These are some of the Property FAQ’s that we receive here:
1: Why do I need a solicitor when selling/purchasing a property?
You need a solicitor to deal with the legal aspects of buying and selling property. There are certain procedures that are followed when you buy or sell property. Your solicitor will ensure that these are followed and will always ensure your interests are protected, in particular when dealing with any complex issues that may arise throughout the transaction.
2: What are the steps involved in buying a property?
When you buy a property, you should contact your solicitor who will:
• Review the contracts and check the title to the property and ensure that there are no problems with the title
• They will raise enquires on matters contained within the documentation provided to them by the seller’s solicitors where appropriate
• They will request searches
3: What are the steps involved in selling a property?
When selling a property, you should contact your solicitor who will::
• Check the title to your property
• Draw up the contract for sale
• Deal with any issues raised by the buyer’s solicitors
• Complete the Sale
4: What are title documents?
Title documents set out who the registered owner of the land/property is, it also will give details of any burdens registered on the property i.e. right of ways, life interests or mortgages. Your title documents to a property will include a deed showing you as registered owner, planning documents and any other documents relating to your interest in the property.
5: What is a contract for sale?
A Contract for Sale is a legal document that is drafted by the solicitor for the seller, setting out the contract between the seller and the buyer. It sets out the details of both parties, the purchase price, the closing date, the title to the property and special conditions relating to the contract to purchase or sell property.
6: What is stamp duty?
Stamp duty is charged on the document that is used in the transfer of property. It is paid by the purchaser or person who receives the property.
If you require any further assistance with buying or selling a property, please contact us on 094 9024119 or email us at reception@paulomalley.net
