Whether you are buying a property, or you are selling one, one of the things that you are going to need to consider is whether or not you want to hire a conveyancing solicitor. There are numerous benefits to doing so. However, many people think that they are able to act on their own behalf by carrying out the conveyancing work themselves. Of course, this is not the case. Before you decide to carry out DIY conveyancing, it is a good idea to weigh up the dangers. Here are a few of them.
Mistakes big and small can be huge in terms of cost
This is one of the biggest dangers that comes with do it yourself conveyancing, and unfortunately, many people will learn this the hard way. If you don’t have any legal knowledge, and you don’t have a legal background, then there is every chance that you may make mistakes when going through the conveyancing process. Unfortunately, although these mistakes can be small, they can be astronomical in terms of cost.
Missing things out on the contract could cause big problems
One of the things that a conveyancing solicitor will do once they are instructed is to draw up a draft version of a contract. This is then passed to the buyer’s conveyancer, and won’t be signed until both parties agree. Obviously, this is something that you will have to do yourself if DIY conveyancing is the option that you have settled on. The problem is that little mistakes on your contract could cause big problems in the long run.
You could misinterpret information
Obviously, a conveyancing solicitor will have the knowledge that is required to know exactly what the buyer’s conveyancing solicitor is talking about. Unless you have a background in property law, then it is very easy to misinterpret information.
As you can see, there are plenty of dangers that need to be considered, when it comes to DIY conveyancing. If you want to make sure that you are not affected, then it would be wise to consider hiring a professional conveyancing solicitor. It’s useful to know that conveyancing fees can be competitive especially if you shop around online for a quote. There are a range of solicitors to choose from as well as comparison websites which enable you to obtain a quotation from a number of firms, thus allowing you to compare and opt for the quote which suits you the best.