There is a time when one does a lot of things in order to make sure he or she does enough to have a good home near him. He or she does that as they need a good home for security reasons.
Since the process of ownership transfer of immovable assets like land and real estate is regulated by the government in most countries, there are specific persons who are licensed and authorized to facilitate this process and help the buyer and seller make informed decisions while closing the deal. These persons are called conveyancing lawyers, or in short, conveyancers in most countries. Since these activities involve the transfer of a large amount of money, there are lots of provisions that potential lawyers must satisfy in order to obtain the necessary license to practice as a transferor in a particular country. Legal requirements vary in terms of the type of property being sold (e.g., low value residential, premium residential, commercial, etc.), so there can be occasions where a particular lawyer is only specialized in handling a particular type of property transaction.
The legal agreement which needs to be signed during the transfer of a property contains a lot of technical words which might not be easily understandable by a layman. This is where a specialized comes into the picture. With his vast experience in dealing with property transfers and deep knowledge of applicable legal terms, a conveyancing lawyer can help a potential buyer to get a grasp lawyer of the conditions he must agree to while buying a property. He also warns the buyer in case there are some legal issues concerning the sale of the particular property as well as any potential hidden charges which might have been included in the legal contract. Even after all doubts are cleared and the buyer is ready to sign the agreement, there are still some additional legal formalities which need to be completed, e.g., notification of the transfer of property to designated government bodies. The lawyer can help the potential buyer in completing these tasks too.
From the point of view of a seller too, the lawyer can help in formulating an appropriate legal contract which takes into account the best interests of the seller. This is even more important when the property being sold is currently under mortgage. They can then include suitable terms and conditions in the legal agreement regarding transfer of the mortgage fees to the potential buyer and can ensure that the seller gets a fair deal out of all this. Another situation where the lawyer can help the seller is when the concerned property has resident tenants and special provisions need to be included in the legal contract regarding transfer of security deposit and informing the buyer regarding the validity of the current terms and conditions which the existing tenants are a party to.
In conclusion, therefore, though the law professionals can help a potential buyer and seller to make the most out of their property transfer agreement, both parties should exercise caution while employing the services of particular law professionals and ensure that he is licensed and fully capable of rendering the requested services.