How Property Lawyers Can Help With Conveyancing
Conveyancing is the legal process of transferring the ownership of property from one person to another. It can be a complex and time-consuming process, so it’s important to have a professional on your side to help things run smoothly. And that’s where property lawyers come in. A property lawyer can help with all aspects of the conveyancing process, from negotiating the contract to dealing with the paperwork and helping to finalise the deal. This is because they have knowledge and experience in assessing the value of properties and ensuring that all parties to the transaction uphold their obligations under the contract. Here are some of how a property lawyer can help with your conveyancing:
1. Reviewing the contract of sale
One of the first things a property lawyer will do is review the contract of sale. This document sets out all the terms and conditions of the sale, including the price, settlement date and any special conditions that may apply. A property lawyer will check that the contract is fair and reasonable and that it meets your needs and requirements. They will also look for any potential problems that could arise during the sale process, such as a dispute over the property’s boundaries.
2. Negotiating with the seller
Once the contract of sale has been reviewed and you’re happy to proceed, your property lawyer will negotiate with the seller on your behalf. This may involve negotiating a lower price or extending the settlement date if you need more time to arrange finance. In addition, your property lawyer can also negotiate any special conditions that you would like included in the contract, such as a clause allowing you to cancel the sale of the property that is not satisfactory.
3. Organising finance
If you’re taking out a loan to finance the purchase of your new home, your property lawyer can help to organise this for you. They can liaise with the lender to ensure that the loan is approved and that all the necessary paperwork is in order. They will also help to arrange for the loan to be discharged at settlement.
4. Preparing for settlement
Your property lawyer will also help to prepare for settlement, which is the date on which the sale of the property is finalised. They will organise for the transfer of the title to be registered in your name and arrange for the payment of stamp duty. In addition, they will prepare all the necessary paperwork required for settlement, such as the Transfer of Land document. So these are just some of how a property lawyer can help with your conveyancing. If you’re thinking of buying or selling a property, it’s well worth getting in touch with a property lawyer to see how they can help you.