How Conveyancing Works in Vancouver
If you’re in the process of purchasing a house, it won’t be long before you hear the term “conveyancing.” Buying a home is exciting⏤but the process can feel overwhelming. Learn more about the conveyancing process in BC and how the experienced real estate lawyers at Morris Law can ensure your purchase goes smoothly.
Real estate conveyancing in BC
Once you’ve found the house that’s a good fit for you, it’s time to get serious about setting the buying process in motion. “Conveyancing” is the name of the process of transferring the title of a property from the seller to the buyer, in other words, making your property, yours. It requires that many legal requirements are met and that numerous documents are signed and copied.
Hiring a lawyer or notary
In BC, the conveyancing is often facilitated by a real estate lawyer or notary.
The real estate lawyer’s role is to deliver what you’re expecting, without surprises. In simple terms, this means registering your name on title as the owner of the property free of any financial complications.
A good lawyer will walk you through the whole process, making sure you understand the paperwork, and ensuring things are done on time.
Another bonus of using a lawyer? They can help protect you from real estate fraud. It’s possible for someone to pretend to be the owner of a property and sign documents fraudulently; a lawyer can help spot such problems.
What is involved in the conveyancing process?
The actual process of conveyancing is a very rigorous process. Over the course of the conveyancing process, the lawyer or notary will:
- draft and review the Contract of Purchase and Sale with an eye for any potential pitfalls
- conduct “due diligence” on your behalf, including searching the title to the property to determine whether there are mortgages, outstanding taxes or other issues that might impact your property purchase
- collaborate with the seller’s lawyer, your mortgage company, the realtors, and your insurance company to prepare to complete the transaction
- receive and review mortgage instructions, ensuring financing conditions are met
- pay the purchase funds to the seller’s lawyers in exchange for the keys
How long does conveyancing take?
Conveyancing a home can take anywhere between 3-8 weeks to complete, and with delays caused by the pandemic, you can expect a lengthier process than normal. However, with safe and secure mobile legal services like those offered through Morris Law, you can avoid the wait time caused by arranging in-person meetings and speed up the process.
Are you a homebuyer who is ready to start the conveyancing process?
Seeking help for a service like conveyancing shouldn’t have to be tedious. Our personalized approach and years of experience at our downtown law firm distinguish us from other firms. With flexible hours and mobile legal services, we will take care of your conveyancing process in Vancouver with as little hassle as possible.
Contact our conveyancing lawyers today by filling in the contact form on the website or calling our office to schedule a consultation.