Transfer of property is one of the most common phenomenon in the economy of this country. Property or land transfer is extensively done here. Land or property is deemed to be the capital assets in nature. You do not buy or sell property every other day. It is therefore important to know every bit of the transferring process of property or land. Property transfer accompanies many of the legal terms and conditions as it is a legal process in nature. The deed becomes a legal contract once agreed by both the parties involved. Property transfer can be selling or buying of your desired property or land. Selling and buying involves different aspect of contract, risks and opportunities. You can ask for professional help at any point of doing the conveyance of property or land. Conveyance is the term used instead of transfer for property or land. Here are few issues regarding conveyance, you should keep on mind:
Selling of Property or Land:
Selling of property or land means you got to find a customer who agrees to the price you have quoted. Now this needs to be appropriate from the aspect of the seller as well as the buyer. As a buyer, you need to assess the market price of land or property in your locality and make necessary renovation to the estate. You should always remember that, you can certainly raise the quotes by doing a little additional work from your side to gain satisfaction of your buyer. You can do that by conducting few surveys and renovations. You should also make sure the buyer faces no difficulty after buying the property or land and again, you do not meet any obstacle after selling one. Well, as a seller, you should also keep it on mind that it’s a win-win situation for you.
In case you fail to conduct the few additional work, you can contact a property conveyancer for your convenience. Conveyancers are the professional ones facilitating the buying and selling of property or land. And remember, while selling; always make sure you prepare the deed adding the entire clause in your favor.
Buying Property or Land:
Buying property or land is quite a tough job to do. You have to be conscious of the buying quotes you place. Again, you have to consider the locality where you are buying the property in. often, the sellers are not honest and it costs you a huge disbursement due to the negligence. Buying property or land requires careful decision making and proper involvement. You should also check on the period of lease of the property on sale. If the property does not have a minimum of 60 years, never buy it. If possible ask the owner to extend the lease period before buying it.
If in any case you feel like you are being pressurised, feel free to contact a conveyancer to facilitate your buying or the property or land.
While choosing a conveyancer, pay attention to the way of his charging you for the conveyance. Make sure you are well informed of the entire process of his charging you. You can certainly negotiate in terms of the way of being charged. The conveyancers can charge on the basis of hour, month or quotes. Either way it will accompany other sub-heads of charges and you should all know beforehand. Make sure you have it all written in a form of a contract and pay close attention to each of the clauses added by the conveyancer. You should consider advices of the dear ones while choosing your conveyancer.