Nowadays, most of the house sale doesn’t become successful due to delays in the Conveyancing process. What are the things that you could do to avoid all this and better secure your house move?
Tips for Faster Purchase Conveyancing:
There are some things which you need to keep in mind while purchasing:
- Sorting Out Finances
- Choosing an Efficient Solicitor
- Getting the Agent Involved
Sorting Out Finances:
You have to know in your account which type of lender or mortgage you want to go through. Your next step should be to ask them for a DIP (Decision in Principle). That will:
- Ignore the Credit Check Process
- Neglect the Affordability Checks
- Confirming that the house will lend to you
- Tell you about your budget
This DIP will allow you to be in a stronger position. This will help you when looking for a house to buy.
Choosing an Efficient Solicitor:
The level of service in the Conveyancing industry is varied. There is a competition between Traditional Firms and Tech-driven Factories. But no one is better or worse than the other. The thing that is of importance that there should be a proactive approach towards the conveyance process.
It would be best if you learned about Conveyancing Solicitors credentials.
- Do they come under the Quality Scheme?
- Are they a part of Lexcel Accreditation?
- Have they won any awards?
All of the above things should be present in a firm which shows their seriousness. Checking online for reviews is also a good option. But you should not just blindly judge by these reviews because pleasing people is the hardest thing to do when moving home. The things that you should look for are:
- Poor Communication
If any of these issues are present, then you should find another solicitor.
Getting the Agent Involved:
Some agents are like the unsung heroes of purchases and sales. Their interest coincides with the benefit of their clients. The fantastic thing is that they don’t get paid if the deal doesn’t go through. A loyal agent will do his best to get to completion.
There will be only one objective in their minds, which is to collect and deliver documents, and they will do anything to achieve this goal. The thing that you should be doing is informing the client with every latest update. This will help the agent, and he will be able to work much faster.
Tips for Faster Sale Conveyancing:
Some things should be kept in mind while selling a home:
- Picking the Right Time
- The Right Buyer
- Negotiations and Chipping
Choosing the Right Time:
You shouldn’t just sell your house in any time frame possible, but the smart thing to do is to wait for the right time of the year. Land Registry data is proof that spring is the best time to sell a house. If you can wait for spring, then you should probably consider it.
Spring is the season with bright sunlight and warm weather so; the houses and gardens come out beautifully in this season. A lot of people are also known to buy homes in spring, which can be a good thing for you. The problem during summer is that most of the people are on holiday with their families.
Winter and autumn have cold weather, which puts many of the potential buyers to be more concerned with Christmas rather than buying houses. But during September, the scene excites as the people will be eager to buy before Christmas.
The Right Buyer:
Selecting the right buyer can have a significant impact on the success of your house sale. If you are in a hurry and want to sell your house quickly, then the highest offer is not the best option.
There is a general rule that a cash buyer will be able to complete faster than buying a mortgage. A mortgage has surveys in them, which are the reason for delays. It would help if you also focused on buyers without chains because they will directly buy your house instead of selling their own home first and then buying yours.
Negotiations and Chipping:
As a survey ends and the property search reports come, there is always a chance that there might be some issue with the house. These issues are solved by having a word with the buyer. There are various possibilities for that:
- You pay for any repairs
- Renegotiation of price
The buyers might also try a thing called ‘Chip,’ which means that they will make a shallow offer and threaten to pull out from the deal. You should be mentally and physically ready for these kinds of negotiations. You should know the minimum price of our house and try not to get emotional or getting offended during the deal.