In the wake of the Covid19 pandemic, the housing market has dropped significantly and many prospective buyers are seeing this time as a golden opportunity to grab a bargain.
If you are buying or selling a house, you’ll need the help of a conveyancer to ensure the transaction runs smoothly. Conveyancing fees are something that some people tend to feel resentful of paying, but ultimately a conveyancer is there to protect your rights and make sure that all legal obligations are met. For some reason they get a bad press, so here are five myths about conveyancing debunked.
Conveyancers Are Hard to Get Hold Of
This isn’t necessarily untrue. Conveyancers are busy people and will often have a lot of commitments and appointments on at any given time. But they have a duty of care to respond to you, so if you can’t get through to them directly on the phone, then email them or contact their secretary to arrange a chat.
Cheap Is Best
For many people, buying a house will be the biggest investment of their lives, so it pays not to scrimp on the finer details. You may see ads for cheap conveyancing fees, but often these ‘too good to be true’ deals are just that. You’ll find that numerous additional costs pop up as the process progresses, so it’s better to agree on a fixed fee at the beginning.
Local Conveyancers Are Best
Some people feel passionate about choosing a local conveyancer, assuming it means they’ll get a better service. Given that much of the legal practice of house buying (land registry, deeds and searches) will be carried out online now, this really shouldn’t be a determining factor for you. Instead consider costs, reviews and accreditations in your decision.
Go with Your Estate Agent’s Recommendation
Estate agents often work in collaboration with conveyancers and may try to sway you into choosing their ‘recommended’ partner. This is usually for their benefit – not yours. Choose wisely based on your own research.
Conveyancing Takes a Long Time
It’s a lengthy process by nature, but a good conveyancer can complete your deal in under 10 weeks. 16 weeks is the national average. So again, check out their typical turnaround time when you carry out your research. If you want to move quickly, this could be another deciding factor for you.