Please explain why sale conveyancing goes on for so long?
The Aldridge conveyancing process may be subject to numerous interruptions or delays for a variety of reasons. Sometimes, the causes are unhappily out of a lawyer's control, Homeward Legal, however, appreciate how disruptive they may be and work hard to reduce their consequences whenever we can.
What do I get for my money from an estate agent?
A good estate agent will be able to bring their local knowledge into your transaction and reduce the amount of stress you might experience as part of the whole moving experience.
Although it might seem that agents do very little for their clients, they will help you set the sale price for your home by using their knowledge of similar properties, a large part will involve marketing your home by expressing it in its best light online and through fliers, phone calls and emails, etc., they will conduct viewings with ay interested potential buyers, manage the negotiations on the offers as they come in and, by law, they will also have to take all necessary steps to ensure the buyer is serious about entering into the contract to purchase the property when an offer is made.
However good you believe your chosen estate agent to be, you should take time to read through the terms and conditions thoroughly to understand what you’re paying them and what you’re going to get for your money.
We are buying on a Aldridge ex-industrial use land. Can the soil still be contaminated?
With the history of industry in parts of Aldridge, soil contamination is inescapable. Metal contamination of soil in Aldridge is more likely to occur near waste treatment sites. Data on other contaminants, like water contaminants such as silage and insecticides, will also be included in an environmental search.
Who do I give the appliance warranties to if they are being left at the property I’m selling?
If you are leaving what is generally termed ‘white goods’ at the property you are selling, which are still in warranty, the documentation should be given to your solicitor so that any warranties can be given to the buyer’s solicitor as part of the contract.
Note that, should you be leaving any electrical (or other) items at the property, this should be made clear on the Fixtures and Fittings Form (TA10) and agreed as early as possible between you and the buyers, particularly if you want financial recompense in so doing.
Is it easy to sell a house without using an estate agent?
It’s relatively straightforward to sell your own home without involving an estate agent, although you should be warned that it’s a time-consuming process (which is why agents set a certain fee to pay for their time in getting your home sold).
First you need to get a proper valuation of your home, which can be done by paying a chartered surveyor and registered valuer, or you can research the house prices in the area for similar properties to get an idea of how they are selling.
Once you are happy with the price, you can advertise the property (there are several free sites that allow you to do this). Legally, you’re required to obtain an Energy Performance Certificate for the property before putting it up for sale, so you’ll need to organize a registered energy assessor to create this for you. Then you can start arranging viewings and negotiate an agreed price with anyone who is interested.
We would recommend, however, that you sign up with an estate agent as they can do all the leg work for you. The key thing, though, is to understand their fees and rates before signing an agreement with them.
The purchase is completing next March. What should be calculated for stamp duty?
The Stamp Duty Land Tax owed is calculated based on the valuation. On a £865000 house or flat, stamp duty will be £34600 (source: www.hmrc.gov.uk, 12/03/2013).
When in the process is it appropriate to arrange a conveyancing solicitor to act on our sale?
In simple terms, earlier is preferable. The legal work can then start immediately. Instructing a solicitor early can reduce any chance of your purchase or sale stalling.