A First-Time Sellers Guide to Conveyancing

13 February 2019

Selling your house for the first time can be daunting with many things to factor in. There are things to watch out for such as hidden fees and choosing the right conveyancer, but if you compare conveyancers and follow our easy tips, selling your house won’t seem so difficult after all.

1 – Do Your Research

When it comes to the property price, research the price that other houses on your street have recently sold for and consider if you have similar features and room types, and start from there.

Get a professional valuation to ensure you’re not putting your house up for sale for too much or too little. If you price your house too expensive, the longer it’ll be on the market for. If you price it too low, then you could lose out on a lot of money.

2 – Choose a Good Conveyancer

By choosing a good conveyancer, the whole process of selling your house will be stress-free. They will take care of the legal side of things to ensure a smooth process throughout. From preparing the draft contract to sorting out completion day, they will do all the hard work.

You will need to instruct a conveyancer to begin your case as soon as you have accepted an offer from a buyer. A good conveyancer will be regulated by the Solicitors Regulation Authority (SRA), Council for Licensed Conveyancers (CLC), Law Society Scotland (LSS) or Law Society Northern Ireland (LSNI).

Watch out for conveyancers that have really low prices as this is likely too good to be true. Be wary of going with estate agent’s recommendations as they often get a high commission for suggesting these conveyancers and a high quality of service isn’t always guaranteed.

3 – Watch Out For Hidden Fees

Before you go ahead and hire a conveyancer, you will need to know exactly what you’re paying for. Ask for a full breakdown of your quote from the conveyancer and read the small print carefully incase some charges will be billed at the end of the process that aren’t included in the quote.

They could be charging you for a service you don’t require or have made a mistake in charging you for additional fees. By checking over a breakdown of the quote, you’ll know what to expect when the bill comes, factoring in the costs into your budget.

4 – Keep the Process Quick

For a quick and hassle-free sale, you’ll want to speed up the conveyancing process. Try not to delay anything by missing calls from your conveyancer as you could be required to sign important documents. The faster these documents are checked over, signed and sent back to the buyer’s conveyancer, the quicker the conveyancing process will be.

Make sure you’re easily contactable to answer any queries and questions your conveyancer has from the buyer and buyer’s conveyancer, this will speed things up significantly if they get an instant answer from you, moving on to the next step in the process.

5 – Be Prepared

On completion day, the sale will be final and the buyer will now be the official owner of your house. You will need to have everything packed up and ready to move out by the date agreed for completion.

If you’re not moved out by completion day and you’ve already handed over the keys to the buyer, this will cause complications and major delays for the buyer and the rest of the chain. To avoid a slow process for other people, have your removal company booked for the day of or prior to completion.

This article was provided to us by a 3rd party, whilst believed to be factually correct, we cannot accept responsibility for content contained within it.

Jonathan Rolande

Jonathan Rolande (MNAEA MICBA MARLA) began in the property business in the late 1980’s and is a Director of House Buy Fast and helped to found The National Association of Property Buyers in 2013. He has worked closely with The Property Ombudsman to develop a Code of Practice for Residential Property Buying Companies.