Before getting to know more about the various types of services provided by property conveyancing companies, it would be significant if we had a clear understanding of conveyancing in the first place. Whenever a real estate property has to be bought or sold, there are a number of important steps that have to be gone through. Most of these steps have legal angle to it and therefore it should be handled with care and caution. Further, it is quite obvious that any real estate buying and selling could easily run into thousands of dollars and even millions in many cases. Hence, there is need on the part of both the buyer and seller to be extra careful so that their interests are not jeopardized in any manner.
Put in simple words, conveyancing is about the various processes that have to be gone through once there is an in-principle agreement between buyers and sellers to purchase or sell a real estate property. These processes are extremely complex and in most of the cases out of bounds of understanding and comprehension for ordinary customers. Further there are a number of professionals who are involved in the process. The list is quite long but we will restrict it only to those whose roles are extremely important. These are real estate lawyers, attorneys, valuers, documentation specialists and property managers. Let us try and have a look at the main functions of each of them.
The main job of property lawyers is to investigate and examine the property from the legal angle and be sure that the owners have full legal rights over the property and it is free from easements, covenants and other such encumbrances which could impede the ownership of the property in question.
The role of property valuers is also very important. They help in identifying the fair market value of the property that is being put up for sale or purchase. The valuation report submitted by them has a bearing on the property tax amount and also on the stamp duty payable. Hence their role is very important to say the least. Last but not the least the responsibility of property documents experts is also vital because there are a number of agreements that need to be executed between the buyers and sellers.