Conveyancing Advice for Consumers
Are you trying to buy a new home but have no idea where to start or what to do? Maybe you’re trying to sell off your home but can’t find customers you want to sell it to. Either way, you need the services of a licensed conveyancer- and a lot of good advice. Have no fear, this article is here to help you out. It brings you 5 of the most important pieces of advice for those unfamiliar with the sale of property and gets you all set for the long process ahead of you.
- Understand the conveyancing process: Many people are intimidated by the word ‘conveyancing’. It is important that you understand the meaning of the word. Conveyancing simply means transferring the ownership of property from one person to another. A conveyancer is someone who helps someone buy or sell property and acts on the behalf of the buyer or seller. The conveyancing process mainly revolves around negotiating terms with the other party, drawing up contracts, performing surveys and property checks and making various payments on behalf of their clients. The actual conveyancing process varies from person to person as each property is different. Once you understand the process, things become much easier and you can be more involved with the buying or selling of your property.
- Choose the right conveyancer: The success of your sale largely depends on the skill and experience of your conveyancer. A competent conveyancer will understand how to fill out all the complex paperwork correctly and on time. They will have proper negotiation and communication skills that are necessary when dealing with buyers and sellers. Before hiring a conveyancer, one should specify their exact needs and explain everything clearly to the solicitor or conveyancer. While a conveyancer will be able to handle straightforward cases, a solicitor is required to deal with complicated cases with legal issues. Make sure you can contact your conveyancer at all times and ask them to keep you posted every step of the way. A good conveyancer can speed up the process and make things a lot less stressful for you.
- Spend your money carefully: Many people think conveyancing is extremely expensive, even though this not at all true. The costs of conveyancing vary from place to place and also depends on the property as well. Online conveyancing is an alternative that is becoming increasingly popular among customers. Getting your conveyancing done online is cheaper and faster than using traditional firms that charge high rates. Some people prefer using firms that offer a fixed price conveyancing or ones that have a ‘no sale-no fee’ clause. In these firms if the sale of the property fails to go through, the client will not have to pay the firm.
- Be patient: Conveyancing is a long and somewhat arduous process. Regular cases with no issues can take upto 8 weeks. There is no guarantee how long a specific transaction will take to complete. Complex cases can take even months to complete. Give your conveyancer some time and space to do his/her job. There may be several setbacks and issues that have to be resolved before the contacts can be exchanged. Be patient and wait for things to work out on their own.
- Do your part during the process: Read up on the conveyancing laws in your area and make sure you understand what you have to do. Listen to your conveyancer carefully and ask them if you have any questions. Fill up the forms carefully and correctly and follow all the instructions you are given. These things can help speed up the process and keep you busy during a stressful time.