In this age of digital disruption and managing things yourself the question can be raised, why use a conveyancer for my property transaction?
Here are my top 5 reasons for using a conveyancer when buying or selling property:
Conveyancing is the legal process of transferring a property title deed from the seller to the purchaser. Looking at these contracts for property sales and purchase is what we do. Using a conveyancer means you have an expert who knows the ins and outs of property transfer looking after your matter.
There are over 25 steps that must be overseen and kept to deadline in the property transaction process. Conveyancers deal with government departments, banks and legal documents on a regular basis through their work, so using a conveyancer who knows the process of what has to happen and when keeps the transaction smooth, successful and worry free for you.
Some solicitors may also look after conveyancing matters. In general solicitors charge more, so if you have a straightforward property transaction and a restricted budget a conveyancer can offer the same legal assistance for less.
Working in the background on your behalf, conveyancers do more than paperwork. The process includes researching the property, ensuring the law is followed by both buyer and seller, making sure correct stamp duty, transfer fees and other financial transactions go where they are supposed to and on time. It can be a time consuming process even when you know what you’re doing!
Registered, qualified conveyancers will have professional indemnity insurance. In the event an error causes the conveyancing process to go awry it could cost you money. A conveyancer with this insurance will have the ability to pay any damages or financial loss to you immediately.
There are plenty of other good reasons to use a professional conveyancer when buying and selling property. Although it may be tempting to try to save some money in the process, in the grand scheme of things the cost of a conveyancer is minimal compared to the value of the transaction being undertaken. In the end, enjoying peace of mind that your matter is being taken care of professionally and correctly is priceless.