ADVERTORIAL FEATURE

When to instruct your conveyancing solicitor

 

Thinking of buying or selling a property this year? The sooner you get the paperwork organised, the sooner you can close on your property sale or purchase. Here are some handy tips to help speed up the process.

The housing market reportedly saw some green shoots of recovery in January. As reported in The Independent on Monday 27 February, property website Hometrack claims that the number of potential buyers registering with estate agents increased by 18 per cent in January, the highest growth in buyer interest since the housing market downturn began in 2008. January has also seen a 10 per cent increase in available housing stock.

So as more buyers and sellers place a tentative toe back onto the property market, many will be keen to ensure that the sale of their property goes through as quickly and as hassle free as possible. Ensuring that the sale of your property or the purchase of your new property goes through on time, without delay, is extremely stressful.

How can you speed up the property process?

As anyone who has sold a property will be able to tell you, often one of the biggest reasons for slowing down a property sale is the paperwork involved. If you are looking to buy or sell there are some measures you can take to speed up the entire process.

For example, many sellers do not instruct a conveyancing company or solicitor about the sale of their property until they have a sale agreed. Few sellers realise this but it will speed up the process considerably if you actually instruct them before you put your property on the market. This will give them advance notice to get all the necessary paperwork in order that will be required when making a sale.

It is worth noting that if you’re looking to make a sale of a leasehold property, such as a flat or apartment, then the sooner you can instruct a conveyancer the better. When selling a leasehold property, as opposed to a freehold property, there are more parties involved.

The earlier you can let your conveyancing solicitor know about the proposed sale the more time they will have to contact the respective groups involved in the sale, including contacting your freeholder and/or managing agent, which can of course take time.

You can also save time when buying a property too by letting your solicitor or conveyancer know in advance that you would like to use their services when buying. If you have the details of your conveyancer ready at the time of making an offer on a property, the sale is likely to go through quicker and you can ‘hit the ground running’ in terms of owning the property you want to buy.

Does it cost money to instruct a conveyancer or solicitor prior to agreeing a sale?

In the past no buyer or seller was keen on instructing their conveyancer or solicitor in advance of agreeing a sale or making an offer on a property because they were not keen on running up expensive legal costs without prior knowledge that a sale was imminent.

Today, however, there are conveyancing firms out there that work on a ‘no move, no fee’ policy. This means that if your sale doesn’t go through, you don’t owe the conveyance company any money at all.

So if you are looking to buy or sell property in 2012 and want to do it quickly, you could choose one of the many companies in the " Sell My House Fast" marketplace, and if you're happy with the kind of deals they will do then this could be an option. Even then, one of the easiest ways to speed up a property transaction, without incurring any additional costs yourself, is to utilise the services of a specialist conveyancing solicitor that does not charge in advance.

 

News
Jeremy Clarkson
people
News
Ben Little, right, is a Labour supporter while Jonathan Rogers supports the Green Party
general election 2015
News
The 91st Hakone Ekiden Qualifier at Showa Kinen Park, Tokyo, 2014
news
Life and Style
Former helicopter pilot Major Tim Peake will become the first UK astronaut in space for over 20 years
food + drinkNothing but the best for British astronaut as chef Heston Blumenthal cooks up his rations
Have you tried new the Independent Digital Edition apps?
Life and Style
ebookNow available in paperback
ebooks
ebookPart of The Independent’s new eBook series The Great Composers
News
Kim Wilde began gardening in the 1990s when she moved to the countryside
peopleThe singer is leading an appeal for the charity Thrive, which uses the therapy of horticulture
Sport
Alexis Sanchez celebrates scoring a second for Arsenal against Reading
football
Life and Style
health
Voices
An easy-peel potato; Dave Hax has come up with an ingenious method in food preparation
voicesDave Hax's domestic tips are reminiscent of George Orwell's tea routine. The world might need revolution, but we like to sweat the small stuff, says DJ Taylor
News
i100
News
Japan's population is projected to fall dramatically in the next 50 years (Wikimedia)
news
  • Get to the point
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

ES Rentals

    iJobs Job Widget
    iJobs General

    Recruitment Genius: Project Implementation Executive

    £18000 - £23000 per annum: Recruitment Genius: They work with major vehicle ma...

