A property conveyance is the heart and soul of property transaction. Conveyance is a not a simple process of buying a house and paying for it. There is a lot more involved to validate the transaction legally. Most of the issues involved in conveyance are legal rather than financial. Buyers who get into conveyance usually have an inkling of how to pay for their property of choice. The only remaining question on their minds is how that sale should be carried out. This is where conveyancers come. Unfortunately, there are still people who still ask what does a property conveyancer do to help. If you try getting into property transaction by yourself, you will know exactly how difficult it can be to bear and how a solicitor can make it way easier.
Mediate the transaction
Solicitors are the mediators between buyers and sellers. Buyers and sellers do not communicate much during conveyance. They rely on their solicitors to provide them with the information they will need in every step of conveyance. The reason buyers and sellers never negotiate by themselves is the complexity of issues that need legal knowledge during conveyance. The hardest time for these two parties is the time from the beginning of conveyance till completion of conveyancing.
If a client is obtaining a mortgage, property conveyancers also can mediate between the lenders and the client for faster mortgage processing.
Make and analyse agreements
Buyers and sellers must come into a proper mutual agreement. They must go through every item in the contract to ensure that a final draft is satisfactory to both of them. They need to make sure that neither of them has included in the contract or clause that could harm the other party. Real estate buyers and sellers are just like any other buyers and sellers. Each one of them wants to get the best deal out of conveyance. A smart buyer or seller can write a cryptic but highly damaging clause. This is what solicitors prevent. Taking advantage of another party to conveyance can lead to serious disputes, and court cases after the property is sold. Solicitors as well as other real estate regulatory bodies are very afraid of these discussions. The best way to prevent them is by having an experienced property transaction mediator oversee conveyance.
Conveyance involves a lot of the investigation. Many documents must be recovered and filed appropriately. A buyer cannot know for sure that the seller is indeed the owner of the property. An inexperienced individual may fail to recognise false documents. He must confirm property ownership lest he gets into ownership disputes after paying money to the wrong person. Property ownership research is one of the many types of research that a solicitor will do during conveyance. It is actually the first research he will undertake. The solicitor will go to the Land Registry and check their records. He will then recover a Title Deed that will prove beyond reasonable doubt the owner of the property is indeed the seller. This research is easier when the Land Registry registers the property. Even ownership of unregistered properties must be fully verified.
Other researches that are conducted by conveyancers include water and sewerage research, mining research and environmental research. It is when a solicitor is satisfied with the validity of the property that a buyer can safely pay his money to a seller. Till then, the solicitor must be part and parcel of your conveyancing exercise.