If you are buying a home for the first time, one of your fears is likely whether the deal will go right. To protect yourself, you require a conveyancer. A conveyancer is a person that represents people buying or selling real estate.
Where will you find a conveyancer?
You can seek a referral from a friend or relative who has used property conveyancing services before. You can also look for conveyancers with positive reviews online. Ask the following before hiring the conveyancer:
- Costs. Ask how much the conveyancer will charge for the whole process. Will you pay in instalments or the full amount?
- Personality. The conveyancer should be someone you trust and someone that is easy to talk to.
- Qualifications. He or she should be experienced and qualified to practice.
What happens after you hire the conveyancer?
Disclose all details pertaining to the purchase. Introduce him or her to the other parties involved in the transaction if you have already met them. Below are other tasks of the conveyancer.
The conveyancer will visit the property to ensure that you are not exposed to any dangers or liabilities once you purchase it. The main activities include the following:
- The conveyancer will conduct a search to verify if the people selling the property are its real owners.
- The search also will help you know if there are any zoning regulations.
- The conveyancer will investigate if the location is susceptible to natural risks such as flooding or storms.
- The conveyancer will find out if the property has access to utilities such as water, electricity and drainage. If there are any outstanding bills, he or she will let you know.
Organising your mortgage
After verifying that the property is safe to buy, your conveyancer will link up with your bank to organise financing. The bank will assess the property to determine if they can provide the loan you are asking for. The conveyancer will also bargain to ensure you get a good rate.
Your conveyancer will meet with the seller's conveyancer and discuss the terms of the contract. He or she will ensure that the contract of sale reflects the agreement between the two parties. After this, you will sign the contract.
After all payments have been made, the conveyancer will organise the transfer of title. The process ends once you receive a title in your name.
Property conveyancing ensures that people buying and selling property settle in the right way. As a first-time homeowner, you require a conveyancer to guide you through the buying process.Share