Getting ready to take your best shot in a rumbling housing market
BY LAWRENCE STOLWORTHY, PARTNER & HEAD OF RESIDENTIAL PROPERTY HART BROWN Solicitors
There are rumbles of a revival in the housing market with inflation down and an expectation that the Bank of England will soon make a base rate cut.
But with the house sale process averaging around 12 weeks, motivated home movers are being encouraged to get organised before they kickstart any sale or purchase.
It’s surprising how many properties in England and Wales are still not registered and this means that paperwork will need to be found and submitted to the Land Registry in the event of a sale. This is going to add to the timeline, so if a property isn’t yet on the digital register, then ideally owners would get this sorted before the property goes on the market.
Other key paperwork that will be required includes anything relating to modifications to
a property that required planning permission, or building regulations consent. Here, certificates must be provided to show these aspects have been properly followed through. For leasehold property, any works requiring approval by the freeholder will need to be documented too.
Sellers who want to get ready before they go to market should ensure their solicitor has examined the title, lined up all the paperwork, anticipated any problems and dealt with them in advance. It’s a tactic that avoids delay later and means they are ready to act immediately when a buyer is found, and avoids potential fall-out when a slow-down occurs.
To discuss your next move with Lawrence and his team, please call 01483 887766, email info@hartbrown.co.uk or visit
www.hartbrown.co.uk.
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