Although it can be easy to concentrate all your efforts on getting a buyer, there is plenty you can be doing while your property is on the market to ensure the legal process moves swiftly and smoothly once you’ve agreed a sale.
Delays are the main reason why sales fall through, so taking the time – while you have the time – to put as much in place as possible while your property is still for sale will set you up for an easier and faster conveyancing process and reduce the chance of losing your buyer.
Appoint a solicitor as soon as your home goes up for sale
Talk to a few companies and find someone you are happy to proceed with. Ask around among friends and neighbours in the area for recommendations. We can also point you in the direction of reliable local solicitors and conveyancers in Leytonstone and Wanstead.
Complete your Property Information Forms early on
While form filling is hardly exciting, it really is worth getting on with this job as soon as you can. Ask your conveyancer for the forms which detail exactly what is included in the sale along with aspects addressing boundary walls, guarantees, extensions, disputes, etc. The sooner you start completing the forms, the more time you’ll have to gather any unexpected or lost information. It’s far better to take a few weeks on the task before you’ve got a buyer, than to delay your move after you’ve agreed a sale.
Use a conveyancer who uses email
This might sound obvious, and the legal profession has a come a long way
in adopting digital practices, but there are still some solicitors who prefer
to send documents by regular post. This serves only to hold things up, so make
sure you clarify that, not only does your solicitor HAVE an email address, but
that they actively use it to progress the conveyancing process.
Ask to be bcc’d on any correspondence
This way you’ll see whether any inaccuracies or problems arise that you can deal with immediately.
Use a local legal firm
To have as much knowledge on your side as possible, it’s well worth using a local firm of solicitors or conveyancers. Whenever issues have arisen in the results of local searches, we’ve found that solicitors familiar with selling and buying property in Leytonstone and Wanstead often possess the local expertise required to have a solution at hand.
Pay for the legal service you want to receive
We’ve had a few occasions where a transaction has been delayed by the sheer workload of discounted, high-volume firms. Saving a few hundred pounds on legal fees sounds fine at the outset and is perfect for sales that are guaranteed to be plain sailing, but no sale is bulletproof and the initial attraction of cheap fees can become far costlier later on. So make sure to ask about service standards, availability of your representative and recourse. Just as with estate agents, any firm whose business is based on local reputation – rather than being cheap – have a hugely vested interest in delivering excellence.
Know whether your property is registered with the Land Registry
Since the late 1990s it’s been compulsory for land to be registered on a sale. But if you’ve owned your property for some time it is possible that it may not yet appear on the Land Registry’s digital system. So, if the property has been in your or your family’s ownership for some time, check to see whether you hold the deeds, or whether they are still with the solicitor who acted in the earlier purchase, or indeed if they are still with the mortgage provider (assuming there is one).
Have these tips been useful? Do you have any others you’d like to add? We’d love to hear from you.