SPEED UP BUYING/SELLING

We have plenty of advice on how you can speed up the buying/selling process.

Whether you’re buying or selling, you probably want the whole process to move as quickly as possible. While the average conveyancing timeframe is between eight to twelve weeks (if everything goes well), many buyers and sellers find themselves frustrated with the waiting time. As estate agents, we understand you want the process to be over with as soon as possible, so, with that in mind, we bring you a few steps you can take to speed up the process...

Instruct Your Conveyancer Before You Make An Offer On Your Dream Home

If you didn’t know already, conveyancing solicitors can’t begin their work until they’ve conducted anti-money laundering checks. We recommend you instruct your conveyancer first so that these checks can be done to stay one step ahead.

Get That Mortgage As Soon As Possible

Before you get ahead of yourself and start property-hunting, do your research into what type of mortgage you want and how much a lender will lend to you. For speed, it’s important to get yourself a Mortgage Agreement in Principlenot only will this help you better understand what you can afford, but will also help you complete your full mortgage application without delay once you’ve had your offer accepted. If you’re lucky enough to get financial help to buy your home, then tell your conveyancer as soon as possible as they will need to write a ‘gifted deposit’ document for the lender.

Look For Online Conveyancing And Mortgage Services

Most estate agents out there will suggest legal firms they frequently work with during the buying or selling process, but if you want to go with your own choice, make sure you do your research or have a good recommendation from a friend or family member. By choosing a conveyancing solicitor or mortgage service that uses an online system should speed things up as they will allow you to verify IDs online, let you sign documents digitally, and give you real-time updates.

Instruct Your Conveyancer To Order Local Searches

Local searches shouldn’t take more than 10 working days, but can often take longer and cause frustrating delays. If the local searches are taking longer than usual, check if you can get them done more quickly by using a search company to do a ‘personal local authority search’. It won’t cost the earth and can speed things up greatly.

Time To Arrange Your Survey

If you have any concerns about your potential dream home, then flag them to your surveyor as soon as possible. If the survey reveals an issue, you may want to renegotiate the asking price or even reconsider the purchase altogether.

For more ways to speed up the process, continue reading this issue of Gateway.