Buying a property is not as easy as signing the transfer papers and paying for your new house. It involves a series of processes and help from various professionals to get the job done. One of these professionals is a conveyancer.
Conveyancing fees for buying a property is almost the same as when you are selling one. But what does a conveyancer do and why is it important to have one when you purchase your property? Here are the frequently asked questions regarding conveyancing when buying a property.
What does a conveyancer do?
A conveyancer is a professional who carries out the act of conveyancing. Conveyancing is a term used to describe the legal process of transferring a property to a person, a company, or a corporation. Simply put, it is the legal process of transferring ownership from the seller to the buyer.
Can I do it myself?
Technically, the answer would be yes and no. If you are someone who is knowledgeable about the law and knows the protocol for transferring properties, then you can opt out of hiring a conveyancer. However, if you do not have the resources, time, as well as the knowledge in the field, then conveyancers are a must.
More than acquiring the necessary documents, a conveyancer also inspects the property, negotiates on your behalf, and make sure that you cover all bases before you sign the papers. This is something that you cannot easily do if you do not have a background in the field.
What are the qualities of a good conveyancer?
A good conveyancer is someone who has experience. Make sure you pick a firm that specialises in conveyancing. Communication is also important. Having someone who will slowly explain to you difficult terms and jargons for you to better understand the transaction is a must. Lastly, hire a conveyancer who is transparent and whom you can trust. If your gut feeling tells you otherwise, he is not the right one for you.
Still thinking of not hiring a conveyancer? Think about their roles and the troubles you will avoid, and you will change your mind in a split second.