Buyers and sellers can help reduce chance of home-sale collapse
The chances of a home sale falling through can be reduced if buyers and sellers act early.
When a sale or purchase falls through both the buyer’s and the seller’s time and money can be wasted. We are an accredited member of the national Law Society’s Conveyancing Quality Scheme (CQS), says that buyers and sellers can help themselves to reduce the chances of a sale falling through.
Steve Smith our Residential Conveyancing Partner says: “Sellers in particular can act early to prevent delays later on in the sale. This can be a major contributing factor towards a sale falling through. It pays to get a CQS solicitor involved as early as possible, even before a buyer has been found. They will then be able to look at the title to make sure that everything is up-to-date and help the sellers make sure that all their paperwork is in order, particularly planning permissions and building regulation consents”.
"Sellers sometimes think that if everything is not in order the buyers will be prepared to go ahead anyway, but often forget that the buyer’s mortgage lender will require all the boxes to be ticked. This may include making sure that all the Competent Person Certificates, for example, of the installation of windows or a boiler, are available”.
“If your transaction is part of a chain, missing documentation for one can mean disappointment for many other people, not just the next person in the chain. Involving a CQS solicitor early may help to guard against that.”
We went through a rigorous application and assessment to become a CQS accredited law firm and are happy to help advise sellers and buyers early on in the process. The sooner you take advice the better the chance is that your transaction will proceed. Solicitors can advise on all parts of the process and will also be in a position to recommend other professionals in the process, brokers and surveyors, who will be able to assist.
“We are delighted to be associated with the CQS, a recognisable brand where clients can know that they are getting good advice.”
For more information on the Law Society's Conveyancing Quality Scheme visit www.lawsociety.org.uk/cqs