Are you planning to transfer your property to a loved one? Switch to low cost conveyancing to save some money. Conveyancing is the legal process of transferring property titles from one person to another. The process includes purchase, sale, mortgage, and transfer of every property be it a house or a plot. In the United States, conveyancing costs range from $800 to $2, 500, which can be a lot for some people. Law firms usually charge by the hour. Since the process is complex, it can take up to six weeks to complete the transfer.
To reduce costs, consider hiring a licensed conveyancer rather than a law firm. These professionals are solely dedicated to the conveyancing process and hence offer much cheaper services. They also provide faster completion time frames. Nevertheless, they can only offer services on residential properties and not commercial properties.
You could also opt for doing the conveyancing process yourself, but be warned that it is complicated and time-consuming. You must consider your availability and competency before committing to the process. You would need to familiarize yourself with the legal jargon and implications when filling legal forms like contracts that accompany the process.
Low cost conveyancing is a sure way to reduce your overall property transfer costs. Consider all the available options and their respective pros and cons. With this knowledge, you’ll be all set to save some money on your next property transfer.
