No matter where you are on the property ladder, whether you are new to the property buying process, making a step up the ladder, looking to become a landlord or buying business premises, one thing is for sure, the process of buying a property can be complicated.
A phrase you will often hear throughout the purchasing process is conveyancing, but what is it? Do you need it? And how long will it take?
Put simply, conveyancing is the legal process of transferring the title of a property from one person to another. The conveyancing process typically involves the exchange of contracts and completion. It will also involve carrying out searches such as local authority searches, which are designed to reveal any restrictions on the property, checking for flood risks as well as environmental searches to reveal whether there are any land issues near the property.
Given the legally binding nature of such contracts, conveyancing is usually done by a trained professional such as a solicitor or licensed conveyancer.
You’ve seen a property you like, the seller can move out asap, your mortgage is in place – so what’s the hold up?
The stages of buying a house, or indeed any type of property, can be time consuming and this is because there is lots of work going on behind the scenes to ensure that both the buyer and seller are protected.
Estimating how long the buying and selling process will take is difficult to do as every transaction is different. From long chains including multiple house moves to complex financing options, the process is unique to each buyer and seller.
On average the process of buying and selling a property is around 12 weeks, of course, this is a guideline only, other factors such as finding a suitable property to move to, issues relating to searches or other matters, could cause hold-ups.
While the process of buying and selling property can seem complex, with Smith Partnership Move the process is made as easy as possible with our straight-talking, proactive approach.
Working in the best interests of our clients, our team of experienced conveyancers and legal professionals deliver a dedicated service that works to protect you and your investment.
Whatever your circumstances, whether it is your first step on the property ladder or you are a seasoned property expert, our specialist team of conveyancing experts are on hand to help guide you through the process and protect your investment. Call 0330 123 1229 to speak with a member of the team and to discuss your specific requirements.