Buying and selling property – will you have moved by Christmas?
Buying or selling a house can be a testing process at the best of times, but especially so in the run up to Christmas and the New Year.
Buying or selling a house can be a testing process at the best of times, but especially in the run-up to Christmas and the New Year. Why? Because to get things done, depends, quite simply, on people.
For many, completing your house purchase well before Christmas takes priority over everything else on your wish-list – including knowing what storyline the John Lewis advert will use to reassure you that cuddly toy penguin was an essential purchase. But are you using conveyancers that have the resources to provide a 24/7 service throughout the holiday period?
A few things to note:
Be realistic with time frames
More often than not it is helpful to have a set deadline in mind for when you wish to complete. Aside from focusing the mind, it can encourage greater co-operation between you and the other party to the transaction to achieve a mutual goal. The deadline ought still to be realistic - it need not necessarily be agreed at the outset. It is important for all parties to understand the factors involved that may affect your timescale. Such factors include: whether your transaction forms part of a wider chain, you have secured the necessary funding and the requirements of third parties such as your current landlord, lender, help-to-buy agency or local council. Above all, make sure your chosen conveyancer will be available during the countdown to your pre- Christmas completion.
Do your research
Use solicitors, estate agents and lenders who have a reputation for doing what they say they will do on time. Do not just go for the cheapest on offer
Providing as much information as you have about your property can save time from the outset. And start early – your conveyancer will be dependent upon the speed of response of search providers
The future is blockchain
The ghost of Christmas future will doubtless complete in Bitcoin using a blockchain digital ledger system to register the transaction, verify the title and speed up the payment process. In the meantime, remember that the whole process currently involves people whose time may be limited by the number of transactions undertaken.
You will not be the only person wanting to complete in the same timeframe so make sure your chosen firm, like Father Christmas, has the capacity to deliver.