In cases of buying or selling some real estate or property, the major point you should take into account is hiring a proper conveyancer. It’s one of the things that everyone should have on their mind considering the fact that many times we’re not quite sure if we’re doing the right thing. Especially when it comes to some serious things like legal ones.
Who’s a conveyancer and what does he do?
Before we jump to the basic conveyancer tasks review, we should briefly explain what this word actually means. It’s a licensed professional with expert knowledge about real estate and law in general. Their main job is providing you with some useful information, advice on necessary documents which should be obtained for this process to end successfully and give you a helping hand during this process. Having a professional of this kind means having a fully dedicated helper who’ll make all possible worries related to all that stressful buying or selling process go away.
What needs to be done is choosing a professional that has to be licensed in a particular country or area where you want to hire them. In other words, they need to have the approval to work on the territory where you need them in order to be able to assist you further with your things. But, as we’ve mentioned, their job is also to ensure that you, as their client, are fulfilling all your legal requirements and that your rights are respected and protected all along the process. The best possible scenario is that both parties – the one who sells the property and the one who buys it – hire a professional for this occasion as both of them certainly have some important questions, things to do, documents to sign, etc.
Of course, the fundamental thing when it comes to the choice of this service is quality. The person you choose to follow you through this needs to know what he or she’s doing and help you achieve the best results. That’s why it’s suggested to find the one who will work along with you before you even start the sale or before you find buyers for your property. If you’re not sure that you know anyone who does that, but who’s verified and reliable, make sure you check and obtain more information here.
And now, here we have some of the key things a conveyancer can do for you:
- They need to check a couple of things.
- that the person who’s selling the property is the real owner;
- if the owner is a sole proprietor or the consent of other persons – for example, the wife if married.
- that there are no unfinished testamentary trials
- that the property doesn’t have a mortgage.
The professional will process the proof that the property is free of liens and up to date in the payment of its contributions, such as land-use certificates, depending on the local legislation.
- They review the validity of the documents. It’s one of the crucial steps in this process and is the unavoidable part of every legal transaction. This means making the sale agreement (contract) and making sure that all particular conditions and points are included in the final version of the agreement. Why? To avoid any hassle or some potential quarrels or conflicts later. One more document that is necessary for the person who’s selling is the vendor’s statement. Both of these are fundamental documents for sellers, but when it comes to buyers, the conveyancer needs to make sure that all papers that prove the object they’re buying are rightfully and completely legally sold to them.
- They will obtain the respective certificates in which it’s proved that the property is free of liens or limitation of ownership and that the owner is aware of the payment of their contributions.
- They will calculate, recollect and pay local and federal taxes caused by the sale.
- They will issue a testimony (certified copy of the deed) and process its registration in the Public Property Registry where the new owner is registered.
- They will charge the rights of appraisals, agencies and other expenses generated by a deed.
- They’ll always be there in case you need any kind of legal advice. This means that you will always be able to count on them when it comes to confirmation of specific conditions that need to be the part of the agreement.
And a couple more reasons why it’s good to have one by your side…
- They’ll save you time. All these things matter and they can also be rather stressful and take much time, especially if you don’t have any experience in performing this kind of acts. It includes dealing with many things, like real estate agents, the people who are selling or buying houses, banks, public sectors, inspectors and many more. Having a professional by your side means having a bunch of experience and someone who knows what to do. That also means saving hours and hours you would spend looking for documentation since your conveyancer will do all the work for you. They have their own connections with agents and inspectors, keep you on track and arrange everything you need – all on your behalf.
- They might even save your money. Compared to all the costs you would get if you did all this alone, it’s almost sure that you might even spend less money if you decide to hire a conveyancer that knows how to do his job. It assists you in avoiding some unpredictable expenses and complications regarding the transaction, which might actually lead to saving some precious money.
Having all this in mind, anyone can conclude that the conveyancer’s job is to keep us protected from all discrepancies or hassle that might appear as a result when it comes to such demanding acts. We could say they are our best allies in the sale of a property, but also in deciding what’s best when buying something new – and therefore, it’s completely worth it.