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An Introductory Guide For Conveyancing In Context Of Sellers

Conveyancing is mainly the process of conveying property title from a seller to a buyer. This process generally takes 10 weeks. It includes all the process that take place in this time starting from the plan of selling your property and ending to the selling of the property legally. In order to avoid the problem of overcharging or any other legal mistake, let us take a look at what conveyancing includes and how a conveyancer helps you in the process.

Why Conveyancer?

Selling property is not as simple process as it appears. It includes a lot of judicial works, which is not easy to understand. Moreover, you need to adhere to the judicial guidelines and laws while doing the whole process. The complexity of this process makes it necessary to hire a solicitor, who has good knowledge of the whole system and how it works.

Let us look at some ways how conveyancer can help you in such matters:

Professionalism

As conveyancing involves developing several necessary paperwork and going to the notary every now and then, the professional conveyancer can do this task easily.

Communication

They have wholesome knowledge of all the things included in conveyancing. Therefore, they can easily talk with the buyer or his lawyer and solve any of their queries related to your property.

Fast Process

With their special knowhow, they are more likely to carry out the process without any major problem or difficulty in-between. Moreover, the chances of any important thing or document skipped in the process are also very less. This whole professional system ensures that your work is carried out in less time than it can be done by you.

How Much Does The Conveyancer Charge?

A conveyancer basically charges you on hourly or on contract basis. However, before hiring any conveyancer, you should definitely look for their service charges at conveyancing comparison website.

Hourly Basis

In this type of charging, he is paid for every hour he spends with you or on your case. This is good option to choose, if your property is free from any legal problems or mortgage issues and your case is most likely to be completed early.

Contract Basis

In this type of charging, they are paid for whole case, irrespective of the time taken. The fee is decided before hiring process. This is perhaps the best option, if your property has any kind of legal or mortgage issue with it, as the whole process can easily take time.

What Is Included In Conveyancing?

Conveyancing is basically a three stage process, which includes pre contract stage, contract stage and post contract stage.

Pre Contract Stage

It includes collecting all the essential paperwork from required authority and making a template contract, which will be sent to the buyers for any kind of alteration (if needed).

Contract Exchange Stage

In this stage, both the parties sign the contracts. The buyer submits an advance amount that is generally 10-25% of total property cost.

Post Contract Stage

The ownership of the property is transferred from seller to buyer and the remaining sum is paid.

Conclusion

It was all about conveyancing and conveyancer in context of buyers. You should definitely take conveyancer’s help to get conveyancing done smoothly.

About Stephanie

Stephanie Rosen is a financial market analyst and a blogger. She writes about stock market and investment opportunities around the world. You can find her latest ideas on here. Just signup our news letter today and receive regular updates of Stephanie.