Various websites offer conveyancing services where the customers get assistance from professionals to carry out the conveyancing process sitting in the comfort of their home. This is called online conveyancing.
Conveyancing - the Process Involved
When the buyer and the seller agree upon the price of the property, it usually takes between two to three months for the sale to complete. The buyer surveys the property with the assistance of a surveyor. He also hires a solicitor or a legal conveyancer who would be in constant touch with the seller�s conveyancer. The buyer�s conveyancer needs to ensure if the seller has complete rights over the property in order to sell it, if there are any problems with the property that can affect the buyer�s ownership in the future, or if the contract contains all the necessary information.
On the other hand, the seller�s conveyancer assists the seller to draw the legal contract and gets it approved by the buyer�s conveyancer. He also needs to prepare all the necessary information regarding the property that has to be furnished to the buyer�s conveyancer as required by the law. Once the terms of contract are agreed upon by both the parties, the seller and the buyer sign and exchange the contract completing the sale. The buyer�s solicitor helps him to complete the transfer deed form that helps to transfer the ownership. Apart from these, the conveyancers also help the respective parties to deal with their mortgages.
Advantages of Online Conveyancing
While purchasing or selling the property the conventional way, you might be required to spend a lot of time to get things in place. If this is the first time that you are purchasing or selling your property, you might find it difficult to locate a good solicitor or might be misled into paying a huge legal fee. It might also be a hindrance to your professional life since you might have to take time off your busy schedule in order to keep the process going.
The technological advancement has provided a solution to all the problems. Thanks to the conveyancing services! Now, it has become so easy to get the best deals out of buying or selling your property even if you do not have any experience in the field.
Here are some of the advantages of Online Conveyancing compared to the traditional conveyancing methods:
Cheaper: Previously, you might be required to spend a fortune if you decide to purchase or sell a property. However, with the conveyancing services available online, there are a lot of websites providing similar services. Owing to heavy competition between these websites, these services are available at prices lesser than �150. While some of them charge a flat fee, others charge depending upon the value of the property.
Simpler: Just register for the online service and relax. You need not be worried at every step of the process. These websites have facility that helps you keep track of your conveyancing process sitting in the comfort of your drawing room.
Faster: Online services help in quick completion of the process. This is one of the primary factors in determining your deal because a delay might mean loss of time and money. Due to the extended process of conveyancing, you might become a victim of gazumping if you are a buyer. That is, the seller might sell off the property to a different party who is ready to pay more than you. If you�re a seller, you might be subject to gazundering wherein the buyer forfeits the sale at the last minute. Although the sale did not complete, you would not get back the money spent towards the legal fee. These can be avoided by opting for faster online services.
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