have the mortgage on your house, you may give the authorisation to the solicitor to take up the lending papers and prepare the contract for selling the house. If the complication is high the solicitor may charge you more and this process needs time. So it is better to give the solicitor the authority and give them some time.

While your solicitor prepares the contract papers, by then you must take all the legal papers and other important papers regarding your house in order. The papers of your property are very important to have in hand. Otherwise you may face some bitter complexities while dealing with the buyer of your property. After the completion of the preparation of the contract, your solicitor will show you the draft of the contract and you must approve them after going through it carefully. And as soon as your solicitor prepares the contract paper they search for a buyer or his solicitor to sell your property. And when the buyer accepts your offer the buyer or his solicitor has some certain work to do. They may want to see the proper and legal papers of your property. They will search for information of your property in the local authority office and land registry office. If there are no other complications and the buyer is willing to give the price that you have charged for your property’s legal title, there is an exchange of the contract between the solicitors.

In the completion day, both parties must be ready with the necessary documents, papers and the legal ownership title transfer papers and the money. Then the seller transfers the legal title to the buyer and the buyer handovers the money. There are some extra procedure waits for the buyer. The buyer must register the new house and other regulatory authority must be notified of the transfer of the legal ownership title. Thus the whole procedure ends and if there are not many complications the seller and buyer may experience a good and comfortable conveyancing process.

Housing conveyancing is one of the easiest conveyancing that one may face. There are less legal complications the seller can easily handle the workloads and the paper works that the DIY conveyancing of a house needs. If you have the energy and time to deal with bit workloads then you can do your own conveyancing.

Posted by on 17/09/2015 in Sale of property

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