Feasibility of DIY Conveyancing
Published on Friday, 15 January 2010
Before you even head on out that door and plan how you will go about on do-it-yourself conveyancing, read on some factors you might want to consider. As you know, the process demands a lot of legal tasks and paper works and having experience could really help. Therefore, you must look into the following to make DIY conveyancing work for you. * When you have a lot of time in your hands and don't mind accumulating paperwork or if the mortgage company allows you to perform the conveyancing yourself, then you could save some money. * Performing DIY conveyancing can also give you the assurance your documents are always on the move and not dependent on a solicitor. * Make sure you have all your details and facts correct. It might be too late for you to find out that the garage you "own" is actually owned by the next door neighbour or somebody else. You might be facing a future lawsuit if you are not careful and detailed enough. * DIY conveyancing is best suited with properties with no balances and for legit land titles. * You might want to give DIY conveyancing more thought if the purchase was done via auction or if it is a repossessed property. Another hurdle for DIY conveyancing is if there is a tight deadline demanded by either the seller or the buyer. * Be prepared for risks like if the property sold was really not meant to be sold or is impossible to be registered to the local government office. * The conveyancer will always be in the frontline especially when there are discrepancies and there are issues to be brought to court. Do make sure you know what you are getting yourself into. DIY conveyancing can indeed save you a lot of money and time. It can also be a sense of achievement on your part if a deal has been successfully closed. You can benefit a lot from it if you are the type of person who likes being in control.
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