Selling your rural home? Ironing out your property creases…
June . 2016
Selling your Rural Property?
Imagine this – you are selling your rural property, your estate agent has arranged plenty of viewings and you have received an offer which you are delighted to accept. Fantastic, excitement all round and you can start making plans now that you have found a willing buyer.
However, there is still a long way to go before reaching the golden certainty of exchanging contracts and as we all know there is many a slip twixt cup and lip.
Stage two is where the conveyancing process kicks in and over a sometimes lengthy period any problems are rooted out by the purchaser’s solicitor – and this is crucial because we have come across plenty of examples where sales are bogged down or even terminally delayed by complications that could so easily have been sorted out before marketing even commenced. Common examples of these include problems with Title, making sure that boundaries are registered correctly and indeed if the property is not registered then sorting out the first registration; easements (rights of way); planning consents, listed building consents and building control approval if alterations have been carried out during the property’s history; a discharge permit for the septic tank if there is one and it’s not exempt; restrictive covenants in favour of a neighbour; the list goes on and while some buyers may take a view on a few glitches, others will be hesitant to do so and mortgage lenders certainly won’t.
As Agents we always strongly suggest to our clients that they iron out the creases prior to marketing, and while we understand that when selling a house they have already moved on emotionally, the practicalities remain.
Information on your home
A few years ago we had to endure the imposition of Home Information Packs which covered this very process, and more. They were unpopular and unworkable for a variety of reasons, but the principal was spot-on, that relevant and up to date information would be immediately available to the buyer so that an exchange of contracts should not be delayed. Here in South Wiltshire we face another delaying factor with the time that local authority searches are taking to be returned, but that’s another well publicised gripe which we have covered before now.
Our advice, therefore, is simple – if you want a stress-free move speak to your solicitor before you go to market and make absolutely sure that what you are selling has no grey areas which will delay or even scupper a sale. It will no doubt cost you a bit of money, but if you are a motivated seller then you will be more incentivised to do it and your solicitor will have to spend valuable time ironing out the creases anyway.