Top Advantages of Hiring a Solicitor When Buying or Selling a Property
Buying or selling a property in the UK can take several months. After an offer on a home is made, you must deal with surveys and all the legal requirements that come with transferring ownership of a home.
For both the buyer and the seller, a qualified solicitor can make the entire process a lot less complicated. Before making an offer on a home or putting your home up for sale, you should explore the advantages of hiring an experienced lawyer.
Solicitors Deal with the Legal Paperwork
If you are buying a property, solicitors handle the paperwork and help you understand all the costs related to your purchase.
Besides obtaining a mortgage, there are many costs involved in buying a property. You may need to pay a mortgage valuation fee, survey fee, stamp duty land tax, land registry fee, and mortgage lender fees.
First-time home-buyers often overlook some of these fees. A solicitor not only handles the paperwork, they also help you understand the home-buying process and how these fees are applied to your purchase.
Solicitors Can Conduct Property Searches
A thorough property search is another benefit of hiring an experienced solicitor when you are buying a property. Solicitors can perform a property search to learn more details about the home, including the potential flood risk, development plans in the area, and other details that may impact the value of the property.
A solicitor may advise you to lower your offer on the property to reflect the problems discovered during a property search. Without this search, you may be left in the dark about key issues that impact the quality of your new home.
Hiring a Solicitor When Selling Your Property
While some home-sellers may attempt to handle the conveyancing process on their own, hiring a solicitor is always recommended. Many of the benefits provided by a solicitor when buying a property also apply to home sellers. When selling a property, a solicitor can walk you through the process.
Selling a property requires you to obtain your deeds and prepare a contract for sale. You may also need to request a settlement for your mortgage and communicate with the solicitor hired by the buyer. These are details that a solicitor can assist with, helping you through the steps needed to sell your property.
You now know the importance of hiring a solicitor. The next question is where can I find solicitors near me? For any of your legal needs, contact the team at GoodLaw Solicitors. We specialise in all areas of property law, as well as family law, wills, injury claims, and other legal situations.
Call our Sussex office on 01273 956 270 or our Surrey office on 01252 471 211 to schedule a consultation today.