On the average it takes about 8 to 12 weeks for a property purchase to get done. It begins with roughly 8 weeks from finding the property, making an offer, and instructing your conveyancer to exchange contracts. Then, it may need 2 to 4 more weeks to have everything completed.
With an increasing demand for conveyancing solicitors, the market turns out to be more competitive, and a tremendous number of them can now offer fast, convenient, and risk-free services to guarantee their clients a hassle-free process.
As a buyer, while you’re looking to get a hold of that desired property, you may want to consider working on these seven best practices to have a less stressful conveyancing process to go through.
1. Find the right conveyancer.
Make sure that the one you hire is well versed in conveyancing and other important legalities surrounding a property transaction. You sure won’t entrust this legal aspect to someone who still works on finding their way in the dark. Search for conveyancing solicitors who knows well enough about the process, and one who can set your expectations right.
It will be helpful to find one who can offer cost efficient services. Ask for quotes for you to compare and make enquiries about possible charges should a transaction fall out in the process. Many conveyancing firms and independent solicitors now offer “no exchange no fee” services. Just be sure you find a competitive one.
Consider the number of cases they are handling at present. Someone too busy may pose risks in terms of communicating with you and accomplishing the expected. You don’t want to get everything delayed just because your solicitor is out there working on their other cases at the same time.
What’s best when finding the right solicitor is to consider referrals from friends, relatives, estate agents, and mortgage lenders. They are likely to recommend brilliant ones who can effectively at on your behalf throughout the transaction.
2. Organise everything.
Sort things out from your end to make sure the process starts without any setback. Choose your mortgage before sending instructions to your conveyancer and make an offer to the seller. If everything is organised, you’ll see that the process starts right away and move along seamlessly.
3. Stay on track.
Never lose focus, and never lose any document. Keep thing organised, and if your conveyancer requires additional information, be sure to hand it out immediately to prevent delays. More importantly, have your deposit money ready as you may need to transfer the funds anytime.
Nothing beats an open line of communication, particularly when your conveyancing solicitor only carries out tasks based on your instructions. Be sure to talk to them regularly to get updated. If there will be changes in your circumstances, inform everyone involved in the transaction right away to set their expectations right. Also, it is important that you discuss your rights and responsibilities, to your conveyancers, as well as be informed of what they can and cannot do according to the law. When in doubt, ask.
5. Don’t complicate things further.
As it is, the conveyancing part is complicated enough if things are not organised. So, avoid giving your solicitors legal tasks outside conveyancing. If you encounter problems with the seller, perhaps a freehold issues or a lease extension, it will be best to accommodate the needed extra time. You may move in a little later than expected but it can buy you time if you have other things to do as well.
6. Keep things real.
Avoid making unrealistic expectations. Remember that it takes weeks for conveyancing to complete, given that there are tasks that require a certain amount of time. Remind yourself of the amount of legal work to be done and the time scale you discussed with your conveyancer to keep you on your toes.
7. Do not panic.
If you have hired the best and the most competent conveyancing solicitor, there’s really no need to panic or worry that things will not get sorted. More so, if you believe you have everything together, it is very unlikely that you’ll come across some trouble.