Most people are still living with the age old belief that if you need to get something done, you need to do it yourself. Thanks to innovations in the real estate industry, you now have the benefit of purchasing a house whether you are living in another town or city. Imagine being able to purchase a house that you liked at first sight but couldn’t find the time to meet with the real estate agent.
On that note, why engage with a real estate agent when you have a conveyancer on your side? In order to understand what a conveyancer does, you need to understand the process first.
What is Conveyancing?
It is the process through which the ownership of a house is transferred from one person to another. The transfer can be completed from the comfort of your home, while the conveyancer does everything starting from things that need to be done before the contract is laid down, after the deal is signed and until completion.
Why You Don’t Need To Meet the Conveyancer
Most people are referred to conveyancers through their local real estate agents. The reason why you don’t need to meet with a conveyancer face to face is because they take care of the documentation at the end of the deal. A huge expense such as buying a house can be quite stressful and on top of that, trust does not come easily when it comes to hiring a conveyancer. Their five main responsibilities are the reason why you don’t need to meet them. These include:
1. Title Searches
You don’t need to jump through hoops to figure out if you are being scammed by the seller or not. Companies such as MyPlace Conveyancing have conveyancers that also act as solicitors. They understand the legal intricacies and will make sure that the house belongs to you only.
2. Conduct Negotiations on Your Behalf
Dealing with the seller can be quite annoying. If the seller is working through an estate agent, the agent will try to convince and blind side you with legalities. A conveyancer will take care of these problems. Moreover, they will also meet with your preferred financial institutions to make sure that the mortgage papers are ready and presented on time.
3. Stamping of Documents
Say, you need some permits that might prove helpful in the future, in case you are trying to get something approved by jumping through legal hoops. From preparation of legal documents to final stamping, the conveyancer will make sure that everything is ready before the contract is signed.
4. Liaising with a Financial Broker
Brokers can be a bit a reluctant if you are working alone. The conveyancer will get you a broker and work with them to make sure that your loan application falls through smoothly. As soon as the legalities are taken care of, the loan is transferred to your account and you can take care of all the payments via your laptop.
5. Searches for Defect
After the cooling off period, the conveyancer will inspect the property on your behalf to make sure that all repair work is done. When no defects are found, the conveyancer then proceeds to the price settlement. There’s no need for you to meet the conveyancer here because a detailed report will be given to you for your satisfaction afterwards.