-
2
Reduce the time between your offer and exchange
Reducing the time between placing your offer and exchange of contracts reduces the opportunity for other buyers to come along. To do this however is easier said than done especially as working with some conveyancing solicitors can delay the process rather than speed it up.
There are 2 ways to speed up the conveyancing process:
- Instruct your solicitors before you place your offer so that you can get the initial paperwork, ID and protocol forms completed.
- Choose a good conveyancing solicitor who uses fast communication such as telephone and email. Believe or not, most solicitors still prefer to use the postal system and this can add weeks onto the conveyancing process.
-
3
Gazumping Insurance / No Sale, No Fee
The cost of buying a home is expensive and if you are unfortunate enough to be gazumped you don't want to have to pay your solicitors every time this happens. By working with conveyancing solicitors that provide No Move, No Fee protection you won't have to pay for solicitors' fees for each gazumped property.
There are some gazumpung insurance products that protect you from the costs of purchase including your solicitor's fees, mortgage valuation and surveys. You should always read the terms of these insurance products as they often don't cover costs incurred prior to taking out the product.
-
4
Keep registered with local estate agents
Before you even get the point of putting in an offer you will have been searching Right Move, Zoopla and the new platform, On The Market, to find your dream home. There are some statistics to suggest that it take 22 viewings before you get an offer accepted so when you get gazumped it can feel incredibly disheartening to have to start all over again.
To stay ahead, you need to keep in contact with all of the estate agents in the location you are moving to. This means keeping on the property mailing lists, talking to the agents and searching the property portal. By doing this you'll be prepared for the worst if you do get gazumped.
If you need any further help or support with being gazumped please email us at help@samconveyancing.co.uk
* Fixed Fee – No Sale No Fee – On all Mortgage Lender Panels
