What Is The Work Of A Conveyancing Solicitor?
In case you are looking to buy some property, then you probably have heard of the term ‘conveyancing’ before. You are probably not sure exactly what it means. This article aims at discussing what the conveyancing process entails and what the job description of a conveyancing solicitor is. The following are some answers to the questions that you may have regarding conveyancing.
What is Conveyancing?
Conveyancing simply refers to the branch of law concerned with the preparation of documents for the purposes of transferring property. A typical transaction in conveyancing is usually the legal transfer of a property’s title from one individual to another. You will have to go through this process whenever you are looking to buy property.
Who does Conveyancing?
A licensed conveyancer or specific conveyancing solicitors are the two types of persons that do conveyancing. You could potentially do conveyancing by yourself but it is not recommended. The process can be somewhat confusing and complex to those that lack experience. Whenever you are choosing a conveyancer, always make sure that you choose a person that has adequate experience.
How Does The Process Of Conveyancing Work?
The process of the transfer of property from one party to the other starts with two qualified conveyancing solicitors whereby one represents the buyer of the property and the other represents the seller.
The buyer’s conveyancing solicitor negotiates a price with the property seller’s solicitor. Once the survey is complete, and the solicitor has carried out inquiries and searches, the seller’s conveyancing solicitor prepares a draft that the buyer’s solicitor is to approve. The solicitor serving the buyer will probably raise inquiries relating to the transaction about the property as well as the land up for sale.
The buyer’s conveyancing solicitor will additionally check with other concerned parties in the locality such as the local council to ensure that no planned future developments or projects exist that may affect the land up for sale. They might even inquire from the local environmental agency whether location, where the property lies, has a history of flooding. Every conveyancing solicitor has his or her own unique way of approaching the entire process.
After the solicitor representing the buyer is satisfied that everything including all the paperwork is in order, he or she will ask for a confirmation from the buyer to proceed. Once both the seller and buyer have signed all the contracts, the sale is now final and legal.
How Long Does The Process Take?
The average transaction in conveyancing takes around 10 to 12 weeks but this period can reduce or increase depending on the nature of the transaction. During the process of the conveyancing transaction, either party is legally free to withdraw from the process for any reason and bearing no legal responsibility to the other party.
Hopefully, this article has answered some if not all the questions that you had regarding conveyancing and the work that conveyancing solicitors do. Now that you understand the process, you should now start looking for a good conveyancing solicitor to assist you with your home purchase today.