There are a certain amount of legal requirements that need to be completed when you buy or sell a home. This process is called conveyancing and involves the transfer of ownership from the seller to the buyer. You can do the transfer yourself or you can hire a professional conveyancing solicitor to handle the transaction.
Transferring a property from seller to buyer involves five stages. The first would be the offer to purchase the property for which an agreement has to be drafted. This contract will include information about the property like the price that was agreed upon and the date for completion of the purchase. You can get assistance from a solicitor to draft this agreement as well as to get advice about the contents thereof.
The next step is to find out as much about the property as possible like checking the documents that proves the seller's ownership. The services of a solicitor will enable you to find out additional information from local authorities etc.
You should also try to have a property survey done before you sign the contract. Do this so that you can be sure that there are no structural problems with the property. You will also need to get the mortgage loan in place as well as consider home insurance for the property. After this, the exchange of final contracts can take place.
There are other issues that have to be handled between the exchange and the completion of the deal. Transfer of ownership documents have to be drafted. You have to ensure that all the funds for costs etc. Are available.
This is a very involved and time consuming process. It can also become extremely frustrating if there are obstacles. Hiring an experienced, professional conveyancing solicitor to assist you with the complete transaction is an easy way to do it.
Transferring a property from seller to buyer involves five stages. The first would be the offer to purchase the property for which an agreement has to be drafted. This contract will include information about the property like the price that was agreed upon and the date for completion of the purchase. You can get assistance from a solicitor to draft this agreement as well as to get advice about the contents thereof.
The next step is to find out as much about the property as possible like checking the documents that proves the seller's ownership. The services of a solicitor will enable you to find out additional information from local authorities etc.
You should also try to have a property survey done before you sign the contract. Do this so that you can be sure that there are no structural problems with the property. You will also need to get the mortgage loan in place as well as consider home insurance for the property. After this, the exchange of final contracts can take place.
There are other issues that have to be handled between the exchange and the completion of the deal. Transfer of ownership documents have to be drafted. You have to ensure that all the funds for costs etc. Are available.
This is a very involved and time consuming process. It can also become extremely frustrating if there are obstacles. Hiring an experienced, professional conveyancing solicitor to assist you with the complete transaction is an easy way to do it.
About the Author:
McHale and Co are a full service commercial and private solicitors. They deal in all kinds of commercial law and private law including Will Writingthey are solicitors in Altrincham
If you want some legal advice in terms of buying, selling, and renting a property, it is a good idea if you engage yourself with a licensed conveyancing solicitor. These people are experienced in handling legal works that are related to estate, taxation, and law.
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