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A Step-by-Step Guide to the Conveyancing Process

A Step-by-Step Guide to the Conveyancing Process

Buying or selling a property involves several legal steps known as conveyancing. It can feel overwhelming, especially if it’s your first time. Here’s a simple, step-by-step guide to help you understand what to expect during the conveyancing process.

1. Instruct a Conveyancer or Solicitor

The first step is to find a conveyancer or solicitor to manage the legal aspects of buying or selling your property. They’ll handle all the paperwork, check the title, and ensure the process goes smoothly. Make sure to choose a conveyancer with experience in your local area.

2. Drafting and Reviewing Contracts

Once your conveyancer is in place, they’ll draft or review the contract for the sale. This includes details about the property, the sale price, and any fixtures or fittings included. It’s essential to go through the contract carefully to avoid surprises.

3. Property Searches

Your conveyancer will carry out property searches to check for any issues that might affect the property. These include local authority searches, environmental checks, and water and drainage searches. This step ensures there are no hidden surprises before you buy.

4. Mortgage Offer and Surveys

If you’re buying with a mortgage, the lender will need a valuation survey to confirm the property’s value. You might also want to arrange a more detailed survey for peace of mind. A survey can reveal potential issues, which might affect your decision or help negotiate a better price.

5. Exchange of Contracts

When all checks are complete, you’ll exchange contracts with the buyer or seller. This makes the sale legally binding, and you’ll also need to pay a deposit. Make sure you understand the terms before exchanging, as you won’t be able to back out without losing your deposit.

6. Completion Day

Completion is the exciting day when the sale is finalized. The remaining funds are transferred, and you’ll receive the keys to your new home. Congratulations—you’re officially a homeowner! If you’re moving into a rental property, check our rental listings for great options.

7. Post-Completion Tasks

After completion, your conveyancer will register the property in your name with the Land Registry and pay any required Stamp Duty. If you’re selling, make sure all paperwork is in order to make this step as smooth as possible.

Need Help with Conveyancing?

Navigating the conveyancing process doesn’t have to be stressful. At Oakmans, we’re here to support you every step of the way. If you’re selling, our comprehensive property marketing services will make sure your home stands out from the crowd and reaches the right buyers.

Contact us today for more information about buying or selling a home, and see how we can help you through every step of the process!

For more information about conveyancing, you can visit the Citizens Advice guide to conveyancing.

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