{"id":3696,"date":"2022-05-19T11:52:28","date_gmt":"2022-05-19T10:52:28","guid":{"rendered":"https:\/\/www.tayloremmet.co.uk\/blogs\/?p=3696"},"modified":"2022-05-19T11:52:28","modified_gmt":"2022-05-19T10:52:28","slug":"take-control-of-your-property-transaction","status":"publish","type":"post","link":"https:\/\/www.tayloremmet.co.uk\/blogs\/take-control-of-your-property-transaction\/","title":{"rendered":"How you can take control of your property transaction"},"content":{"rendered":"

Sarah is here to help house buyers and sellers get to grips with the conveyancing process. This month, she highlights how you can take control of your property transaction\u2026<\/strong><\/p>\n

I have secured a sale on my house. How long will the conveyancing process take? <\/strong><\/h4>\n

Unfortunately, it is very difficult to predict how long a conveyancing transaction will take. It can be anywhere from six weeks to six months!<\/p>\n

Some aspects can be speeded up, whilst others cannot. The key to keeping the process moving is to concentrate on the aspects within your control. This should help expediate the transaction and make it lot less stressful. Here are some things to bear in mind:<\/p>\n

Start the legal process as soon as possible<\/strong><\/h4>\n

Look to instruct a solicitor when you first market your property, so they can be collating all the necessary background information. This will avoid delays down the line.<\/p>\n

It is preferable to use a solicitor who will work hand-in-hand with your estate agent, to ensure a seamless transition when a sale has been agreed.<\/p>\n

Don\u2019t put off the paperwork<\/strong><\/h4>\n

There are lots of forms to complete when you instruct a solicitor. Most firms allow you to do this online, reducing the amount of actual paperwork involved. These include a Property Information Form (TA6), Fittings and Contents Form (TA10) and a Leasehold Information Form (TA7), if you are selling a leasehold property. Your solicitor will also ask you to complete an instruction form and will want to check your identification.<\/p>\n

It is important this information is returned as soon as possible, so that when the sale of your property is agreed, your solicitor can move quickly and issue contract papers to the buyer\u2019s solicitor. If this is done at the first stage of the transaction, it will speed up the process, as the buyer\u2019s solicitor needs to see the contract to progress the purchase.<\/p>\n

The Property Information Form will refer to additional documentation that you need to provide to your solicitor. Ensure you have this information in place at the outset. For example, planning permissions or building regulations approvals for any work carried out on your house, certificates for new items you have installed and copies of any agreements you have with neighbours that affect your property.<\/p>\n

An agreed sale does not mean the price is fixed<\/strong><\/h4>\n

You need to bear in mind that it may be necessary to enter into negotiations with your buyer after the sale has been agreed.<\/p>\n

It is not uncommon for buyers to change their offer – or their minds – for various reasons during a transaction. Potential issues may be highlighted by a survey or other points may come to light that they weren\u2019t aware of at the outset.<\/p>\n

If you know this may happen, you will go into the situation with a level head and an open mind. This should enable negotiations to run smoothly, ensuring a fair agreement is reached so the transaction can proceed to completion. A refusal to budge from your original price might cause the chain to collapse and mean the house has to go back on the market.<\/p>\n

Keep communicating<\/strong><\/h4>\n

You should be in regular contact with your conveyancer throughout the transaction. If all goes to plan, this will conclude in you agreeing dates for exchange of contracts, which makes the process legally binding, and completion (moving day). At this point, you should ensure you have arranged removals for no later than 2pm.<\/p>\n

To find out more about the process of selling a property, don\u2019t hesitate to contact us on (0114) 218 4000.<\/strong><\/span><\/p>\n

If<\/em> you have a question about moving home, our residential property expert, Sarah Gaunt, would love to hear from you. Email: <\/em>marketing@tayloremmet.co.uk<\/em><\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Sarah is here to help house buyers and sellers get to grips with the conveyancing process. This month, she highlights how you can take control of your property transaction\u2026 I have secured a sale on my house. How long will the conveyancing process take? 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