Buying or selling a property is often the most important financial decision that we take. But the process is complex and involves lots of legal formalities before the title is transferred. Several little things can go wrong during the process which can have a lasting effect on your property dealing decision. Engaging an expert property conveyancer to oversee the process is therefore a popular practice.
A property conveyancer can be a solicitor or an individual licensed by the Council for Licensed Conveyancers. There are many firms, both online and offline, that offer expert conveyancing service to buyers and sellers. During the dealing either party can involve a conveyancer to oversee the process of the dealing. The conveyancer would act on his behalf to ensure that the title transfer follows the right process.
Engaging the service of an experienced property conveyancer, however, involves cost of few thousand pounds. To avoid the cost some buyer or seller prefers to undertake the task himself. But before you decide on foregoing the expert service of a conveyancer you must understand the duties they perform. Slipping into the role of a property conveyancer isn’t easy. Sometimes dealing with the sheer volume of legal documentation involved in property dealing can be daunting for an individual buyer or seller. Moreover, it requires knowledge and expertise in processing the legal documents. Hiring the service of a property conveyancing firm would ensure peace of mind.
A conveyancing firm would undertake the task of performing the background search on your property. It would ensure if the property title is marketable. The conveyancer will make sure that no hitches occur during the dealing while your interests remain protected. Sometimes a conveyancer may also prepare the property contract by penning down the terms and conditions. Your conveyance may also receive the property selling price on your behalf if you want to keep the dealing discreet.
However, there is no law to govern the consultancy fees charged by property conveyancers. As a rule of thumb, conveyancing fees vary with the expertise and experience of individuals. Hiring the services of conveyancing solicitor is likely to cost you more. Shopping around is a smart idea to get competitive rates. Check out with a few conveyancing firms before selecting one. Comparing rates have become easier as one can now find conveyancing services online and get quotes.
Personally interview the conveyancer and ask questions pertaining to the services offered. Some conveyancer may also charge additional fees for rendering special services like preparing documentation for property mortgage. Ask your conveyancer to be upfront with his fees and don’t forget to sign the contract to legalize the terms and conditions decided between you.
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