No matter whether you are selling or buying a property, you need to go for the conveyancing done. If you are unaware of the term, then you must know that it is referring to the process of transferring the title of the property. So, it involves lots of legal issues in it. Since, it is done legally; you need to have some expert to guide you throughout, right? You need to hire a conveyancer.
Now, that is the issue where all of you get scared, because it involves you into dealing with a good amount of money that you think to be unnecessary. However, you must clear your viewpoint, because hiring a conveyancer is not a financial burden but help you come out of the troubles related to the complicated process. You get to relax and they work on your behalf and instead you pay them to compensate their labour. If you have no idea, then look up here to know how they help you.
Searches by the Conveyancer
To ensure that the property you are investing upon, some searches like mining search, local authority search, etc. are performed. This helps you know whether the property is flawless or not. This is all done by them.
Exchange of contracts
Pre-exchange of contracts
Before you go for exchanging the final contracts, you need to come up with the issue raised by the investigation, if any. If you think there are some matters to be discussed first, do not hesitate to bring it on.
Go through the contract properly and then go for signing it to return it to the conveyancer, so that he can pass it again to the other party. However, this is not the final binding contract, but if you agree with all the issues rose in it and return it to the other party, then it is taken as the final one.
Fittings and fixtures and forms of contents
At this stage, you need to go through the documents of fittings and fixtures and contents and sign it if you find everything is correctly done.
Transferring the deed
You need to transfer the legal ownership of the property once you complete with all other stuffs. If you are satisfied, then go for signing the deed. In fact, they help in cheap transfer of equity quotes.
Deed of mortgage
The deed of mortgage is the actual documents that you need to sign in the presence of a witness. Once it is signed, you get the security of loan on the property that you want to buy.
Statement of completion
This document is to show, how much balance you need to pay to complete the process of purchase. It also includes a stamp duty that you need to pay.
Then, you just sign it on the date of completion and the agreement of property is exchanged. From then, you become get the responsibility of the property if you are buying it or leave the responsibility if you are selling it.
Do you think all these complicated jobs if not performed properly; it will not indulge you into difficulties? Well, certainly it will. Therefore, do not hesitate to hire a conveyancer, keep it in mind that you are paying them for your own benefits and nothing else. Stay happy and live a financially stable life by making right decision on the right time.
By Boris Dzhingarov – Follow him on Google+