When selling a house, there is a lot that you are responsible for, so it is important to make sure that you have a trusted conveyancing solicitor to work with. They can ensure that you have a properly drafted contract in place and that you have provided all of the necessary information for your buyers. This can ensure that the process stays on course and that you fulfil all of your legal commitments.
Why You Need a Solicitor for Selling a House
Selling a house is a huge legal commitment, and so it is important that you get it right in order to stay within the law. Employing the services of a qualified conveyancing solicitor means that everything is done correctly, helping you to avoid larger headaches further down the road. They are also better placed to deal with any queries that might come from your buyers and can offer you knowledgeable advice if you encounter any problems.
There is also a huge amount of work to do when it comes to drafting contracts and dealing with mortgage companies, and it can be difficult to find the time to do this when dealing with everything else involved in a house move. Your conveyancing solicitor can take much of this off your hands, saving you precious time and a lot of stress.
{quote}
The Role of a Solicitor in the House Selling Process
Once you have accepted an offer on your house, your solicitor can start to prepare the legal documents. They will supply you with forms to complete about the property, and use these as the basis for your contract, which can be sent to the buyer. If you have a mortgage on your property, your solicitor will contact the lender for a final resettlement figure and will also obtain the title deeds of the property.
Once your buyer is happy, an exchange of contracts can take place and your solicitor can help to negotiate a completion date that works for all parties. They can then act as the recipient of the deposit that is paid and approve the deed of transfer. On completion, they will ensure that all funds have been received before the keys to the property are released and will organise the final accounts and settlements before handing over the deeds.
How to Find the Right Solicitor for Selling a House
When you start the process of looking for a conveyancing solicitor, you should seek the advice of someone you trust. Your estate agent might be able to recommend someone that they have worked with before, or friends and family may have had good experiences that they can share with you.
It is important to be able to work closely with your solicitor, so make sure that they have good lines of communication as well as all the necessary qualifications and memberships to ensure that they can do the job that you need competently and efficiently.
{guide}
The Importance of Hiring a Local Solicitor
Local solicitors have a unique knowledge of the area that can prove to be a huge advantage. They will understand the local housing market and be aware of any complications that you might encounter regarding local laws or planning issues.
A local conveyancing solicitor should also have strong links with other professionals in the area, and so can work well with estate agents, lenders and other solicitors to make sure your house sale is as smooth as possible.
Top Reasons to Choose Our Services
At Lovedays Solicitors, we are completely dedicated to you. We have invested in all of the latest technology to allow us to spend more time with our clients, building relationships, answering questions and making sure that the sale of your house is all going to plan. We have 100 years of experience in the area, giving us experience and expertise that is hard to match.
With offices in Matlock, Wirksworth and Bakewell, we know the local area better than anyone, and we offer a first-class, face-to-face services to make sure that your house sale is a successful and hassle-free experience from start to finish.
{quote}
The Legal Process of Selling a House
When selling a house, you will need to produce a contract of sale which is legally binding when signed. This will need to include all of the details of the property and the seller, as well as the title number and the agreed purchase price. You are also required to disclose as much information as possible about the boundaries of the property and any known disputes, complaints and proposed developments.
The contract should also contain details of any fixtures and fittings that will be included with the property and any other factors that the buyer should know or terms that have been agreed with the buyer.
Once this has been signed by both parties, it must be adhered to, so it is important that it is legally correct. This is why a conveyancing solicitor is involved, to make sure that the contract is not only correct, but also fair and reasonable for all parties.
Signing this contract is legally binding, and pulling out of the sale at this point does give the buyer the right to sue.
Understanding the Costs Involved
There are a number of costs involved in selling a house, and it is important that you know what these are before you start, as it could affect the amount that you need to achieve from your sale price, or the savings that you need to have in place.
Most people will use an estate agent to sell their house, who will either charge a set fee or a percentage of the sale price, which could be anything from 1% upwards. You will also need to pay for an EPC certificate to supply to your buyers.
Your conveyancing solicitor will deal with all of the legal aspects of your house sale, and the cost of their services can range from £600 to £1500. It is important to remember that if you have a mortgage on your property that there may be fees involved in paying this off which you will also need to factor into your costs.
Don’t forget, you may also need to consider costs such as removals or storage as well.
{guide}
Common Problems and How to Avoid Them
A common problem that many sellers fear, is losing out on their sale because their buyer has changed their minds and so it is important to be upfront and honest when selling your house. Make sure that your valuation is fair and that you have disclosed anything important in the initial stages so that your buyer does not get any surprises further down the line that may cause them to want to pull out or reduce the offer that they have made.
If you are looking for a quick sale, then it is important to assess all of the offers that you receive and the position that each buyer is in. Sometimes, it is better to choose a buyer with no chain or a someone who is already selling their property, rather than the person who simply offers the highest price.
The most common delays are often the fault of paperwork, so try to make sure that you have everything ready and easy to find f you need it. This could include your EPC certificate, and any guarantees for work that you have had done on the property. Making sure that all of this is in good order and readily available can keep all concerns to a minimum.
Many of the biggest problems that occur when selling a house involve poor communication. Make sure that you work with an estate agent and a conveyancing solicitor that you can trust to ensure that all enquiries are handled quickly and professionally and avoid delays or complications.
{quote}
