How long on average should I expect it to take my property solicitor to get through the legal process on a flat in a forties home we are intending to buy?
It can take anywhere between one month and three months dependent on various issues such as the efficiency of the sellers lawyer, or renegotiations. Our highly solicitors are focused on pushing transactions through you moving home as quickly as realistically possible.
For a fast exchange and completion on the purchase of a £501k property, what do we need to do?
Importantly, contacting a communicative solicitor is key fast conveyancing. When choosing a solicitor, you should ask yourself the following: Do they work on a 'no sale, no fee' basis? Was there a delay delivering a quote? What methods of communication do they use? Posting documents can adds days of waiting to a purchase.
There are a lot of books about handling the legal work when buying and selling a maisonette , Would it be prudent to carry out the legals on our own?
There is no argument why you shouldn't take care of the conveyancing without a dedicated property lawyer in Baldock. The truth is however that a Baldock conveyancer typically handles a long list of assignments e.g. approving contract or applying for searches which are more safely handled with appropriate the relevant training. Fundamentally have a go conveyancers do not have sufficient insurance that all solicitors firms are liable to be required to be in possession of.
Can I withdraw my offer on a property at any time?
When you make an offer on a house that has been accepted by the vendor, you can ask them to take it off the market as part of the acceptance. If you are selling, you can show your intent by agreeing to remove it from other potential buyers’ interest.
As a buyer, you can withdraw your offer at any time (and, as a seller, you can reject an offer at any time) up to the exchange of contracts, which means you are now legally committed to go through with the transaction at the agreed price. You should check your contract with both the estate agent and your conveyancing solicitor as there may be fees and other penalties associated with pulling out of the transaction after the offer was initially agreed.
If you decide to withdraw from the contract after exchange, then you are in breach. This means, if you’re the buyer, the seller is entitled to keep whatever agreed sum has been set for the deposit, and could claim damages; as the seller, you will be liable to pay interest accrued during the Notice to Complete period as well as the deposit, and the potential for claiming losses, and the buyer has to return everything about the property at the seller’s expense.
What do I do if new and severe damage is found after moving in?
You should reasonably expect the home into which you’re moving to be cleared, clean and without additional damage. Of course, things can happen as removals can chip plaster, scratch or tear wallpaper, etc., but if there is significant damage that was not present before, it would be advisable to talk to your solicitor to see if there is any recourse for you on your seller.
You may also like to think about writing a clause into the contract that money will only be released after a cursory inspection of the premises to confirm that you are happy. This needs to be agreed with the seller’s solicitor, but the expectation is already raised. Beware that, in the chaos of the moving day, you can’t afford to delay things too much, so it’s a fine balance.