Friday 26 March 2021

Instruct A Solicitor Before Offer Stage - It Makes Sense!

If you are moving house or a First Time Buyer, Investor then it makes sense to compare live conveyancing quotes online just like you would when reviewing car insurance, energy and broadband. You want an idea on what the cost savings will be.

Moving house can be costly and if you wait until offer stage to instruct a Solicitor then you are behind the curve. You want to be ahead and ready to push the transaction to an early exchange of contracts.

Go online, compare legal pricing with Homebuyer Conveyancing and make an informed decision on who to instruct.

You can take a quote away and schedule a direct call back to discuss your quote. No hidden fees but you will want to check. Understand that if your property purchase fails through no fault of your own your search pledge that is included within your quote will cover another set of searches for Free up to a value of £300. That’s a massive saving and a great bonus to have when you may need to change your course.

The Priority Is To Get To Exchange Of Contracts Within 3 Months

If you have instructed your Solicitor prior to offer stage then you will have received your Client Care Pack and returned signed the terms of engagement. The majority of Solicitors will accept scanned documents with the actual documents then posted. A belt and braces approach at the start is always worth it.

Once the solicitor receives your signed terms the conveyance will start by carrying out ID checks. Then they can prepare your sales contract should you be selling your property. That means that when a Buyer comes along you can swap solicitor details and the experts can get moving with the conveyance. Failing to plan will extend your Conveyance. It could go from 3 months to 6 months and maybe result in a failed transaction.

It’s All About Conveyancing Priorities

Plan your move and understand what the total legal cost will be, use professionals that have great google reviews and do make a call to the online conveyancing comparison website that is marketing the High Street Solicitors. Some comparison websites do not monitor available capacity. They should and Homebuyer Conveyancing does.

Local Authority Delays?

If you are buying in a County where the Local Authority has significant delays to provide the local property search data, then it is wise to use a Homebuyer Solicitor that has access to an express search or an indemnity policy.

Your Chosen solicitor needs to have an alternative solution at the ready. Why wait for delays to scupper your property deal. Why accept poor performance. From the outset understand what a realistic exchange of contracts date is. If the Solicitor is saying that it will take more than 3 months then an issue is causing that to happen. Try and understand what the issue is, maybe the Buyer hasn’t the funds at the ready to proceed and they are in the background trying to fix it. Not really acceptable when they placed an offer on your property “subject to survey” and “not subject to funding”.

Plan Ahead Your Route To A Successful Completion

man sitting in a boat

Take stock of your move and from the outset set key milestones. These milestones can represent when you want reliable conveyancing updates from your Solicitor. You will also be able to discuss the timeline between each milestone.

That will ease the pressure and and bring focus on what’s important to delivering a rapid conveyancing exchange of contracts.

Slow conveyancing can be down to a poor start which is often the Seller not being ahead of the game when they accept the offer.

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