Buying and selling homes aren’t things that normal people do on a regular basis. In fact, the average person will probably only buy two or three homes in an entire lifetime. So it’s not something that everyone has a lot of experience in doing, and therefore should probably let the legal transaction be handled by what is called a legal property conveyancing lawyer to get the job done properly and legally.
Legal Property Conveyancing Is A Specialty Of Some Attorneys
The legal profession is very broad and encompasses hundreds of different specialties because the law and all of the interesting ramifications of it is a huge profession requiring many hundreds and hundreds of hours of steady to just become an expert in one small specialty.
And while you wouldn’t expect a liability insurance attorney to handle a divorce, you would also not employ a corporate lawyer to handle the conveyance of a piece of property in most cases.
Since buying a piece of property is one of the largest purchases that most people do in their entire lifetime, it’s important that it be done correctly, legally, and with a certain amount of caution to avoid the horror stories that so many people have read about. Without adequate representation, it’s entirely possible to buy a piece of property from someone that doesn’t even own it, leaving you bankrupt and homeless at the same time.
The Average Person Can Be Intimidated By Property Lawyers And Their Laws
The idea of getting a Conveyancing Lawyer to handle your property transaction is for them to take all the difficult parts and reduce the stress to the homeowner down to almost nothing. They’ll run a property search to make sure who the rightful owners are, find out if there are any previous liens or other conveyances of the property, and make sure that the seller has a legal right to sell it as well.
The Conveyancing Solicitor is the attorney that takes over from the minute you make an offer on a property and starts working on all legal documents that are going to need to be signed by both parties.
They’ll also do research to find out the status of the previous potable water connections, the tax situation, the electrical connection, any environmental hazards or concerns, and any road assessments that might be past due as well. Obviously, it wouldn’t be prudent to purchase a property that does hundreds of thousands of dollars in road assessments that have been unpaid, and it’s the job of the solicitor the find these before the transfer is complete.
Researching Before The Conveyance Takes Time, As Does The Documentation
Each different municipality, utility, and another type of assessment will have its time frame for how long it takes to be researched. Different cities and counties all have their idiosyncrasies, and while some are 100% online, there are also those that still use antiquated filing systems on paper.
It’s entirely possible for a normal residential conveyance to take between six and eight weeks from the time that an offer has been made on the property until all of the paperwork and necessary research has been completed. However, it must be taken into consideration that doing a diligent job beforehand is better than experiencing the heartache of being scammed or ripped off by a fraudulent seller.