Developing a timeline for selling your home: How long will the process take?
Buying/selling a home is a long process that often takes weeks or even months. If you need to put your property on the market and finalise a transaction quickly, there are several important steps you'll need to take. Your conveyancer will also play an important role in expediting paperwork and ensuring that all legal requirements during the property transfer process have been met. Here's what you should keep in mind when developing a timeline for selling your home.
Communicate your wishes to the solicitor
Expediting the sale of a home starts with identifying the right solicitor. Even if you're able to find a buyer quickly, your solicitor will determine how soon the paperwork is processed, approved and signed by all relevant parties.
Therefore, you should start by communicating your wishes to the conveyancer. Let them know your timelines and how they can help you close on a sale within the period that you specified. Conveyancers can expedite the process in many different ways. For example, they can communicate with your buyer's solicitor to have them move at a faster pace. They can also process the sales contract, title verification, mortgage documents and closing documents in a timely manner to keep you on schedule.
Gather all necessary paperwork in advance
If you're looking to make a quick sale, you should ensure that all relevant documents are gathered and ready for presentation to your solicitor. Solicitors can open a file for you even before you find a buyer or put your home on the market. In this way, your documents will be processed while you wait for an offer that you can accept. Also, conveyancers can go through the paperwork with you over the phone or via email. You may only need to be physically present when your signature is needed.
Pay any associated fees on time
Many sellers end up shooting themselves in the foot when they need to sell a property quickly. Make sure you remain on top of fee payments, appointments and document requests from your solicitor to avoid any delays, and as with any other transaction, keep all official receipts for your records.
Inform the buyer of your desired timelines
In addition to keeping your solicitor on board, make sure you inform the buyer of your desired timelines. Let them know why you wish to close on the property quickly and request that they communicate your intentions with their conveyancing solicitor. In this way, everyone will work at your desired pace, and you'll be able to complete the property transfer sooner rather than later. For more information, contact your local conveyancing services.
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