The simplest explanation for a conveyancing Ipswich process is legally transferring a seller’s homeownership to a buyer. The conveyancing Ipswich process begins when a buyer offer on a house is accepted by the seller. The entire conveyancing Ipswich process ends when the purchase has been completed with the buyer receiving the keys to the property.
Getting the process right is the key to successfully concluding the conveyancing process. However, while the process looks simple enough, it is a legally complex thing to navigate for first-time house buyers.
Understanding more about conveyancing allows a buyer to know the proper steps in acquiring a dream property.
Do You Really Need the Services of a Conveyancing Lawyer?
The legalities of property transactions are properly handled when entrusted in the hands of an experienced and reputable conveyancing lawyer. Their services include:
- Providing you with the best legal guidance and advice before, during, and after the conveyancing process
- Carry out the necessary searches
- Take care of all contracts of the property
Hiring their services before making an offer is always a smart move for prospective house buyers.
A Buyer’s Conveyancing Process
A buyer’s conveyancing process involves several steps, including:
Finding the Right Conveyancing Lawyer
The stage of the conveyancing process for buyers starts with finding the right conveyancing lawyer. Having a lawyer at this time allows a buyer to cover all the legal aspects of the house purchase.
An estate agent representing the seller will likely recommend a conveyancer to a buyer at this point. The recommendation does not oblige a buyer to use the conveyancer. It is recommended that a better price and better service are gained by a buyer taking time to shop around and compare conveyancing quotes. This gives you a better deal than going blindly with the recommendation of the estate agent.
Examine the Supporting Documents and the Draft Contract
The first thing your conveyancer will do is to closely examine the supporting documents and the draft contract of the property. This is also the time your conveyancer is allowed to raise enquiries with the lawyer of the seller.
The tenure of the new home should also be double-checked. If the property is a leasehold, knowing the length of the lease is important. A leasehold property below 80 years will become a costly headache when you want to extend and only become eligible to do so when you’ve owned it for two years.
Leasehold properties below 60 years should not be even considered.
Conduct a Property Survey
Conducting a property survey is smart even when it’s not legally required. Any major problems on the property discovered by the survey allow you to decide if it’s for you or not.
Arranging for a survey at the outset of the conveyancing process allows you the option for further investigating any problems encountered or having them fixed by the seller.
The price of the property can be renegotiated when the property shows significant problems. Or you may decide that the property is not for you.
Arrange for Property Searches
Viewing a property or even conducting a survey will not provide you with all information about it. Conducting legal property searches offers the best way to become aware of liabilities the property has.
Property searches and surveys are extra charges that need to be included in the conveyancing fees.
Contact us at Spot On Conveyancing Ipswich to know more.