Conveyancing In Woore Q & A's
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.
Is gazumping accepted in Woore?
This happens when a lower offer is, following agreement, later rejected by the owner, in preference to a greater offer. The will be a risk of gazumping in any transaction, because offers are not binding until exchange of contracts. You should instruct your conveyancing solicitor as soon as possible to reduce the chance of your transaction being gazumped.
What are property searches in reference to?
Conveyancing searches are a pack of queries undertaken on your behalf, which may include a drainage search. Purchasers need to be aware that, searches only relate to issues with the property's title.
Should we get a chancel search? We are buying near a priory built in the 1400s in Woore.
Chancel liability repair costs can run into £100,000s, which owners of affected property will be compelled to pay on demand to the Woore Church council. Insurance may be available to protect a buyer should a Woore Parochial Church Council enforce liability. Church of England properties in the local area include S.Leonard.
What’s the difference between exchange of contracts and completion?
When you exchange contracts, this means that you are agreeing to all the terms drawn up within the contract made between you on one side of the transaction, and the opposite party on the other side. It is from this point that you are legally obliged to go through with the transaction (unless you want to be subject to financial and/or legal penalties).
The completion of contracts is the point where you officially take over ownership of the property, receive the keys and can move in. All monies are transferred between the various parties and the conveyancing solicitor contacts the Land Registry to register the change of ownership to you.
Confused by the jargon in conveyancing? Let Homeward Legal's straightforward and clear service help guide you to as early a completion as possible. Try our online quote generator or call us on 0800 038 6699.
How can we determine more data about the conservation areas in Woore?
Local Woore conservation area matters e.g. trees or rundown streets are governed by the local authority (Newcastle-under-Lyme).
English Heritage have created a list of the condition of conservation areas along with the risk of a decline in standards.
When is it appropriate to instruct a solicitor to handle our purchase?
Whether you are buying or selling in Woore, instructing as soon as possible is wise. Some authors recommend postponing instruction until a chain is completed, but delays can risk the other side pulling out, particularly in uncertain market conditions.