When you purchase a business or sell one, you need to have certain things done legally. While it can be possible to do it yourself, you stand to lose out in some way without the benefit of advice from lawyers & solicitors or a professional conveyancer who is legally trained in the job.
For a start, if you are working business hours what time will you have to do all the things that must be done in business hours? Having a professional do all the legwork necessary can only be a blessing.
So, which should you get; conveyancer or lawyer? Contrary to what many people think, it is not necessarily cheaper to use a conveyancer instead of a solicitor. Each one has their own fee structure. Some may work for themselves and so possibly charge less, while others work for a large firm and must charge what is dictated by the board of the company that employs them.
If you have bought or sold a business or a property you will know that exchanging the contracts is not the end of the matter. Settlement only happens when the money is paid into the seller’s account, but there are certain things that must be done first and these are part of the conveyancing process. It is wise to get conveyancing legal advice to take care of this because there is quite a lot involved in it.
The time between the contracts being exchanged and the money being paid is put to good use in doing searches to ensure several things: –