Why Is Conveyancing Complex?
Here at Homebuyer Conveyancing we turn the complex into the understandable.
Why So Slow?
So many times we hear about slow conveyancing that impacts on all parties with many Buyers and Sellers now avoiding property chains.
The weakest link in the chain often causes the house of cards to fall. It’s a real issue. The bottom of the chain is often a First Time Buyer or Investor that is wanting to negotiate the best deal possible.
An investor focuses on Yield and every reduction in price instantly improves the yield. The First Time Buyer may have thought they had the necessary funds but then just at the last minute the Lender may want further clarification on where the funds have come from.
Everybody is cautious and must work to strict financial guidelines.
Encountering Conveyancing Problems
The Buyer may reduce their offer at the last moment. This is risky as the Seller may then re-advertise the property or take a higher offer. When this happens the rest of the chain must wait until the transaction wants again move forwards. Property chains then stall.
What’s The Secret To Success?
When Buyers make an offer, to buy a property they should first establish the current situation of the Vendor.
Are they still house hunting?
Are they in a position to transact and sell fast?
Do they really want to sell?
What’s included in the sale?
Trying to establish urgency is key.
The Buyer is in the same situation. They must demonstrate to the Vendor that
They want the house and aren’t simply making multiple offers on many properties.
That they have the funds ready and if required have a mortgage on stand by.
They are clear on what realistic date they can work towards for exchange of contracts.
The Conveyancing Plan
If you are buying property or about to, then to get yourself ready to transact fast. You should find a Solicitor to manage your property legals ideally several weeks before offer acceptance stage.
Compare best online buying conveyancing quotes by visiting the Homebuyer Conveyancing price comparison website.
The great news is that this website lets you compare quotes without the need to enter any contact details. No spam!
You can then decide which Solicitor is best based on cost, location and by Mortgage lender.
It Gets Better!
The buying conveyancing quotes include a search pledge.
Should your transaction fail through no fault of your own then the pledge covers another set of searches for your replacement property up to a value of £300.
Alternatively call 0345 463 7664
Comments
Post a Comment