Conveyancing is the formal process of giving someone else ownership of a piece of land. Property purchases are big investments that will last a long time, so it’s important to have an experienced conveyancing lawyer like Conveyancing Lawyer Shakirin to make sure everything goes smoothly. Here is a full list of what to expect in every stage of the Singapore home buying process.
1. Background study and the first steps
Property Size and Price: Find out how much the property costs and how much land or floor space it has.
Financing: Whether it’s a mortgage or a CPF savings account, Conveyancing Lawyer Shakirin can help you look over your loans.
Title check and Verification: Attorney Shakirin will do a title check to look at:
- Property Tenure: tells you whether the house is private or leased.
- Encumbrances: Lists any debts, caveats, or other claims that are already in place.
- Ownership Status: Verifies who the listed owners are and what kind of ownership it is, such as joint renters or tenants-in-common.
Making sure there is a good root of title: We will check the seller’s title to make sure it is legal and valuable and that there are no problems that could stop the property transfer.
2. Signing contracts and keeping track of payments
Negotiations and legal documents: As soon as you decide to buy, Shakirin will discuss the terms of the Option to Purchase or Sale and Purchase Agreement.
Lodging a Caveat: Lawyer Shakirin files a caveat with the Singapore Land Authority to protect your claim to the land and let other people know what you want to do.
Arrangement for Payment: Lawyer Shakirin will handle the conveyancing money through a designated account to keep things safe. This account could be a law firm’s conveyancing account, the Singapore Academy of Law’s Conveyancing Money Service, or an escrow account that is managed by both the buyer’s and seller’s lawyers.
3. Taking possession and completing the transfer
Final Inspection: Before the purchase is finalized, Lawyer Shakirin will set up a final inspection so you can be sure the property is free of any problems.
Getting Title Documents: To complete the conveyancing process, Lawyer Shakirin will make the transfer happen by giving you:
- The certificate of title,
- A transfer form for official ownership change, and
- Keys to your new property, completing the conveyancing process.
Buying a house can be complicated, and you need to pay close attention to all the legal details. With the help of Conveyancing Lawyer Shakirin’s knowledge, you can feel sure at every step, from doing the first study to closing on your new home. Get in touch with Conveyancing Lawyer Shakirin right away to make sure your Singapore property deal goes smoothly and safely.
