If you want to sell your property, you should inform your instructor early, even before putting the property on the market, in order to reduce conveyancing time. The solicitor is a crucial person in any kind of property ownership transfer and his or her involvement throughout the process is necessary to prevent a botched sale.
One of the biggest mistakes that many property owners make is informing the solicitor once the property is already on the market and even sometimes after initial offers have already made. This is far too late in the selling process, which can cost valuable time, and the sale may not go through as expected. According to a survey by an estate agent, making such decision costs you an extra 11 days to complete the sales, a mistake that over 80% of homeowners make.
Why you should instruct your solicitor early
You should contact your conveyancer24-7 solicitor early for the following reasons.
- Have a variety of options: Once you make an offer on the property, you will be under pressure to make a quick decision into choosing a conveyancer. A rushed decision is never a good decision because you do not have a chance to sample quotes from different firms and get a good conveyancing price. When you choose early, you can go for a fixed-fee quote with enough time to make sure there are not any hidden costs.
- It does not cost you anything more: the quote covered by the solicitor should cover the cost of the transaction from start to finishing and nothing extra. If you get a no completion no fee quote, you do not need to pay anything for instructing the solicitor early.
- Preliminary work: the deal is only as good as the preparation put into it. If you put your property on the market and accept offers before getting a solicitor, you are bound to get a raw deal. Solicitors have a lot of experience working in the property markets and can offer indispensable advice besides doing the preliminary work such as doing security checks and coming up with contract drafts.
- Sort out title problems: There often tiny details that can affect the title of the property such as the death of the former property owner. You do not want to wait until the very last minute to realize you cannot sell the property without a grant of probate. The solicitor will check all the property documents and ensure everything is in order even before the buyer turns up.
- Complete the property questionnaires: ask anyone with experience in selling houses, property questionnaires have so many questions and can take days to fill. You also need to make enquiries about putting in the answers correctly.
- Get your documents in order: there are numerous documents involved in property sale besides the property title and the sale contract. You need to provide information for any work carried out on the house post construction including NHBC warrants among others, and your solicitor is the best-suited individual to collect and prepare the relevant documents.
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