Educate Yourself About Law

How to Buy a New House Virtually in the New Era

by Erika Reed

If you've been planning to move home for some time, you may be confused by the restrictions introduced following the outbreak of the pandemic. You may wonder whether you can continue or whether you need to put your plans on hold, and you will undoubtedly be looking for answers. While there is, of course, a degree of uncertainty moving forward, it's good to know that you can still view properties, make an offer and close — even with social distancing measures in place. How is this even this possible?

E-Conveyancing

In recent years, the world of conveyancing changed for the better when electronic signatures became the new normal. This solution has been in place for some time now, and it means that you do not have to attend your lawyer's office for a "settlement" day as you did before. Now, the conveyancer will send all the documentation in advance to all parties so they can check that everything is in order. Then, everyone can sign and bank officials can transfer the money electronically across in the blink of an eye.

Working Remotely

However, you have to get to that point first, and this means that you will need to have a look at properties and decide if they are right for you. It may not be possible to do this traditionally for some time, but you can nevertheless take advantage of technology here as well.

Inspection

Many agents are making it possible to do a video walk-through of a particular property and will make this available once you express interest. In some cases, an agent may be able to walk through the house while they talk to you via video link so that you can ask questions and they can show you some of the answers as you go along.

Negotiation

Once you have found a property that you are interested in, you can conduct the rest of the negotiation electronically. You can talk to the seller via video link at your leisure and, of course, exchange any emails as the process unfolds.

Working with a Conveyancer

As always, however, make sure that you work with an experienced conveyancer at every stage. They'll look after your interests, make sure that you complete the necessary formalities and help you to settle electronically on the big day. You can then take possession of the keys and make arrangements for the big move.

To learn more, contact a conveyancing solicitor.

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