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Duties of Conveyancers During Buying and Selling of Property

The process of buying or selling a property can be time-consuming, confusing or even both, especially if it’s your first time. However, that should not worry you. Good solicitors in London and other places can negotiate on your behalf, making the entire process easier. A conveyancer will perform the following duties during the transaction:

Drawing Up Documents

One of the primary duties of a conveyancer is to ensure the timely preparation of all the documents needed during the real estate transaction. If you are buying property, your solicitor will prepare all the necessary documents to ensure the legal and rightful transfer of the property. On the other hand, if you are the property seller, your conveyancer will prepare the Contract of Sale while ensuring that all conditions to be met during the transaction are included in the final contract.

Arranging Settlement

Conveyancing solicitors also help in preparing the final details of the agreement. If you are the seller, your solicitor will arrange an appropriate time for settlement with the buyer. Once the final settlement has been completed, your conveyancer will organize the delivery of the keys to the buyer. As for the buyer, a solicitor will coordinate with the bank to ensure the funds required to make the purchase are available on the agreed date.

Giving a Walkthrough

A good solicitor knows the ins and outs of buying properties. They will explain the process to you in detail, as well as make the industry jargons more understandable. If you are the buyer, you need to know what you can get from the transaction and if you are not on the losing side. As a seller, you need to learn if you are getting the maximum price for your property. A solicitor will help you understand the process and set your expectations regarding the transaction that will take place.

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Legal Advice

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A solicitor will also be your legal counsel during the land buying or selling process. If there are any specific conditions to be included in the contract, your solicitor should be able to provide the way forward. A conveyancer should also advise the client when it comes to terms and conditions of the sale contract.

Facilitate the Transaction

A solicitor will be by your side helping you with the transaction from start to finish. They will serve as a mediator and facilitator to ensure the successful transfer of the property in question. The lawyer will ensure that all the documents are ready and on hand, as well as assist with the completion of all the requirements. They will make sure every party has signed the legal documents before officially turning over the property to the new owner.

Whether you are buying or selling property, it is always advisable to hire a conveyancing solicitor. They will conduct due diligence on your behalf, check and confirm the financial details, and ensure the terms and conditions of the transaction are reasonable and fair. This will save you time and money, as well as give you peace of mind.

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