Conveyancing as the legal transfer of property from one owner to another. There are two key stages in conveyancing real estate: the exchange of contracts when each party knows the transaction will proceed, and completion when the property is transferred to the new owner.
Conveyancing real estate can involve significant legal and administrative work to do before the process is complete. While the conveyancing process is fairly similar for each real estate transaction, each transaction will involve different aspects to consider.
If you are obtaining a mortgage, a conveyancing solicitor acts on behalf of the buyer and the lender. All the lender’s conditions in the mortgage offer must be dealt with before funds can be requested from them. We therefore urge buyers to check their mortgage offer and ensure any conditions are dealt with as soon as possible.
For further information on Conveyancing, as well as our other practice areas, call us at (250) 544-0727 or email us at info@saanichtonlaw.com today.