Many of the experts in England agree that Cambridge conveyancing usually takes a time from 6 to 8 weeks. However, that is not “paper written”, there might be time lags or the process might end sooner than the buyer expected. During the process, the solicitor can face difficulties in communicating with the seller’s solicitor, or seller is expecting a high price from the buyer. People often blame solicitors for delaying the process of home buying. On the contrary, solicitors want the best for their clients; it is in their favour to complete the process sooner than later. If the buyer wants home buying process end successfully, he/she has to trust his/her solicitor. There are a few factors that might become a hurdle in your home buying deals.
Factors that delay home buying deals
There are a few things that a buyer or his solicitor must avoid during their home buying deals; such factors are in the hands of ours, but there are few factors not in our hands, and that happens at the seller’s side of the transaction. People also face difficulties while getting a mortgage from the lenders and that obviously will delay your home buying efforts. Few of the factors that delay the home buying deals are explained as follows:
Selling the previously owned home
A few buyers are also sellers at the same time; people when want to move into a new home, they also have to sell the previously owned properties with a price that can help them in buying their new homes. The higher the sale price, the better will it be for the sellers. A time lag often happens when sellers are not getting the price on the home they expect from the buyer; therefore, they have to wait longer for a better quote.
Getting a mortgage
Many people in England have the idea that, lender will give them pre-approved mortgage or home loan before they actually find a home to buy. Well, it doesn’t happen that way, first buyers have to find a home. Lenders require the home valuation report for the purpose of carrying out the risk analysis and then a formal offer will be issued to the buyers.
Delay in Surveys
A surveyor needed access of the property in order to do a formal evaluation or a complete building survey of the home. Buyers have to discuss with sellers about the time of the survey; after sellers allow the surveyor to access the home, a formal survey can be done on the house. Lack of communication or unresponsive seller might delay the home evaluation and surveys.
Delay in Local Surveys
Local searches are very important in the process of home buying. Local council search is done by sending a search form electronically to the council. However, not all the councils in the UK are electronically reformed or computerized; people sometimes have to do the search manually by visiting the local council. A few searches might take a day or two while other searches may require an entire week.
The Seller is looking for a home to buy
As seller will be moving from his/her property, he/she also needed to buy a new one for his/her living. While the seller looks for a new property, delay might happen in home search in England.
Getting document or information from other bodies or organizations
In home buying deals, buyers needed some document that seller doesn’t have such as the NHBC warranty document for the new built homes in the UK. Such documents will be required from elsewhere or from the bodies other than the seller or his/her solicitor.
Cambridge Conveyancing buying services make sure that there will not be unnecessary delays; you should prepare all the documents needed by the solicitor to help you in buying home. He/she will advise you and help you to sort out all the difficulties and hurdles for the best way possible. If the deal is done successfully, everyone will win.