how conveyancing solicitors can assist in property settlement
TRANSCRIPT
How Conveyancing Solicitors Can Assist in Property Settlement
By: AdvantageSettlements.com.au
http://www.advantagesettlements.com.au/
In Perth, Western Australia, when somebody wants to
sell their property or they are looking for one to buy, it is
highly recommended that there is someone in between
who will assist both parties for some reasons. That
someone is what you call a conveyancer.
Conveyancing solicitors have a lot of responsibilities that they should
accomplish all throughout the process of buying and selling a property,
like a house, as they can make the entire process faster, easier and
more convenient for both buyer and seller. That is also why
property conveyancing in Perth is very popular.
What is a Conveyancer?
Before the conveyancer came into full view in real estate
transactions, conveyancing had to be done by a solicitor. However,
because of the monopoly of conveyancing done by solicitors, a
legislation in 1987 was passed to remove that monopoly and it’s
not only the solicitors who can do conveyancing but also the
conveyancer, and the professional conveyancing services scenario
has changed its face.
Today, a licensed conveyancer is being sought after to deal with
property in a very professional and legal manner. A licensed
conveyancer can act in behalf of buyers, sellers and even for lenders.
Thus, a conveyancer is defined as someone who will do the transfer of
legal title of property from one person to another individual.
It would be a wise move for both buyer and seller to have a
conveyancer in their midst to navigate the legal process of transferring
the legal title of a property from one to another because it can be quite
difficult for both parties to go through the legal process on their own.
During the whole process, a real estate agent will request from the
buyer and seller to provide him with contact details of the conveyancer
for the agreement of sales.
If you are buying the property, you should do a lot of research so
you will be able to find the best, most reliable and efficient of all
conveyancing solicitors near or within your area.
How Can Conveyancing Solicitors Help?
Conveyancing solicitors can help ease out the process of transaction
for both sellers and buyers. As the seller, selling your house and
moving to another one can be a stressful experience. With a
conveyancing solicitor by your side, stress can be minimized.
Solicitors can do the paperwork for you and can go through the
unfamiliar processes of selling your property. Once you have
confirmed to the conveyancer that you wish to avail his services, he
will contact your within 24 hours.
He will provide you with the introductory letter and questionnaire for
you to answer after your conveyancing file was opened. If you are
selling through a real estate agent or broker, the conveyancer will
contact that person to get more contact details that the buyer would
like to review.
If you have already provided the copy of your deeds with your
conveyancer, he will prepare a draft contract package that he will
send to the buyer’s own solicitor or conveyancer. As you can see, you
don’t have to do anything. You just sit around and wait for your
conveyancing specialist to get in contact with you to obtain more
information.
Likewise, if you are the buyer, your conveyancing solicitors can really
help you a lot by preparing the property settlement contract for you.
The conveyancer is the one who knows the ins and outs of the legality
of buying and selling properties.
For sure, as the buyer, you don’t have any idea or knowledge on how
to do the process of buying a property. You may end up being
scammed if you do it all by yourself. You may have a real estate broker
at your disposal, but, the conveyancing solicitor does the job of
processing the property settlement objectively.
For both buyers and sellers, a conveyancer can help with
the following:
The conveyancer can aid you with
exchange of contracts.
He will be the one to proceed to
settlement and, finally, finishing the
transaction.
He can lay out the property report
with you along with the other party.
He will be able to conveniently
assist you with the exchange of
contracts.
He is capable of explaining the mortgage
documents, and;
He can conveniently organise the
settlement for smoother transaction.