Buying and selling of property in a legal transaction needs a lot of paperwork and there are many steps that have to be followed before the transfer can actually take place. These legalities are not something that most common people are aware of and there are some specialized firms, which have the right knowledge and expertise for the job. It is best to get in touch with one of these firms for conveyance of a property.
What Is Conveyance?
It is the transfer of title of ownership of a property from the seller to the buyer. Both the seller and the buyer will have to go through proper documentation and legal procedures to undertake this transaction and will hire different conveyance solicitor for the job. These solicitors will make sure that the contract between the two parties is clear and correct. Whichever party they would be representing, it would be their moral obligation to ensure that their party’s interests are upheld by ensuring that the documentation does not have any loopholes that can lead to problems later on.
Conveyancer does not necessarily have to be a lawyer. He can be solicitor, who is licensed for conveyancing work. The process takes about 5-12 weeks and you might like to retain their services till the transaction is completed. Generally, the service cost starts from the time the buyer decides to buy and gets in touch with a conveyance. However if the sale is not completed then the services are voided and so is the fees.
Online Conveyancing: Like so many things are now available on the internet, in the same way conveyancing services can also be hired online. However, there are varied views on whether or not to go for online conveyancing. Following are some of the views:
Some feel that online conveyancing offers the same quality of service as an offline one and that too at much lesser rates. So, you can actually save a lot.
You can easily get free quotes from online conveyancing firms and then compare rates to choose the best one. Online it is easier to pick and choose.
Some feel that it is difficult to build relationship and trust with an online firm and it is best to go to a local firm as there can be repeated face to face discussion to understand and clear doubts.
Some also feel that it is easier to check the credentials and qualifications of a local firm than one that has an online presence only.
Whether to go for an online or a local firm is your choice based on your comfort and convenience. What is more important is to ensure that they have the knowledge and expertise to complete the transaction and with zero errors.