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When to instruct Solicitors?
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Richard_Webster wrote: »I agree. Trouble is that you get nervous FTBs who think that somehow things will go quicker if their solicitor gets papers etc on their purchase, even though the reality is that nothing much will really happen until the chain is complete.
As someone stuck in a chain this is entirely the case.
We're done and ready to move, but one person who didn't instruct the soliciters till late is playing catchup. We've been "waiting paperwork" for three weeks now at the top of our 4 house chain, in reality theres nothing we can do but it's getting frustrating.0 -
I agree. Certainly if the estate agents or the clients thought it would help psychologically for me to be instructed. but not do anything I would agree something whereby I didn't charge as long as I didn't get too involved.Quote:
Originally Posted by mandi
mm but doesnt the " bare minimum usually incur costs ??
There is an incomplete chain, therefore no one can proceed . In the current climate , or even when the property market was at its best , if you cant proceed , why instruct a solicitor
The OP s sellers dont have anywhere to move to , they are looking at a " limited area " There is a good chance , unless they find somwhere soon ( or consider renting), that the chain will collapse. .As Richard posted . the FTBs have the upper hand , im afraid , but so could the OPs sellers if they move to rented ( I know I would )
No sale , no need for the bare " minimum " by a solicitor( unless its free of course )
My post at 9.02 yesterday is based on my experience (as an agent) and one which is common and I would always be happy to suggest to my clients. Yes make sure there will be NO chanrge from your solicitor and I have never known one try and make a charge for just receiving a letterRICHARD WEBSTER
As a retired conveyancing solicitor I believe the information given in the post to be useful assuming any properties concerned are in England/Wales but I accept no liability for it.0 -
Thanks to everyone for your help and advice.
It seems that our vendors are going to go in to rented if they do not find anywhere this weekend.
:j0 -
Thanks to everyone for your help and advice.
It seems that our vendors are going to go in to rented if they do not find anywhere this weekend.
:j
Good outcome and good to hear vendors have some common sense.A retired senior partner, in own agency, with 40 years experience in property sales & new build. In latter part of career specialising in commercial - mostly business sales.0
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