CURRENT LEGAL ARTICLES

 Dylan Green & Associates provides expert support and guidance for buying or selling a  property. With legal expertise, we ensure a  smooth and hassle-free transfer of the legal title, so you can enjoy the full benefits of the transaction. Trust us to handle your property transfer requirements with care and competence. 

 What does Conveyancing mean?  

 In law, conveyancing is defined as the transfer of legal title of property from one person to another. It involves the acquisition and transfer of estates and interests in land (Irish  Conveyancing Law). A conveyance has two major phases: the exchange of contracts and the completion. This property ownership transfer is done through the deed of conveyance. That deed must contain some details, such as the date, names of the parties, narrative or introductory recitals (setting out the facts, instruments necessary to show title, motives,  etc.), operative clause, parcels… 

 What is the Conveyancing process? 

 In general, the timeline of a conveyance can be broken down into different steps:

 1. Negotiations and agreement on the sale

 The buyer and the seller should agree on the purchase price. Then, the estate agent will issue a Sales Advice notice to both parties solicitors.  

2. Pre-Contract Enquiries 

The vendor’s solicitor will draft Contracts for Sale, and the buyer’s solicitor will apply for the mortgage and raises pre-contract enquiries. The deed  

3. Exchange of Contract Once the terms of the contract have been fully agreed upon and the title to the property has been investigated, the purchaser generally proceeds to return the signed contracts.  A deposit of 10% of the purchase price to the vendor’s solicitor will be required.

 4. Completion of Sale Both solicitors arrange for the final closing date of the sale. The remainder of the purchase price is then paid, and the buyer can finally move into the new home!

5. Post-closing matters After the Completion of the Sale, Stamp Duty is a tax that must be paid when you transfer property. Generally, it represents 1% to 2% of the final purchase price. Also,  the Registry of Title must be considered. Those fees are required to register the title deeds to either the Registry of Deeds or the Land Registry; those fees rise with the  property’s value and are usually between €400 and €800. Besides, a fixed fee of €175  is paid if a mortgage is raised on the property. 

How long does Conveyancing take?  

This process can take two weeks to over a year if not done properly. The professionalism and efficiency of Green & Associates will fasten the process, which is usually between six to eight weeks. 

 What is a Conveyancing solicitor?  

 For instance, you need a Conveyancer, or a conveyancing solicitor, to ensure that the buyer receives the title deeds after purchase. Conveyance work should be done properly,  and Green & Associates Solicitors are a good fit for your transaction to go well. It is important to involve professionals, usually at least two (one acting for the vendor and the other for the purchaser) because there could be a conflict of interest if only one solicitor is employed. 

 What does a conveyancing solicitor do?  

 The solicitor oversees the exchange of contracts, raising and negotiating any title queries, as well as the draft of the closing documentation, which will be dealt with by your solicitor. Post-closing matters, meaning after the purchase, will also be handled by your solicitor. More about our conveyancing services: 

https://greensolicitors.ie/property-transactions

 

What is Conveyancing in real estate?  

 Real estate conveyancing is a term used for buying a house or home. But conveyancing also covers residential properties, buys or sells, commercial leases or land conveyancing.

 Conveyancing when purchasing a property  

 Green & Associates solicitors can assist you if any problem arises during the transaction or with the legal titles. They also can answer your questions, such as on loans and repayments. They want you to know the rights your spouse, civil partner or co-purchaser will have over the property when purchased. A solicitor could advise you on whether to buy the property in shares or as joint owners and if so, they will have to inform you of what it involves. 

 Conveyancing when selling a house  

 Any pre-contractual matter will be taken care of by Green & Associates (e.g., the location of title documents to your home). A solicitor will also draft the contracts for sale in advance, and one could be required to review the title to identify any potential difficulties. Dylan Green’s counsel also advises on whether you should accept an offer which is “subject to loan” and, if so, on what terms. Besides, a solicitor will identify the contents to be included or excluded from the sale.  

 What are conveyancing fees?   

 Fees for conveyancing depend entirely on the property price, and they are different, whether it is the fees for sale or purchase. For both buyer and seller, the cost depends on the solicitor’s professional fee since they will be using their time and expertise on your case.  But there are other outlays. In some cases, the ones that must be considered are Stamp Duty, the conveyancing deeds fees, and the mortgage. 

 What are the statutory provisions? 

 The Land and Conveyancing Law Reform Act 2009 reformed and modernised the previous legislation and provided for the replacement of certain statutes. This Act governs the ownership of land, the trusts of land, and co-ownerships. It also covers conveyances (part 9), meaning the contracts relating to land, the title of property and  deeds, and the mortgages (part 10)