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Anything to watch out for in an Vendor's Contract?
alicewilliams
Posts: 74 Forumite
Hello,
I'm just wondering before you sign the vendor's contract to exchange, is there anything to watch out for, such as hidden clauses/conditions?
Also is it the solicitor's job to check for anything or the buyer's?
I'm just wondering before you sign the vendor's contract to exchange, is there anything to watch out for, such as hidden clauses/conditions?
Also is it the solicitor's job to check for anything or the buyer's?
0
Comments
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This ain't your first rodeo so why the naivety?
https://forums.moneysavingexpert.com/discussion/48549630 -
Your solicitor should advise you if there is anything out of the ordinary - that's their job. But they send you all the paperwork when it's time to sign the contact, so you can have a squizz yourself to get to know the details, and then you have an opportunity to ask them to clarify anything you're not sure of.0
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By "solicitor's job" do you mean the seller's solicitor, or are you using a solicitor yourself?
If you are NOT using a solicitor (or licenced conveyancer) I strongly advise you not to DIY the conveyancing since you clearly don't know how.
If you ARE using a solicitor, then you are paying them to (amongst other things) check the contract for you.
Having said that, you should never sign any legal document without reading it carefully, making sure you understand it, and being confident you agree with it.0 -
Assuming you are emplyong a solicitor, their job is to check the paperwork/contract for you and highlight anything prejudicial to your interests.
What they usually cannot do, is check that statements/plans in the paperwork match reality, because they don't normally visit the site.
For example, our solicitor had no idea that the driveway for our house had been moved since the title documents were drawn up. It fell to us to notice this, enabling her to contact the owner's solicitor, who then altered the paperwork accordingly.0 -
This ain't your first rodeo so why the naivety?
https://forums.moneysavingexpert.com/discussion/4854963
Because I went through a property purchase very long time ago and not only have I forgotten, but it's possible the process may have changed.
Thank you everyone. That answers my question. :beer:0
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