Published 27th February 2020
Whether you are purchasing or selling property, you will likely need the help of online conveyancers. You will also need a good estate agent. Many who are new to property transactions are unsure whether both of these industry professionals are needed and many are unsure how estate agents and conveyancers work together to simplify the process.
Ever since Brexit was officially put into place, there has been a boom in the property market. Both sellers and buyers are currently on the increase. At the same time, the number of estate agents in the UK property market is also on the rise. This is great news for buyers and sellers, as it means more choice for selling or buying homes. On the other hand, estate agents typically have a limited range of services. Their primary goal is to help parties find property to sell or find buyers to purchase. Conveyancers, on the other hand, focus on the legal transactions that arise during the process of sales and purchasing. This could include anything from property surveys and evaluations to deed transfers and various other steps that arise during a typical transaction.
If you are hoping to have the entire transaction handled by your estate agent, you will quickly find that things get complicated. When you work with an estate agent as well as a conveyancer, you will find the journey far less stressful. Keep reading to find out how these two teams help to streamline the process.
Let's imagine you are a first-time buyer who is looking for a family home. To start the process, you will likely begin by viewing ads online. After viewing a few different homes, none of which quite fit your requirements, you finally find your dream home. It's in the right area, it ticks all of your boxes, and it's within your price range. The estate agent showing the house helps you find your home and helps you put in your offer, but you will need a solicitor to handle the various steps involved in the purchase. With the help of a solicitor, you will have a legal expert to handle the negotiations on your behalf. The solicitor will communicate with the seller's solicitors, while also assisting with property surveys, buyer protection, insurance, and various other services that help make the process easier.
Without this help, the process becomes a lot more stressful. Although estate agents are invaluable for getting the best deals and finding property, they do not have legal expertise and experience. This means that they are not able to take you through the often confusing steps involved in the purchase of your new home. They also lack the ability to offer buyer protection or other measures if your offer is rejected or the sale falls through for some reason.
Rather than trying to navigate through everything on your own, or expecting your estate agent to handle everything, it is far better to make use of both an estate agent and an experienced conveyancer. This is the best way to take away the stress of buying your first home.