Conveyancing: Avoiding Pitfalls in Property Ownership Transfer

The process of conveyancing is designed to make sure that property buyers secure title ทาวน์เฮ้าส์ กรุงเทพ for land and the rights that run with the land. When purchasing a real estate property, it is the mandate of the buyer to make sure that he or she obtains a good and marketable title, which means that the buyer can get mortgage or resale the property without any impediment.

There are mainly three stages when transferring ownership of a property and these are namely; before contract, before completion and after completion. The main reason buyers need to get titles is to make sure that the property is legally sellable and that there are no any disputes, which can create conflicts of interests.

Often than not, people buy land and buildings only to be involved in disputes thereafter, which are not only costly but can result to lose of property. In order to be on the safe side, when you are buying property, you need to ensure that you seek legal advice and support.

A solicitor can help you in conveyance of your newly acquired property. The large amount of paper work involved in the transfer process can be technical handle. There is also the problem of legal document interpretation. If you feel that you cannot interpret what the legal document in the land or property ownership process says, then you would better leave the task to a reputable solicitor.

If you are purchasing a home through a mortgage lender, it is most likely that a financier will request the land and property transfer to be handled by legal experts who understand the process of conveyance. The financiers are very strict and do not want to take any risks when you are applying for the mortgage.

They need to ascertain that the person selling the home has the legal rights of the ownership and is willing to transfer in good faith and that he or she can bear responsibility if any disputes arise after the property has been sold. In addition, when you source for a solicitor to handle the land and home transfer, this instills more trust on the parties involved.

The process of acquiring a property could be delayed because document and rights transfer has not been handled properly. If there are inconsistencies in filling legal documents, then the title may not be released. This means that the sale process may take long than anticipated.

To avoid these property transfer pitfalls, a solicitor is recommended to head the process. There are other cases, which compel you to source for a professional who is experienced in conveyance. For instance, if you are buying a property, which is unregistered, this could get you into troubles if it happens that the land or property is under dispute.

In addition, if the property is not a freehold, this is yet another reason it would be safe to seek help of a solicitor. In essence, these are the prime reasons that require you to acquire property ownership with help of a solicitor. You can get the best conveyancing quotes from the reputable solicitors to spearhead the title transfer process.