In this two-minute read, we look at what homeowners can do to reduce the risk of a property sale fall-through.
We’re about to banish a myth that many people still believe about selling a home.
The misconception is that once you’ve accepted an offer for your property, the hard work is done.
Unfortunately, that’s not the case.
Yes, it’s fabulous to receive an acceptable offer you’re delighted with, but there are still lots of potential twists and turns along the road to selling successfully.
You don’t want your sale to hit roadblocks that slow the moving process down and raise the chances of it falling through and sending it back to square one.
When that happens, it’s frustrating, stressful, and time-consuming.
The good news is that you can do simple things to raise your chances of getting the sale through to the finish line.
The tips below can help speed up the process by up to two months.
Tips to avoid a fall-through:
Tip 1: When looking to instruct a conveyancing solicitor to handle your sale’s legal side, pick one who agrees to give you a weekly update. Ask your agent for recommendations of conveyancers who communicate consistently.
Tip 2: Before putting your home up for sale, get ‘market ready’. It’s a great idea to fill in a Property Information Questionnaire (a good agent will be able to provide you with one). It’s a form that asks several questions your conveyancer needs to know. This will help them review the information you have supplied and help you resolve any issues or replace missing documents. Doing this before your home is under offer (or even on the market) will significantly speed things up when a deal (subject to contracts being exchanged) has been agreed upon.
Tip 3: Remember that the conveyancer is working on your behalf and should be responsive to your calls for updates.
This isn’t an article bashing conveyancers – quite the opposite. Good conveyancers work wonders with agents and for their clients.
A communicative conveyancer AND a proactive estate agent are often the differences between a successful sale carried out in a quick timeframe or a slow, frustrating experience that raises the risk of a fall-through.
If you have any questions about the selling process, get in touch with us on 01782 478444 and we’ll answer them for you.
