Conveyancing is the legal term for the transfer of homeownership between a buyer and a seller. Whether you’re a first-time buyer or not, the process can get complicated. The conveyancing process itself is pretty straightforward. You find a property you like, make an offer, and if it’s accepted, things should start moving smoothly.
Unfortunately, you can’t foresee everything. Try as you might to prepare, life is unpredictable. Obstacles are inevitable, and sometimes these can lead to delays in the process. There are various reasons that can stall conveyancing. After all, you are dealing with people and a lot of legal documents, and without professional help and guidance, it’s all too easy for things to become disorganised.
Here are some of the most common causes of delays:
Discord Between Parties
Buying or selling a home is a fairly straightforward process, but remember that it involves people with emotions, personal beliefs, and preferences. One of the most common causes for delay in the conveyancing process is a disagreement between buyers and sellers. There are a lot of things that everyone must agree on before anything is signed. Some common points of conflict include dates of exchange, completion, and other conditions.
To prevent small things from delaying the process, it’s best to prepare yourself to compromise. There’s not much to be done once the disagreement has happened; you can only negotiate and hope that it comes to an acceptable conclusion. Another thing you can do is take proactive steps to communicate and establish a good relationship with the other party.
Issues with the Property
There’s nothing more frustrating than running into issues with the property near the completion or midway through the conveyancing process. A few things that can cause trouble are hidden damage, defects, pest infestation, and so on. Depending on when these issues are revealed, it can have a great impact on whether the sale will even push through.
As a buyer and a seller, make sure to conduct a thorough inspection of the property. For sellers, it’s important that you provide all the information and be as transparent as possible about the property. Hidden defects and damage can result in costly repairs and solutions that the buyer did not sign up for. Make sure to be a responsible buyer and seller and do your best to communicate.
Make sure to have all of your documents and papers prepared and organised for any and all purposes. All too often, the conveyancing process is interrupted simply because of incomplete paperwork.
It could either be missing or destroyed. Either way, there are plenty of solutions to that problem. It’s best to have a copy of everything way before you even think about buying or selling a property.
There is a lot of paperwork involved in this transaction. With the help of a reliable solicitor, you should be able to handle everything well. See to it that your solicitor has or at least has easy access to all original and signed paperwork.
The Bottom Line
The most important thing to remember when you hit a wall in the conveyancing process is to focus on what you can do. There’s not much that can be done about the common problems that can arise during the process. What you can do is figure out the problem, take the initiative, and just be patient. Sometimes, the best thing you can do is wait for things to work themselves out.
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