Buying and Selling – What to Expect and When.
Selling and buying property can be stressful, so it is essential to instruct an experienced conveyancer. You should choose a reputable and experienced conveyancer who will guide you through the process, keep you informed of developments and address any concerns or questions you may have.
You should feel comfortable asking questions about any aspect of the conveyancing process, and a good conveyancer will explain matters in plain language and keep you informed about developments. Factors to bear in mind are as follows:-
1. Buying and Selling Property Complexity
The complexity of the property itself can impact the conveyancing timeline. Properties with unique features, shared access, or ongoing legal disputes may require more time to address all legal aspects adequately. Leasehold properties, especially apartments, can take longer due to the requirement of management company information.
2. Chain Length
In a property chain, where multiple buyers and sellers are involved, the progress of others in the chain can influence your conveyancing process. Delays in other transactions may result in delays for yours as well. This is often outside the control of your conveyancer, but a good conveyancer will continue to chase progress for you.
3. Mortgage Approval
If the buyer needs a mortgage to purchase the property, the lender’s processes may affect the conveyancing timeline. Obtaining mortgage approval and the property valuation can take time.
4. Searches and Enquiries
Local authority searches, environmental checks, and responses to enquiries are essential to buying and selling property. The time taken to obtain these results can influence the overall process.
5. Unforeseen Issues
Sometimes, unexpected problems, such as title defects or planning permission issues, can arise during the conveyancing process. Resolving these matters can introduce delays.
6. Efficiency of Parties
The efficiency and responsiveness of all parties involved, including the buyers, sellers, and their legal representatives, can significantly impact the process. Promptly providing necessary information and documentation is crucial as you can only move as quickly as the slowest cog in the wheel.
The conveyancing process typically takes 10-12 weeks but can vary depending on various factors. Being prepared for possible delays and maintaining open communication with your conveyancer will help ensure a smoother and more timely conveyancing experience.
PHH has an experienced and approachable team ready to assist you when buying and selling property.To speak to Jennifer or Ann about Conveyancing, call the Cleveleys office on 01253 824216 or complete our FREE INSTANT QUOTE for Conveyancing fees.