Advice of Conveyancing Lawyers Accrington for Buyers

Conveyancing is the process of legally transferring the ownership of one property from seller to the owner. The Conveyancing process consists of various checks and other administrative processes. As an owner it is a good idea to have some knowledge of the Conveyancing process so that you are better prepared. In the text below, Conveyancing lawyers Accrington elaborate on the various steps involved in the Conveyancing process.

The Pre-Contractual Stage:-

Once you have decided on a property, you will make an offer. After the offer has been made you will have to prepare the legal documents required to transfer the ownership from the seller to the buyer. This contract should not be drafted without the help Conveyancing lawyers Accrington. This stage should also include various property surveys and researches.

                                                                                            

Exchange of Contracts:-

Once the property has been checked and contracts have been drafted and agreed upon, they are exchanged between the buyer and seller. This exchange signifies a legal obligation on both parties, if anyone backs out then the other will have to pay compensation.

Completion:-

The Conveyancing lawyers Accrington will carry out the remaining checks needed after the exchange. Once they have been dealt with, the money is transferred to the buyer and the sale is now completed. The completion stage signifies that the property has been transferred to the buyer.

For more information you are welcome to get in touch with the Conveyancing lawyers Accrington at Walker Wise Solicitors by phone on 01254 300 966 or email enquiries@walkerwise.co.uk.