Conveyancing is the term used for the legal process of buying or selling a property. This can be both a very exciting life milestone and a frustrating wait for both buyers and sellers, so this article provides some tips to ease the process.
1. Seek professional help
Though it is possible to buy or sell a property without legal advice or input, it is not recommended. There are many ways in which a property transaction could go wrong, severely disadvantaged either party, so engaging the services of a licensed conveyancer will ultimately save time and money.
2. Get the property checked
Have the property independently inspected by a RICS chartered surveyor who will perform a home buyers survey or full structural survey, depending on your needs, budget and the type, age and style of property that you are buying. This will identify any issues which may affect your purchasing decision or support price negotiations. A conveyancing specialist such as https://www.samconveyancing.co.uk/homebuyers-survey will be able to assist you in finding the right surveyor.
3. Read the contract
The sale contract is a legally binding document, so take the time to read it carefully and clarify any questions or concerns with your conveyancer. It is vital that you understand your obligations to ensure a successful and smooth sale.
3. Sort out the money
A mortgage broker will give you a mortgage agreement in principle which will largely set your budget. Make sure that you have sufficient insurance in place as soon as the contract is signed to guard against unforeseen events such as natural disasters, fire or theft.
4. Always talk
Your conveyancer is there to help you, so ask them questions and provide them with the information that they require. Be honest and you will avoid unnecessary delays and complications.
