Buying Property: 3 Steps to Take to Make Sure You Don't Face a Problem

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Buying a property can be a complicated and lengthy process. Not only do you need to make sure that the property you are selling is in order from a legal and financial standpoint, but you also need to make sure that everything is aboveboard with the property you plan to buy. Below is a guide to 3 things you can do to make sure that the purchase of a new property goes through without a hitch.

Hire a lawyer at an early stage

A big mistake which people often make when buying or selling a property is waiting until the later stages of the process before hiring a lawyer. Doing so can result in delays, especially if the lawyer has to review or change decisions which have already been made. For example, if you decide to proceed without taking the time to have the property inspected, a lawyer may recommend that you do so. This means that the deal will have to wait for an inspection to take place and for the report to be filed before you can proceed with the purchase or sale of a property. To avoid a problem like this, you should hire a lawyer who specialises in conveyancing at an early stage. 

Check out any planning permissions

Legally, it is the duty of the seller to make sure that any building regulations or planning permissions are all in order, it is worthwhile taking a look at them yourself. If any changes have been made to the property such as extending the back or adding a floor, you will need to know if this complies with the building codes and regulations set down by the local authorities. If you fail to do this, you may face problems during the transfer of the deeds which could lead to long delays. A lawyer will be able to ensure that everything is as it should be.

Sign any legal documents on time

Buying a property can involve a lot of paperwork. Some of these documents will need to be signed and submitted to the organisation financing the sale, some will need to be sent to the real estate agent, and other documents will be sent directly to the other party in the sale. Failure to sign and send documents on time can significantly lengthen the amount of time it takes for a sale to complete.

If you would like further advice about buying property, you should contact a lawyer today.