Conveyancing Guide

At Sinnott Solicitors, we have extensive experience of property transactions and we provide a full legal service to purchasers and vendors of real estate in Ireland.

Our Purchaser Services

  • Full investigation of title

  • Registration of mortgage

  • Registration of ownership

  • Returning of title deed to lending institution

Our Vendor Services

  • Taking up your title documents from your lending institution

  • Drafting contracts for sale

  • Dealing with queries from the purchasers Solicitors

  • Taking your sale to a conclusion

Steps Involved in a Typical Transaction

Whether you are buying or selling a property the steps in a typical transaction are generally the same.

As a rule of thumb we say that it takes six to eight weeks to carry out a conveyancing transaction from start to finish and the timeframe is generally dependent on a number of factors including the efficiency of the Solicitor on the other side of a transaction.

Let’s take for example a purchaser who is purchasing a property and wishes to know the steps in the transaction. The steps* in the transaction are as follows:

  • Contact lending institution to obtain loan approval.
  • Agree sale price with Auctioneer.
  • Contact Solicitor to write to the seller’s Solicitor requesting the contracts for saleand title documentation for inspection.
  • Inform your lending institution of your Solicitors details so that your lending institution can send your Solicitor your mortgage documentation for signing.
  • Your Solicitor will obtain from the Vendor’s Solicitors the contracts for sale and title documentation and will raise a number of queries in relation to the documentation furnished.
  • Those queries will hopefully be answered to your Solicitors satisfaction at which point your Solicitor will call you to the office to sign contracts for sale and mortgage documentation.
  • closing date is agreed between the parties.
  • Upon signing the contracts for sale the balance of the deposit is payable by the purchaser and generally speaking the deposit payable upon signing contracts is 10% of the purchase price.
  • After signing contracts the details of the closing of the sale are agreed between the purchasers and vendors Solicitors.
  • A further lengthy title questionnaire is furnished by the purchaser’s Solicitors for answering by the vendor’s Solicitors.
  • list of closing requirements is drawn up by the purchasers Solicitor and agreed by the Solicitors for the vendor.
  • On the closing date the purchaser’s Solicitors and the vendor’s Solicitors meet to close the sale.
  • Prior to that closing searches are conducted by the purchasers Solicitors to ensure that there are no hidden burdens affecting the property or planning issues which may affect title.
  • If all matters are in order the sale may proceed to closing and the purchaser’s Solicitors will hand over the funds to the vendor’s Solicitors at which point the keys will be furnished to the purchasers and the sale is closed.
  • The purchaser’s Solicitor will then proceed to register the title in the name of the purchaser and will proceed to send the title deeds to the purchasers lending institution as the security for the loan that the lending institution requires.
  • Once the title deeds of the purchasers property leave the purchasers Solicitors office the purchasers Solicitors job is complete.

*Currently there are a growing number of properties which are sold by a receiver. The process in a receiver sale is slightly more complex and cumbersome for the purchasers solicitor and a certain degree of risk may be applicable to the purchaser in such a transaction.

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