Posted on Tuesday, January 29, 2019
Solicitors play a vital part in the property industry. Buying or selling most residential property does need to involve them (there are exeptions such as park homes). It is often the case that the mix of a good professional estate agent and competant solicitor can make the difference between completion or withdrawel.
The role of a solicitor is to complete the legal process of any purchase or sale and ensure its safe transition into new ownership. It is a complicated process and involves a great deal of hardwork and time to ensure everything is in order and you as the client is protected. At the end of the day, buying or selling a property is likely to be the biggest financial transaction you will ever make.
What do they do we hear you ask? Well, in a nutshell they draft contracts, check and review title deeds and all information relating to the property in question, they review searches across many different areas such as drainage, mining and planning, they will raise and answer enquiries on the property ranging from planning consents down to boiler servicing, they will also potentially act for a mortgage lender and will be obliged to act in the best interests for them to ensure their money isn't at risk. Solicitors will confirm exchange of contracts and transfer of titles, ensure the safe and secure passage of deposit monies and mortgage monies and confirm a completion day for you to get the keys.
All in all it is a very complex task that can often take month's. You have to remember that in any purchase there is typically two solicitors acting for a buyer and a seller, and if the property that is sold or being bought is in a chain, there can often be 3, 4 or 5 solicitors all (trying) working in unison and aiming to get everyone moved on the same day!
How do you find the right one?
Firstly, start with family and friends. Usually there is someone you know who has had experiance with a solicitor in one way or another. Word of mouth in any industry is king. Trust is a major factor when instructing someone to help with such a big purchase. It's the same when choosing your sales or lettings agent.
Secondly, ask your estate agent. Nuneaton Estate agents work with solcitors day in and day out and know who does what and how well they do it. A solicitor needs to be good at communicating, particualry with your estate agent. It is vital that they work together to progress your sale quickly and safely.
Next - speak to your financial advisor, again they would have had regular contact with solcitiors and be able to advise, if they are organsing your mortgage, we are sure you can trust them.
Lastly, make sure your solicitor is fully qualified and a memeber of the law society. Go through their charges and compare with others. From experiance of helping people buy and sell thousands of property across Nuneaton, Bedworth & Coventry we know that the cheapest solicitor is often under prepared or under staffed to handle the business and may promise alot and not come through for you. Its often the same with estate agents in Nuneaton and Bedworth. Service and ability is key. Look for reviews across all sites to help you get a picture of their ability.
We hope that helps but if you have any quesitons, please do hesitate to call Hawkins Estate Agents, experts in Sales & Lettings.