Conveyancing

James Perry Estate Agents cooperate with many solicitors (or conveyancers) in the UK during the marketing and selling stages of your property. We monitor the chain (of buyers selling their old home and sellers buying their new home) liaising with your solicitors.

The usual practice for buying a house is to negotiate an agreed price with the seller. Then a survey is organised, and the solicitor (or conveyancer) carry out their searches and pre-contract enquiries. The seller's solicitor or conveyancer will prepare the draft contract to be approved by the buyer's solicitor. The seller's and buyer's solicitors will exchange the collected and prepared property information.  The conveyancer will carry out due diligence by submitting queries – known as conveyancing searches – about the transacted property. 
It can take on average 10-12 weeks to complete the legal transfer of property from one owner to another, but while some transactions are quicker, many take longer. The timescale is determined by a number of variables - environmental, legal, personal, social and financial (unfortunately at times, delays will be inevitable and beyond our control). During this period prior to exchange of contracts (exchange being the point at which the transaction becomes legally binding) either party can pull out of the transaction at any time and for any reason, with no legal obligation to the other. 

James Perry Estate Agents are not solicitors (or conveyancers). This information is intended only for the purposes to help customers to understand the basic legal conveyancing process when buying and/or selling a property. When entering (or intending) into the legal process of buying and/or selling a property, we recommend you contact a qualified solicitor (or conveyancer) as soon as possible.