A lot of people find that when it comes to buying and selling a home, they are eager to get the ball rolling once they have agreed on a particular property. In many cases, sellers need to finalise the sale of one property in order to continue the process of buying another. A backlog can ensue if there is no smooth procedure, and a commitment agreed upon, between all of the professionals who advise their clients throughout the process.
This is why at some stage of the agreement, individuals become legally bound to completing the sale. If one wishes to back out beyond this stage, they will need to pay a fee to exit the contract. This should only be done for extreme reasons as it can be detrimental to many different people.
With this in mind, there is no need to delay the process of buying or selling a home once it has begun. Conveyancing solicitors in Portsmouth have no intention of taking their time with such proceedings and commit to having the process completed within six to ten weeks.
Can this be explained?
It depends on the nature of the sale of course, where six weeks is the length of time for a freehold sale, and around eight to ten weeks for a leasehold sale. During this time, there is a complex chain that needs to be worked through, with professionals from different fields all working harmoniously to complete all relevant paperwork within tight time frames within the greater picture.
Different stages of the process can be broken down into a typical timeline where homeowners and buyers can monitor for themselves to see what could be a potential delay with their property, and if there are any steps they can take to speed up the process.
With a great level of honesty and mutual respect between the seller, buyer and the professionals who are working through the paperwork, even complex property purchases can be a smooth and seamless process.
What advice can help the process go as smoothly as possible?
If both buyer and seller want to have the sale through as quickly as possible, then they can make sure that they are ready with all documentation before the required date in order to keep the process flowing smoothly.
By not relying on the agent to do all of the communicating, and instead having a list of their own questions to ask the other party directly, a buyer or seller can attempt to set out a completion date and work that into the negotiations from as early a stage as possible. Although people can rely on their solicitor, this does not have to be the case for every instance of the buying and selling procedure.
Also, by choosing a law firm with a great reputation that has professionals with plenty of proven experience in this field, people are taking the best possible steps to ensuring that their sale will go through effortlessly.