socialmedian: A Solicitor's Role In Property Transactions

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A Solicitor's Role In Property Transactions

Submitted by Genwright from blog

Nov 08, 2009

Summary

If you are planning to buy a house, you must have come across the term conveyancing often enough. Conveyancing is what the process of transferring the title of property from one person - also called party or hands in legal parlance - to another is called.

As most people invest a huge proportion of their capital in their homes, it is necessary to ensure maximum legal security for it. To ensure this, the services of a solicitor are absolutely necessary.

The process of conveyancing begins long before the actual sale transaction is initiated, and ends once the purchaser acquires the right to occupy a property.

As soon as the buyer settles upon a particular property he/she wishes to purchase, the process of conveyancing should be initiated by the solicitor. The first step in the process is to conduct a few legal searches on the property. Searches do not involve masked men with torches, but are the far more prosaic procedure of verifying the history of the land, constructions and their sanctions.

The legal searches must verify:

1. The history of the property. Here, th ...Read the full article

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