Buying or selling a house can be very complicated and the conveyancing process can be very difficult to explain to clients. With all the legal jargon, areas where transactions can fall through, the searches, the surveys, even some in the profession can grow tiresome of conveyancing.
Luckily to help clients understand the process, Rob Hailstone, CEO of Bold Legal Group has put together a short video to help explain the process.
The video shows how buying and selling property is like snakes and ladders as there are numerous ladders which must be climbed, but there are also snakes which can halt or even ruin your progress as you try to reach the end and finally get complete the process.
Hailstone said he created the video in order to “help explain the conveyancing process to clients, and maybe some others involved in home buying and selling”. He continued:
“As we all know, home buying and selling can be complicated and protracted, usually for very good, but often misunderstood reasons. Delays can be made worse if a particular transaction is one in a chain of transactions. However, many home buyers and sellers do not understand even the basics, and do not appreciate the difference between exchange of contracts and completion, let alone understand the chain concept, searches and enquiries.
Written explanations [even if looked at] often leave people more confused about the process than before they read them.
With all of this in mind, I have, at last, had produced a video I hope will help with this perennial problem. There is of course only so much information you can convey in a 90 second video, so with my fingers firmly crossed.”
The video can be seen below.
