How a great solicitor can help you as a home buyer

How a great solicitor can help you as a home buyer

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 real estate solicitor, who will help you navigate through every step. This might cost you additional pounds from your wallet, but it might help you greatly, eliminating any risk that would cost you a lot of money, or even total loss of your property. Let us look at some tips of how hiring a great solicitor could help you in buying a home;

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?

 


Get in touch with us

The owner of a recent Shepperton sale shares their thoughts on the service they received from Newboulds & Co

Getting the price of your property when trying to sell can be tricky. Without being able to accurately predict the market, it is often a case of trial and error. How do you know if you've got it right? Read this article to find out the tell-tale signs of overpricing.

Do you own a leasehold property? Do you know how much is left on your lease? Read this article to learn more about why you should know how long is left, particularly before you try to sell.

Future legislation and the recent Budget have stirred considerable anxiety among landlords. The Chancellor's decision to increase the additional Stamp Duty Land Tax (SDLT) from 3% to 5% for landlords purchasing additional properties initially suggested a grim outlook for the buy-to-let sector