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Sunday, September 14, 2008

Choosing Land For Your New Home - How to Select Vacant Land and Communities

In this modern era of convenience shopping, buying a house is probably the most longwinded purchase you'll ever make. One of the major time eaters of the whole house buying procedure is the conveyancing process, which is the transfer of ownership of real estate from one person to another. It may sound like a very simple process but it can easily take two or even three months to complete.

As it a legal process, a large majority of people employ the use of a solicitor or licensed conveyor to carry out all the legal work. The conveyancing process begins in earnest once an offer has been made and accepted on a property and both parties have exchanged details of their solicitors. However, even once you have accepted the offer, you must remember that it has been made subject to contract and survey. Your solicitor then liaises with the other solicitor at what appears to be a snails pace to complete the legal documentation that is required in transferring ownership. As the process can be very slow it can become very costly, so many people are now making the decision to do their own conveyancing. However conveyance is one of the areas of the property transaction that is the riskiest, most labour intensive, and filled with a vast amount of legalese (legal jargon). But you will find that doing it yourself will save you hundreds of pounds, as there will be no fees to pay, no mark ups or VAT on any disbursements that you may have to pay to a legal professional..

If you do some research before hand it can be beneficial because it can help you have better knowledge of the whole process of conveyance. The main benefit of doing your own conveyance is that you maybe able to do it much quicker if you devote the sole of your time to it.

However not everyone should rush out and do their own coveyancing, this is because it is very complicated and you need to be confident in your ability of not to make a mess of it, as you could face severe penalties for any mistakes. Also make sure that you do not miss any thing from the list of activities that a solicitor would normally do. If you do everything in a sequence and in plenty of time it should be fine.

The main problem that you are likely to face would be the lease and the contract. This is because it is the part where the solicitor would draw on their expertise on the process. So you need to careful and attentive and thorough in all your dealings with these documents. Also make sure you understand all the terms and conditions and the implications of all the clauses. Keep checking everything you have done and make sure everything is spelled correctly.

Even when you are sure you have done everything, it may still be worth getting a solicitor to give your work the once over and to ensure you haven't missed anything important or made a huge blazing error. You should be able to find a solicitor who will do this for you for around £100. Hopefully after getting every checked over by a professional it should bring you peace of mind.

The process of doing the conveyance may seem to be long a labour intensive, but if you are dedicated enough and organised enough to do as much research as you can, any thing is possible. But it is important to remember to keep checking what you have done.

Fazila is the author of several conveyancing related articles.

Article Source: http://EzineArticles.com/?expert=Fazila_Mir

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