Is the buyer or seller responsible for the searches?>
It is you, as the buyer, who is responsible for checking that all is well with the property you are buying. This is why your conveyancing solicitor will order a set of standard searches (Local Authority, Water and Drainage, Environmental, and Chancel Repair – these are also the searches requited by your mortgage lender), plus additional searches dependent on the property, recommendations from the surveyor in the survey report, and the location and history of the area.
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Should I list my property with more than one estate agent?
The choice is entirely up to you and your specific circumstances. Going with a sole agent is probably the cheapest option (although the reach to buyers is dependent on how many clients are on their books), while multiple agents will be more expensive (but will reach a broader client base).
If you’re looking for a quick sale or the market is rather sluggish, it makes sense to put your property on with a number of agents. If the market is buoyant, it makes more sense to place the property with a sole agent.
Whichever you choose, you should always check the terms and conditions so that you know what service you’re getting for your money and how much it will cost you once the home is sold. You should also understand if there are penalties should you decide to place the property with more or fewer agents later on during the agreement period.
What’s the difference between residential and commercial conveyancing?
In essence, there is very little difference between the tasks needed for residential conveyancing against commercial conveyancing. The real difference comes in the type of property and the purpose for which it is intended to be used.
The majority of residential transactions are freehold, whereas commercial transactions are almost exclusively leasehold, and commercial property conveyancing searches will tend to be more expensive because the structure and land will occupy a greater space on average than that for residential property.
Should I change the locks after I move in?
It would be a wise move to replace the locks upon moving into your new home, for peace of mind if nothing else. Although you may have received a number of copies of the keys, you may not know accurately whether that bunch constitutes every copy.
Although changing the locks will be an extra cost, you may find that buildings insurance may look on the move favourably, too.
Need guidance on what to expect from the conveyancing and legal work associated with your planned move? Call our team at Homeward Legal on 0800 038 6699 and they'll get you set up today.
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.