Buying or selling property is a big move involving a substantial amount of money. Conveyancers take care of every detail involved in the sale and handle the exchange of funds, ensuring that the process is pain-free. This piece discusses several conveyancing pitfalls and proposes viable solutions to overcome such issues.
Do you know the right time to engage the services of a solicitor? One of the biggest mistakes you can make is to hire a solicitor only in problematic scenarios. Your solicitor should come in immediately after you commence the sale or purchase process. Promptly engaging the solicitor ensures you have someone watching out for problems at every transaction step.
Your solicitor examines your interests and steers every negotiation and transaction in your favour. Similarly, the solicitor understands your personal problems and weaknesses, making them confidants in the sale or purchase process. Therefore, avoid delays when engaging your solicitor to ensure that the conveyancing process occurs without any hitches.
Your identification is a crucial requirement in most transactions. However, what do you do when you cannot present the required identification? You may lose documents required as proof of identity in a fire, theft or any other incident. The conveyancing process can continue if you have any alternative documents to prove your identity, such as utility bills, bank statements, driving licenses, or passports.
You may also work closely with your solicitor to explore your options. Regaining the identity may also take a while, and you may lose a potential buyer or seller. Therefore, ensure you disclose the details of issues you encounter, especially those involving your identity.
Any documents you sign or create during the conveyancing process must accurately reflect your wishes and interests. However, errors always occur, and the best you can do is to avoid them and rectify them. For example, proofread all the papers before you sign them and ensure they reflect your wishes. You may also talk to a conveyancer to draft some of the documents for you.
If all your documents are accurate, what do you do if you lose or damage them? Conveyancers are ideal for such a scenario since they can create documents and keep backup copies for resolving such a problem. You may also require someone to explain the issue to other parties in the negotiation and ensure they sign their part of the new papers.
Some common conveyancing problems include delays, identification issues and documentation.
For more information about conveyancing, contact a local company.Share