Whether you are a savvy investor in real estate or a first-time homebuyer, it is important that you work with experienced conveyancers in Caversham. They are the people who do the so-called “reconnaissance” on a piece of property for you. Conveyancing is something that can be quite confusing to understand. Hopefully, if you are a first-time homebuyer, this will help explain what conveyancers do regarding purchasing a home and how they can assist you.
Preparation of the Contract of Sale
Prior to commencing the conveyance process, a contract for the sale needs to be drawn up. For you as a first-time homebuyer this means that you need to sign an offer to purchase which is then delivered to the seller and/or their agent or solicitor. The conveyancer is who will draft the contract before you sign to make sure that every detail is correct and that there are no omissions or errors.
A Title Search is Mandatory
After the contract has been signed and delivered, the conveyancers will begin a thorough complete search regarding the property. If there have been prior conveyancing concerns or controversies, your conveyancer will deal with said problems before the end date of your sales contract expires. Typically, there are no issues found and your conveyancer will have a deed written up in your name by the settlement date.
This is the last step in purchasing your new home and normally takes between 4 to 6 weeks. This is meant to allow the conveyancer an ample amount of time to complete the title search and prepare all necessary documentation. It also serves as a grace period to allow you to be able to find out if there are any hindrances to completing the sale, such as an easement. If you are a first-time homebuyer then of course you have many questions and concerns. Harrison’s Solicitors offers you a combination of affordable conveyancing services and the most absolute attention to detail.