When selling or buying a home via a traditional estate agent, you will be required to spend extra fees commissioning a licensed conveyor or a solicitor.
We will be discussing the purpose of a solicitor, how the solicitor costs are calculated, and how you can pick a solicitor.
What Do Solicitors Do?
The purpose of a solicitor is to carry out all of the legal work that is involved with buying and selling. In other words, they give legal advice and act on behalf of their clients in legal discussions.
Each solicitor can have a specific area of expertise. For example, some solicitors deal with buying and selling residential property, while others are more specialised in buy-to-let and commercial properties.
Some of the other work that solicitors do include:
- Advising on corporate premises purchases
- Ensuring that clients receive compensation if unfairly treated by buyers
- Landlord and tenant agreements
How Are Solicitor Costs Calculated?
Solicitors provide a very specialised service, meaning that you will have to pay a high price for hire.
On average, solicitor fees range from £500 to £1800. However, the price tag will depend on the size of the property that you are selling and the profit that you are likely to make from the sale.
There are a few factors that affect the price of the solicitor fee:
- The nature of the transaction. If the sale of your home is very complicated and complex, you will be charged more by the solicitor.
- The worth of the property that you are selling. The higher the value of the property, the more money you will be charged.
- The amount of legal advice and specialised knowledge that you require.
How To Pick A Solicitor
There are a few factors that you should consider before deciding on a solicitor:
As mentioned, solicitor fees can be quite high and depend on a number of factors. Selling a home can be a very stressful and expensive process, so it is vital that you settle for a solicitor that won’t cost you too much.
You should always check the reviews and recommendations of a solicitor before hiring. If they have very good reviews, you will most likely be satisfied with their service.
Check Their Credentials
Make sure that your solicitor is qualified and experienced before hiring. You are far more likely to be happy with the service you receive if you do a background check.
Open Property Group Charge No Solicitor Fees When Selling
Here at Open Property Group, we can buy your house fast without you needed to pay any solicitor or estate agent fees. In as little as 7 days, you can sell your property!
You also avoid spending even more money on cosmetic repairs, additional bills, and mortgage repayments. This provides a stress-free process associated with dealing with solicitors and legal barriers.
Selling a home is very stressful, time-consuming, and expensive. You can make the process much easier and less stressful for yourself by selling your property fast to Open Property Group.
Watch the video below which explains more about selling your property fast or click here to continue reading this article