Selling Property Without a Lawyer
When you’re attempting to sell any type of home, you might find it more difficult to sell without a lawyer.
Your top questions when selling property without a lawyer
✅ Is there a legal requirement to have a lawyer when trying to sell a property?
No, there is no specific statutory or regulatory mandate that says you must enlist the help of a solicitor or a conveyancer when trying to sell any type of freehold or leasehold house, flat or other category of residential property. But you should be aware that the lack of this type of legal professional might create additional barriers for your efforts to sell the property.
✅ What are the alternative options to selling a home without a lawyer?
Instead of using a solicitor to sell your property, you could choose to either handle the entire process of conveyancing – collecting, reviewing and processing all the legal paperwork involved with the sale of your home – on your own. Alternatively, you could hire a professional conveyancer, which would reduce your workload with selling but increase your costs.
✅ What are the pros and cons of selling my property without a solicitor?
There are several benefits linked to having a lawyer when selling your home, and this includes having an expert who can take on all the work involved with the complex legal aspects of selling your property, which should reduce your stress. But there are a number of potential drawbacks within having a solicitor for the sale of your home, including the high fees that they may charge.
✅ Could a buyer obtain a mortgage for a home if I don't have a lawyer?
If you attempt to sell your property without having a solicitor then you may find that buyers are unable to get a mortgage to fund the purchase of your home. That’s because home loan providers will have significant concerns about the accuracy and adequacy of the various required legal documents involved with the sale of the property without a lawyer handling them.
✅ Can I avoid having to pay commission when selling a property without a lawyer?
Yes, you could get in touch with LDN Properties or another genuine no-fee quick home buying company and then you would not have to pay any commission for the sale of your property. But if you choose to sell your house or flat through an auction or with an estate agent, they will charge you commission and this will be subtracted from the eventual sale proceeds.
✅ What's the quickest choice to find a buyer for a flat or house without a solicitor?
You’ll usually find that selling your home to a quick buyer such as LDN Properties is the speediest method, because it should only take a handful of weeks, and that covers the time required to exchange contracts and pay you the proceeds. The other choices of selling on your own, selling at an auction or selling via an estate agent can all take at least many months.
✅ How can I verify the legitimacy of a quick buyer when selling my home?
Ask individual quick buyers if they can prove they are registered with The Property Ombudsman (TPO), a third-party organisation that writes rules to guard homeowners from fraud in the industry. All true TPO members must adhere to these regulations, which should give you peace of mind when selling to them.
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