When buying or selling a property, it can be easy to make mistakes. These can lead to delays and even derail a transaction altogether. This article discusses some of the most common conveyancing problems and provides advice on how to avoid them.
Missing or incomplete paperwork is a common cause of conveyancing delays. There are several documents that need to be signed and a forest’s worth of paper that mortgage companies will produce, so any errors can hold up the process significantly. This can be avoided by ensuring that you are available to sign when your solicitor asks for it and also by making sure you return all paperwork as quickly as possible. For Gloucester Conveyancing, contact www.montpellier.legal/conveyancing-solicitor/gloucester-conveyancing/
Incomplete property searches are another common reason for conveyancing delays. The checks and searches that are carried out during a conveyance can uncover issues that may not be obvious to a layperson, such as rights of way across the property or a risk of subsidence. If a problem is discovered, your solicitor will need to negotiate with you on what is to be done.
Another common problem is gazumping, whereby a seller accepts another buyer’s offer before your contract has been signed. This is a legal process but it can be frustrating and delay the process of moving home. One way to try and prevent this from happening is by asking the seller’s estate agent to remove the property from their listings as soon as your offer has been accepted. This may not prevent gazumping, but it will limit how many other people can view the property and increase your chances of a quick sale.
