Press Release: November 24, 2016
If you are Buying or Selling UK property then you either want to receive offers on the property your are selling or you are making an offer on a property that you wish to buy.
When an offer is made it is made 'Subject to Survey.' The offer can change if the Survey is poor and works need to be done to bring the property up to the required RICS standard.
When an offer is accepted, the Conveyancing Solicitor details for both Seller and Buyer should be exchanged.
If Buyers only instruct a Solicitor when their offer is accepted then they are under time constraints to find the right Conveyancing Solicitor. They need to compare accurate conveyancing quotes, discuss the fixed fee quote and then they should instruct. The Solicitor will send out a Client care pack and parts of this pack contain the terms of engagement. The Buyer needs to complete the pack and send back to the Solicitor. Only when the Solicitor receives the Client care pack back does the conveyancing start.
Time and risk is now in play and in UK law the offer is only binding on Exchange of Contracts.
It would seem prudent to have the Conveyancing Solicitor instructed before the offer is made.
Homebuyers can do this by using an estimated purchase price and comparing conveyancing quotes online. They can do this by visiting the Homebuyer Conveyancing website.
They can compare and view accurate conveyancing fees and costs in just one search without entering any personal details. Then when ready they can take a quote away and book a timed call from their chosen Conveyancer to discuss their quote. Conveyancing results can be filtered by price, location and by Mortgage lender.
The same applies if you are selling a property. When you have a Buyer submit an offer you want to be able to get moving if the offer is a good one.
The delays on leaving the Solicitor choice until offer stage simply doesn't make sense. The risk of losing your Buyer is high if you are slow at moving forward.
Compare conveyancing quotes for your move or remortgage on
Find your fixed fee Conveyancing Solicitor using the convenient no obligation, online Homebuyer Conveyancing calculator and get your Solicitor instructed before the offer accepted stage.
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