ARTICLES!
QUICK PROPERTY BUYERS?
- What Is The Best Way To Sell My Property?
- How to sell your house quickly?
- How can I tell if a cash buyer is trustworthy?
- What will a property buyer offer for my home?
- Different ways of selling your home quickly
- Houses bought for cash: does this really happen?
- How much will it cost to sell my home?
- Quick house sales and where to get them
- Sell my house fast: here are a few options
- Will anyone buy my home?
ESTATE AGENTS?
- Recommended Estate Agents
- 10 things you must know about Estate Agents
- Shall I choose the cheapest Estate Agent?
- Do I need a Rightmove Estate Agent?
- Can I trust an Estate Agent's valuation of my property?
- Are there any good online Estate Agents?
- Choosing an asking price that draws in buyers
- Do I need an EPC to sell my property?
- Does my Estate Agent need to advertise my property for sale in the local newspapers?
- Do I need to use a local Estate Agent to sell my house?
- Finding the best Estate Agent
- How do I choose the best Estate agent to sell my home?
- Shall I sell my home privately or sell using an Estate Agent?
PROPERTY VALUATION?
- Free online house valuation
- How to add value to your home
- How to value your property
- How you can use house price data to accurately value your home
CONVEYANCING?
- What is property conveyancing?
- Property conveyancing process for a house seller
- Property conveyancing process for a house buyer
- What about DIY conveyancing?
- How do I go about choosing the best conveyancer?
- Property conveyancing glossary: A guide to the commonly used terms in conveyancing
HOUSE REPOSSESSION
- Repossession process explained
- Ways to stop a repossession
- Where you can get help if you're facing repossession
- Mortgage Rescue Scheme
Property Conveyancing Process For A House Buyer
Property Conveyancing Process For A House Buyer
Although you really do not have to, it is common for someone who is selling their home to buy a new one at the same time. You are therefore involved within the conveyancing process as a buyer and a seller. Now this is in some ways very good news because it means that you are involved in not just selling your old home, but buying a new one. The bad news is that if you are both buying and selling a home then the chances of something going wrong with one of the purchases or sales is doubled and if you have a big chain involved, this can be a stressful process. So what happens in the conveyancing process if you are a buyer?
Initial Conveyancing Steps:
First of all the solicitor or conveyancing representative will obtain a contract pack on the property and you will arrange a survey of the property so that you know just what you are buying. The survey is usually carried out after you have put an offer in on the property and it has been accepted.
Your solicitor or representative will have to carry out Local Authority Searches for you (these check that a Nuclear Power Plant is not planned for next door etc) and if there is anything found in the searches, these will be discussed with you. Also if there is anything strange in the contract pack then the solicitor will chase this for you.
The solicitor or representative will also start to edge towards a completion date, with the date being indicated and agreed with yourself. You will also be advised about the survey results and whether any works have been carried out without the correct approvals in terms of Planning or Building Regulations. This can be a tricky part of the process and diplomacy, a strong nerve and patience may be required by everyone at this stage!
Towards Completion
As you edge towards completion and sometimes it really can seem as if you only edge towards it, it is important that you meet all the requirements from your conveyancing firm or solicitor. So when they ask for the deposit, or for the transfer deeds to be signed etc etc then you need to make an effort to ensure that you keep to deadlines, so that the process goes as smoothly as possible.
Once the contracts have been exchanged between solicitors/firms then you will find that the process tends to be relatively smooth with many of the bumps ironed out. Some last minute show stopper may arise, often due to the failure of solicitors to chase things. For example, unauthorised building works should have been raised and sorted before contracts are exchanged; but the reality is that this can actually happen on the day of completion and if it does, it really can be a case of tears before bedtime for all those involved in the chain.
That is why it is critical to get a good solicitor or good conveyancing firm acting on your behalf. If you have someone who doesn’t care, isn’t interested or isn’t even based in the UK, then you could find yourself embroiled in a nightmare, with the chain collapsing and your dreams dissipating before your eyes!