    Recruitment Genius: Chiropractic Assistant

    £16500 per annum: Recruitment Genius: A Chiropractic Assistant is needed in a ...

    Recruitment Genius: Digital Account Executive - Midlands

    £18000 - £26000 per annum: Recruitment Genius: They work with major vehicle ma...

    Recruitment Genius: Web Developer

    £28000 - £30000 per annum: Recruitment Genius: This company provides coaching ...

    Day In a Page

    NHS struggling to monitor the safety and efficacy of its services outsourced to private providers

    Who's monitoring the outsourced NHS services?

    A report finds that private firms are not being properly assessed for their quality of care
    Zac Goldsmith: 'I'll trigger a by-election over Heathrow'

    Zac Goldsmith: 'I'll trigger a by-election over Heathrow'

    The Tory MP said he did not want to stand again unless his party's manifesto ruled out a third runway. But he's doing so. Watch this space
    How do Greek voters feel about Syriza's backtracking on its anti-austerity pledge?

    How do Greeks feel about Syriza?

    Five voters from different backgrounds tell us what they expect from Syriza's charismatic leader Alexis Tsipras
    From Iraq to Libya and Syria: The wars that come back to haunt us

    The wars that come back to haunt us

    David Cameron should not escape blame for his role in conflicts that are still raging, argues Patrick Cockburn
    Sam Baker and Lauren Laverne: Too busy to surf? Head to The Pool

    Too busy to surf? Head to The Pool

    A new website is trying to declutter the internet to help busy women. Holly Williams meets the founders
    Heston Blumenthal to cook up a spice odyssey for British astronaut manning the International Space Station

    UK's Major Tum to blast off on a spice odyssey

    Nothing but the best for British astronaut as chef Heston Blumenthal cooks up his rations
    John Harrison's 'longitude' clock sets new record - 300 years on

    ‘Longitude’ clock sets new record - 300 years on

    Greenwich horologists celebrate as it keeps to within a second of real time over a 100-day test
    Fears in the US of being outgunned in the vital propaganda wars by Russia, China - and even Isis - have prompted a rethink on overseas broadcasters

    Let the propaganda wars begin - again

    'Accurate, objective, comprehensive': that was Voice of America's creed, but now its masters want it to promote US policy, reports Rupert Cornwell
    Why Japan's incredible long-distance runners will never win the London Marathon

    Japan's incredible long-distance runners

    Every year, Japanese long-distance runners post some of the world's fastest times – yet, come next weekend, not a single elite competitor from the country will be at the London Marathon
    Why does Tom Drury remain the greatest writer you've never heard of?

    Tom Drury: The quiet American

    His debut was considered one of the finest novels of the past 50 years, and he is every bit the equal of his contemporaries, Jonathan Franzen, Dave Eggers and David Foster Wallace
    You should judge a person by how they peel a potato

    You should judge a person by how they peel a potato

    Dave Hax's domestic tips are reminiscent of George Orwell's tea routine. The world might need revolution, but we like to sweat the small stuff, says DJ Taylor
    Beige is back: The drab car colours of the 1970s are proving popular again

    Beige to the future

    Flares and flounce are back on catwalks but a revival in ’70s car paintjobs was a stack-heeled step too far – until now
    Bill Granger recipes: Our chef's dishes highlight the delicate essence of fresh cheeses

    Bill Granger cooks with fresh cheeses

    More delicate on the palate, milder, fresh cheeses can also be kinder to the waistline
    Aston Villa vs Liverpool: 'This FA Cup run has been wonderful,' says veteran Shay Given

    Shay Given: 'This FA Cup run has been wonderful'

    The Villa keeper has been overlooked for a long time and has unhappy memories of the national stadium – but he is savouring his chance to play at Wembley
    Timeless drama of Championship race in league of its own - Michael Calvin

    Michael Calvin's Last Word

    Timeless drama of Championship race in league of its own