When either buying and selling a property in the UK, it’s a lot to handle for one person, especially when you’ve never done it before. Typically, a conveyancer on each side of the transaction is responsible for completing all the necessary steps to eventually complete either the purchase or the sale on their client’s behalf.
Here are a few of the advantages of using a conveyancer.
It would be easy for someone to claim they own a property and “sell” it to you. Things could just go on faith with a simple handshake or a conversation. An erroneous assumption would be made that they are the rightful owner of the property and they’re selling it. Contracts could be signed, and money changed hands, only to discover on the day you move in someone already lives there and you have been fobbed off. Thankfully, a conveyancer prevents this kind of silliness from happening to their clients.
Checks are performed at the Land Registry to determine that the property is owned by the “seller” and that they are allowed to sell it. In terms of being allowed to sell, this means whether there is a co-owner, the property is subject to dispute, or there are one or more charges on the property relating to debts that must be repaid upon sale before any net proceeds are available to cover costs or passing any remaining balance on to the seller. Certainly, conveyancing solicitors in Liverpool would be able to perform all the appropriate checks necessary in this regard.
The paper trail involved with buying or selling a property in the UK is quite substantial. There are also some subtle differences. Handling conveyancing in England is different to elsewhere in the UK, so you must get a solicitor in your jurisdiction to avoid any mistakes or errors of omission.
A solicitor who handles conveyancing has usually bought or sold numerous properties in their career. In many cases, that’s what they do all day and they don’t necessarily take other tasks on. It’s what they like, what they’re good at, and they understand all the ins and outs. They revel in the details, pursue all queries to their natural conclusion, confirming the facts and completing either the sale or the purchase.
A conveyancer is a person whom you can place your trust in either to complete a purchase on your behalf or to sell a property that you’ve put on the market and found a buyer for. Many times, they’re dealing with a complex chain of several buyers and sellers all exchanging and completing their transactions within a day or two of each other. It’s a bit like a carefully choreographed juggling act to keep all the pieces in play and complete the deal on their client’s behalf. It’s certainly not something that you should attempt to do yourself. Let a professional handle what’s likely to be your largest purchase or sale ever.