Instruct your solicitor at the same time as your estate agent
Even during these challenging times, there are still steps you can take to get ahead of the game. You may be able to exchange and complete your property sale up to four weeks earlier if you start the legal process now instead of waiting for a buyer.
Unlocking an accelerated timeline is something worth considering in this ever-changing environment.
Here’s what you can do:
1. Get your ID verification done
Solicitors remain at the forefront of ensuring that proper identification is provided to ensure no legal breaches are made. In order for their clients' credentials to be legally accepted, some electronic checks as well as a certified copy of passports and utility bills will need to be submitted—a process which may become challenging in light of constraints brought about from COVID-19.
Nevertheless, your solicitor remains available with solutions on how these difficulties can still efficiently be overcome.
2. Forms and Documents
To ensure a smooth property sale process, sellers should be sure to have all required documents ready in advance. Gathering FENSA certificates for windows and other guarantees can take some time - so it's best to get started now rather than later. Doing so could help accelerate the timeline of this important transaction.
3. Leasehold Property
Selling a leasehold property can require considerable effort, in particular obtaining the necessary information from your Landlord or managing agent. To expedite this process and facilitate progress of the sale it is best to instruct your solicitor at the outset when you put the property on market - they will make an application for any required documentation that may be held by landlords/managing agents who often charge a fee for this service.
Are you a prospective buyer who recently made an offer, only to be faced with the lockdown? Don't worry! Our residential property team is here to help. We will ensure that all of your legal paperwork is thoroughly checked, and any discrepancies are resolved quickly so that we can get everything ready for exchange and completion.
If you're not sure what step to take next, give us a call on 01933 588 022 - no obligations attached. Let's get moving towards homeownership together in these trying times.