Instructing a solicitor to oversee the sale and/or purchase of a property might cost you additional pounds from your wallet, however, it might help you greatly, eliminating any risk that would cost you a lot of money, or even total loss of your property.
Benjamin Stevens have been helping people buy and sell properties for almost 20 years.
In that time we've seen purchases go through in a matter of weeks but we've also seen an array of issues occur, and both have required good legal help. We have always firmly believed that it's best to instruct a solicitor and to do so as early on in your property jounrey as possible, to help speed up the whole process.
We all have heard of disputes that arise in the course, or even years after purchasing a home, or other real estate assets.
As a home buyer, you may tend to be conversant with all the requirements that you should meet to buy a particular house. However, just like anybody else, you are subject to overlook on certain little details, which might eventually cost you greatly.
This calls in for a really great property solicitor, who will help you navigate through every step.
Here are some top tips as to why it's so important to instruct a good solicitor:
Reviewing the agreement of purchase as well as all the other legal documents:
Most buyers might be having to negotiate with their property sellers; however, you should ensure all the dealings for the contract are legally binding. A real estate solicitor will not only help you in reviewing and negotiating on the purchase on your behalf, but also ensures that the contract adheres to all the set rules that might adversely affect your home in future.
Ensures that there are no disputes listed against the property:
As explained above, overlooking of any detail, no matter how petty it may seem to be, it can stand as a great threat later. A real estate solicitor will ensure that a thorough background check is done, before commencing on the home buying process.
Arrange for Title Insurance:
Upon buying a home, land, or any real estate property, ensure you are issued with a genuine and valid property title. How can you get this done, without any chances of making not even a single mistake? Hiring a professional solicitor could be your ultimate solution to this. Once you have closed the home buying deal, your real estate lawyer will ensure that you get a valid title.
Ensure property tax compliance documents are up to date:
Well, depending on which home or property you intend to buy, you may be required to comply with the payment of tax. Which properties/homes call in for this? Before buying, has the previous homeowner been complying with the taxes? How much should you pay if you are to pay? All these queries can be adequately cleared by your real estate legal representative.
Other services that a real estate solicitor can offer include;
- Calculating the land/home transfer tax due while closing
- Coming up with the mortgage documents
- Closing the transaction, ensuring all financial and legal conditions are met.
- Wrapping up!
Hiring a competent solicitor can be a way of ensuring your interests are protected, your purchase adheres applies to the set rules within your region. Why take all the risk while you can avoid all this by hiring a real estate solicitor while buying your home, or any other real estate property?
If you would like a list of our trusted bank of solicitors that we work with on a daily basis then get in touch today on 020 8958 1118.
Finding your way home with Benjamin Stevens Estate Agents.