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While transferring any form of asset (mainly property) from one person to another, there is a particular legal process that needs to be strictly followed. This process has been explained in detail below. Conveyancing is the process which ensures that the buyer of any property secures the proper title to the land and is notified of his restrictions, if any, before the purchase. This process is carried out by a lawyer or by a licensed conveyancer. The normal procedure of any property purchase involves negotiating the purchase price, arranging for a property inspection, and appointing a solicitor to conduct the pre-contract enquiries. The seller’s conveyancer usually prepares the draft of the contract, which is sent for the approval of the buyer’s lawyer. In addition to this, the seller’s lawyer also accumulates and organizes the property information to be given to the buyer or his legal representative. A normal conveyancing procedure takes about 2 to 3 months. Some may be quicker but most transactions take a longer duration of time. During this period, before signing the contract, either party can opt out of the deal without any legal obligation. Some people try carrying out the process themselves to save some cash. But if you really want to confirm whether you are obtaining a good title and carry out the entire transaction legally, it is better to outsource it to a lawyer or some licensed conveyancers, who are sure to have prior experience in such matters. Today, almost all services can be done through internet and this procedure is no exception. There are many online conveyancing services that can save you a lot of time and money. The fee charged by these companies varies greatly, ranging from 200 GBP to 1200 GBP. A higher price doesn’t always translate into quality service, and sometimes the larger firms can afford a competitive price because of their huge volume of operations. Some law firms have an excellent online presence, with good IT resources and fantastic systems in place. Before choosing a solicitor through the internet, it is advisable to have a verbal chat with him. If he does not respond to your calls properly, that may be a sign of things to come. Try to assess the temperament of the solicitor when you get him on the phone, as you have to work with him for at least three months for the deal to be closed and it is important to have a good relationship with him. An entire conveyance process can be broken into three distinct stages. The first stage is called pre-exchange. This is the phase where the initial draft is made and all preliminary details like the price, ownership details, deposits (if any), and other such matters are discussed. Make sure that you go through the copy of the draft before you agree on anything. The second phase is the exchange of contracts. Once both the parties are satisfied with the terms, the contract get signed and exchanged. Once the contract is signed, the sale is legally executed and any action deviating from the contract will have legal implications. The final phase is the completion and involves the buyer taking possession of the property. The process is complicated and involves lot of sub-processes and legal formalities, so outsourcing it to reliable conveyancer can make the execution of this process smooth and hassle free. For more information on: Conveyancing Get more information on: Conveyancing Services
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