Buying a new home is one of the biggest purchases that you are likely to make in your life. When people are considering making an offer on a new property, they are often confused about what is involved. This process of ‘conveyancing’ or passing ownership from one person to another can be quite difficult to understand, particularly if you are stepping onto the property ladder for the first time.
Residential Conveyancing Legal Advice Motherwell
Here we provide breakdown of what the process of conveyancing involves. At J Watson & Scott we have a team of specialist Property lawyers that will be able to walk you through the process of buying your new home.
What happens first?
You will need to find a house that you think will suit your needs. When you find a property that you are interested in, the next stage is checking the details of that property. This is arguably the most important part of the process of buying a house, and comes before there will be any changing of title or ownership of a house.
Check the Home Report
The Home Report includes all of the information available on the property that you are interested in, including:
- Single Survey - detailing the asking price of the property. It also includes a breakdown on what kind of condition the building is in;
- Energy Report - outlining whether or not the building is energy efficient, and if it is damaging or harmful to the environment; and
- Property Questionnaire – setting out what council tax the property has been allocated as, and what conditions are attached to any future attempt to alter the property in the future.
Pay for the Property
You cannot make an offer to buy a property until you have the finances arranged. This can be done by either getting a mortgage or funding the purchase privately.
Offer to Buy
The next step is making an offer to buy the property. If the seller accepts your offer, then the process of conveyancing will begin. This process can be quite complicated and normally involves a lot of paperwork and negotiation between the buyers and sellers solicitors. This is the most important part of the process, which is why it is wise to have a solicitor working with you experienced in negotiating the terms of an offer and its acceptance by the seller.
The process of buying a new home is exciting, but can also be quite complicated. You will be exposed to legal terminology, which is why it is important that you have an experienced legal advisor to assist you in navigating this area of law.
Contact our Residential Conveyancing Solicitors Hamilton, Scotland
Here at J Watson Scott & Co Solicitors Hamilton, we pride ourselves on providing an efficient and professional service to our clients. Our expert Property lawyers are regularly involved in the conveyancing process, and will be able to help you organise the purchase of your new home. Our solicitors will work with you to ensure that you are supported throughout the process of buying your new home, and will answer any questions you may have. Contact our property Solicitors today. Our Hamilton office is convenient to Motherwell, Larkhall and areas beyond.
