What factors will contaminate land in Llandeilo. Are these thoroughly investigated?
Property can be contaminated by several naturally-occurring factors. Contaminants like sand or gravel pits or pollution incidents will be investigated during the conveyancing process.
Can I agree a sale price without involving an estate agent or solicitor?
This depends on whether you have signed up with an estate agent and what agreement is already in place. While it might seem unfair if you’ve found a buyer outside of the estate agency process and you’re expected to still pay the agent their fees on sale, you should be very careful about stepping outside the agreed terms and conditions since this is legally binding and you may face penalties as a result. Therefore, if you want to follow this course, it’s worth checking the details with a solicitor to ensure you’re following the letter of the law.
If you’re not with an agent, you can publicise your house details with a number of publications and online sites (some are free, others require a fee), but you’ll need to do all the legwork and administration. For a legal standpoint, you don’t need to appoint a solicitor to perform the conveyancing, but it would be an unwise option to pursue as you will probably have neither the training or experience in some its complexities, and you won’t have the protective indemnity insurance in the event of a problem arising with your work.
I am purchasing a Llandeilo property with Lloyds TSB - what will I need to consider?
Some lenders have reduced their 'solicitor panel', potentially creating increased conveyancing costs for purchasers. Homeward Legal can act for most lenders in the UK.
I am buying a 1960's property, is it that significant that searches are carried out?
Searches are a typical pack of enquiries undertaken on your behalf, including a coal mining search. Conveyancing searches are very informative, but refer specifically to legal facets of the purchase.
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.
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.
My partner and I are buying in Llandeilo. Are there any conservation areas in the area?
There are several areas of conservation located near Llandeilo. Your property solicitor will be able to provide more details and discuss what specific restrictions are in place.
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.