The owners of the home we are hoping to buy have instructed a conveyancing practitioner in Chelmsford who has suggested a exclusivity contract with a payment 10k. Are such arrangements the norm for Chelmsford conveyancing transactions?
Exclusivity agreements are contracts binding a home owner and prospective buyer granting the buyer exclusive rights to purchase the property for a set period of time. Essentially, an exclusivity is a document specifying that you should receive a contract at a later date which is the contract for the actual sale. It is generally utilised for buyer assurance though in some cases, the vendor may enjoy an upside from such agreements as well. There are numerous pros and cons to having them but you should to check with your solicitor but beware that it may result in costing you extra in conveyancing charges. In light of these reasons these contracts are rare when it comes to conveyancing in Chelmsford.
Will commercial conveyancing searches reveal proposed roadworks that may affect a commercial property in Chelmsford?
Its becoming the norm that commercial conveyancing solicitors in Chelmsford will order a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in sourcing accurate data on highways that impact buildings and development assets in Chelmsford. The search result provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Chelmsford.
For every commercial conveyancing transaction in Chelmsford it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately may cause delays to Chelmsford commercial conveyancing deals as well as pose a risk to future plans for the site. These searches are not ordered for domestic conveyancing in Chelmsford.
I am looking into buying my first house which is in Chelmsford and I am already nervous. I couldn't find anything specific about Chelmsford. Conveyancing will be needed in due course but do you know about the Chelmsford area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Chelmsford. In the meantime here are some basic statistics that we found
We're first time buyers - agreed a price, yet the selling agent informed us that the owners will only proceed if we appoint their chosen solicitors as they are insisting on a ‘quick sale’. Our preferred option is to instruct a local solicitor used to conveyancing in Chelmsford
We suspect that the owner is not behind this request. If they require ‘a quick sale', alienating a serious buyer is not the way to achieve this. Bypass the agents and go straight to the owners and make the point that (a)you are serious buyers (b)you are ready to progress, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)however you intend to instruct your own,trusted Chelmsford conveyancing firm - not the ones that will earn their estate agent a introducer fee or meet his conveyancing targets set by senior management.
I am purchasing a ground floor flat in Chelmsford. Conveyancing solicitor is awaiting, from the seller, building insurance paperwork. Earlier today I was informed that the vendor needs to forward the insurance documents for the flat above in addition. Why would my solicitor need to see the insurance for the flat above? Is it strictly required? We have been in hold for the previous 4 weeks…
It is not impossible in leasehold conveyancing in Chelmsford to discover Conveyancing in Chelmsford in a minority of cases reveals that the lease obliges the tenant's to insure their individual flats rather than the freeholder insuring the whole property - which is definitely better. Do double check with your lawyer but it would seem that your solicitor is seeking to establish that the whole building is insured. Insuring a ground floor residence is no help when it comes to rebuilding after a fire if the 1st floor cannot be rebuilt as a result of lack of insurance cover.