Offer Accepted On A Property? | Homebuyer ConveyancingWritten by homebuy1
Received an offer on your property. Making an offer 'subject to survey' on a house purchase. Find and instruct a Homebuyer Solicitor today.
The majority of Homebuyers and Sellers start looking for a Conveyancer once an offer has been accepted on the property they are selling or buying. This is rather later in the day as it leaves just a few days to get the transaction moving.
To put this into perspective, when you appoint a Solicitor to manage your property legals you will instruct a Solicitor who in turn will then send out a Client care pack. The pack contains the terms of engagement which you need to read and then sign and return. The pack also contains, if you are selling, a fixture and fittings list. The average time to return the pack signed is between 7 - 14 days. Your Conveyance doesn't start until the terms signed are received back by your chosen Solicitor.
Set your stall out for a fast Conveyance
We recommend that you go online and use the Conveyancing calculator. In one search you can compare quotations by price, location and by Mortgage Lender. No personal details are required and you can budget for your conveyancing before you instruct.
When is the best time to instruct?
If you are selling a property then you can instruct a Solicitor when your property goes on the market using an online Estate Agent or local Estate Agent. Alternatively you could wait until you have your first viewing appointment. Please just remember that when you accept an offer you do need to pass the Lawyers details over to the Buyer. So waiting for a viewing maybe a little late. Your Buyer will probably be looking at other properties so getting the information to them will help to reduce the risk of the Buyer withdrawing their offer.
If you are selling a property then you can use our Sale Conveyancer finder. Offer accepted, then you need to get moving.
If you are buying a property then you will need to have a Solicitor ready to pass on to the Seller, if your offer 'Subject to Survey' has been accepted. Alternatively you could appoint a solicitor when say you have narrowed down your choices and about to make an offer. If you have a property for sale and are buying then consider using the same expert for your Sale and Purchase. You can compare Sale and Purchase conveyancing quotes using the Homebuyer calculator.
If you want a fast Conveyance then you do need your Conveyancer in place for when an offer has been accepted. So many Homeowners appoint a Solicitor and pass on the Solicitor details before they have returned the Client care pack. You want fixed fee cheap conveyancing with terms that have been accepted by both parties. You and the Solicitor. Start as you mean to go on. In control and on budget. Don't worry Lawyers are used to the purchase, selling price changing.
Would you really wait for the results of survey before you instruct.
Waiting for the results of a Survey before you instruct a Solicitor sounds the right thing to do but if you are a serious Buyer and you are prepared to make a decision using the results of a survey then actually waiting doesn't make sense. After all if its a bad Survey you may pull out and look for another property.
Worried about costs?
If you are delaying the appointment of a Lawyer because you are keeping check on your purchase costs then maybe you should consider taking out Exchange Insurance. An insurance policy that covers your costs up to exchange should your transaction fail through no fault of your own. Many first Time Buyers and investors do tick the Exchange insurance option that is on the first page of the Homebuyer calculator.
After reading this you may have come to the conclusion that you should appoint a Solicitor when you are confident that you do want to move. Do it when you can make an informed choice in your own time. Return your Client care paperwork promptly.
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