If you are planning to sell your property, an experienced legal service provider is well placed to handle contracts and other associated paperwork on your behalf. Here is some basic advice and guidance to inform your choice of legal expert.
Conveyancing is the process involving the legal transfer of a property from a seller to a buyer. It starts when an offer on a property is accepted and becomes legally binding when contracts are exchanged. Completion takes place when monies are transferred and the keys are released.
Selling a property can be a stressful and complicated process. While it is possible to deal with your own conveyancing, it is advisable to use the professional knowledge and expertise of a legal representative to ensure that the legal matters are dealt with correctly.
In a property sale, your legal service provider will draft the contract of sale and provide the buyer with legal information about the property. Your legal service provider will deal with any legal enquiries from the buyer. When both parties are ready, you can enter into a binding agreement to complete the sale on an agreed date. On completion, your legal service provider will receive the sale monies and deal with the repayment of any mortgages over the property.
The conveyancing process typically takes 6 to 8 weeks. There may be delays caused by various factor, such as if the buyer is in a chain.
It is worth considering a number of factors when choosing a legal expert to assist you with the sale of a property. You may wish to consider the location, reputation and cost of a firm. Answer a few short questions now and start comparing legal service providers based on what matters most to you.
Legal service providers typically charge fixed fees for the sale of residential properties.
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