You are probably aware of the fact that purchasing a house is not simply about putting the money up and acquiring the property. Instead, there is a significant amount of paperwork involved in the process. And even after you have concluded agreements with your lender and paid for the house you have set your sights on, you may end up losing the property if its ownership is not legally transferred to you.
To avoid falling into this trap, it is critical to have a conveyancing lawyer represent you when buying a property. But with all the lawyers available, it can be challenging to establish who will be the right fit for you. To help you along, here are guiding factors to help you choose the right conveyancing lawyer.
Where is the conveyancing lawyer located?
The first consideration to have in mind when selecting a conveyancing lawyer how easy it will be for you to meet them in person. When it comes to matters regarding money, more so a massive investment such as a house, it is unlikely that you will want all your correspondence to take place online or over the phone. Being a first-time homebuyer, it is not unusual that you would want reassurance from time to time from your lawyer and in person!
Therefore, you should factor in their location when choosing the right professional. As a rule of thumb, their offices should either be close to your home or your office so that it is easy for you to make your way there when it is most convenient for you. Close proximity is also a way of ensuring availability from your lawyer in the event you cannot reach them over the phone.
How will they charge you?
You could be thinking that the cheapest conveyancing lawyer you come across will be the most ideal for you, but this is a gross misassumption! Your best bet is to select a lawyer based on the rate at which they will charge you and their payment plan. For example, some lawyers will bill you per hour that they spend conveyancing for you. On the other hand, others will require a one-time payment.
Thus, you will then have to decide if billing per hour will prove more affordable for you, more so if the acquisition of the property will seem to be a straightforward affair. Alternatively, if complications arise, it means that the lawyer will spend substantially more hours on your legal matter. Thus, the coverall cost will be inflated when compared to a one-time fee! Once you have made this decision, you should then inquire if you can make payments to the lawyer weekly or if they will require you to pay a lump sum.