|
Overview The process of buying and selling a house can be broken down into several stages: 1) Attracting the buyer The seller or their represantitive finds a way to let potential buyers know that the property is availble for purchase. This is often undertaken in conjuction with an estate agent, although other mediums such as websites and newspapers are also used. Private deals without the use of public advertising can also take place. While the property is being advertised, it is said to be on the market. 2) Making an offer Once the buyer indicates a desire to buy the property, an offer will be made. This offer is subject to contract, giving both parties the legal right to withdraw from the agreement. 3) Documents and Conveyancing At this stage of the property sale, the seller must provide certain documents. The buyer will need more information and may engage the services of a licenced conveyancer and / or a surveyor in order to satisfy themselves that the property and its environment is suitable for purchase. Based on these reports, either party may opt to renegotiate the agreed price or withdraw from the agreement altogether. 4) Exchange of contracts Both sides will have prepared contracts, as well as other important documents such as the deeds and will have provided each other with an unsigned copy. Once these contracts have been signed and exchanged, the buyer is the owner of the property. If you are thinking about doing you own conveyancing with the aid of the resouces on this site, you should examine the steps that apply to you to be sure that you understand the process in full. You should also consider registering, which would allow you access to the forums and benefit from the experience and question of others
If you are thinking about doing your own conveyancing, but don't want to use the recommended resources on this site, you should examine the steps that apply to you and make sure that you understand the process. You should also consider registering as the extra information available may be useful. You should also familiarise yourself with the resources on this site, so that you know what is available should you need it and the kind of ground you need to cover.
When you are thinking of buying or selling property and you have decided that you need the services of a soliciter, you should contact several solicitors and ask for price quotes. It is not necessary to have a local solicitor, so the internet is a good resource to help in the comparison process. When solicitors quote prices, make sure that all charges are explained. Some solicitors may appear cheap, and make their profit from undefined extra charges.
See also: Register, Solicitors
|