Why Do I Need A Solicitor When Selling My Home?
Conveyancing Posted 6 February 2024Here at Burgh Thorpe Solicitors, we are all about being open and honest. So, let us let you into a little secret. Legally, you don’t need a conveyancing solicitor when selling a home. There is something called ‘DIY Conveyancing’. This is where you can manage the legal side of selling a home yourself. It is where you will take on all the legal responsibilities yourself.
However, if you aren’t experienced in this area, it is not recommended. Not having a solicitor when selling a home can result in a LOT of legal expenses further down the line. This can result in a lot of stress, a lot of wasted time – and it could end up costing a lot more than using a conveyancing solicitor for the sale of your home.
When you have a conveyancer helping with the sale of your home, they will undertake all the legal responsibilities on your behalf. This includes the preparation of your home as well as the distribution of the legal contracts. Your conveyancer or solicitor will request the mortgage resettlement figure on your behalf. They will obtain all the required title deeds too. The conveyancing solicitor will support you in completing all the necessary legal questions. They will also act as the recipient of the deposit when selling the home too.
In addition, they can meet and negotiate with the legal representatives of the person buying your home. This will include the negotiating of the moving dates. They will approve your deed of transfer and organise the final accounts along with the settlements. In addition, they will hand over the deeds too.
While this is a quite exhaustive list, there are a lot more tasks involved in the selling of your home too. When you choose to take on the legal sale of your home, you are responsible for all these tasks and more. Dependent on the type of house you are selling, there can be a lot of additional complexities that will arise too. For example, the use of legal aid in the selling of a leasehold property is an issue that commonly arises.
Some mortgage advisors and buyers’ solicitors will insist on negotiating with your legal representative – which can cause you further headaches if you are selling your home without a conveyancer or solicitor.
Proper legal support, only available when you have a solicitor when selling a home, ensures that you are being informed of best practices. This will help to ensure that your house sale goes smoothly and without hitch.
Looking for a solicitor to help with selling your home? Call our team now? As locally based conveyancers in Peterborough, we will be only too happy to help you sell your home with ease and minimal stress.