Are you thinking about selling or purchasing a property? A licensed conveyancer may be just what you need to make your transaction run as smoothly as possible. Our blog is here to help you understand what conveyancer does, and why you might need to hire one for your property. To find out more, keep on reading.
What Is A Conveyancer?
A conveyancer is a legal professional who will help you with the legal documentation and overall transaction when buying or selling a property. Their specialist skills and industry knowledge will be extremely useful during these transactions. They can make property purchases and sales more efficient for both sellers and buyers.
Property Purchase
When purchasing a property, a conveyancer usually has these responsibilities:
- Checking the proof of funds and completing ID checks, as well as the history of the property’s ownership.
- Decide which searches are necessary for the property, including risk assessments and potential future developments that impact the property.
- Review any information provided by the seller’s solicitor.
- Check mortgage offers to ensure they are legally sound.
- Work with other professionals to establish a completion date.
- Prepare formal and necessary documents involved in the buying process.
- Register the change of ownership and alert the buyer of necessary taxes that need to be paid.
Property Sale
During a property sale, a conveyancer is often used to:
- Create a pack of all the necessary documents needed to sell the property.
- Liaise with the legal professional appointed by whoever is buying the house, to answer any questions.
- Organise any transfer documents or contracts that the seller needs to sign.
- Liaise with third parties (landlords, management companies) to ensure all bases are covered.
- Manage the completion date of the sale.
- Arrange the transfer of funds for the sale.
Do I Need A Conveyancer?
If you’re taking out a mortgage to purchase a property, a legal professional is needed to complete the purchase process legally. However, if you are a cash buyer, it is not a legal requirement. If you’re selling a property, it’s also not a legal requirement to hire a solicitor, but it can make the process easier.
Legal professionals are able to take care of all processes with care and ensure they are completed correctly. This helps to minimise risks, protecting both sellers and buyers. If you are considering hiring a licensed conveyancer, getting them in as early as possible will help you ensure that the transaction is successful!
Richard & Lewis: The Best Conveyancing Solicitors
If you’re looking for ‘conveyancing solicitors near me’, our team has the best conveyancing solicitors in South Wales. For more information about our conveyancing solicitors, feel free to check out our website. Alternatively, you can get in touch with us today for further enquiries.
