The sellers of the house we are looking to purchase are using a conveyancing solicitor in Holbrook who has recommended a exclusivity contract with a down payment of 5k. Are such agreements sensible?
Lock out contracts are contracts binding a home owner and purchaser giving the buyer the sole right to purchase the premises for a certain period of time. For all intents and purposes, an exclusivity agreement is a contract stating that you should have a contract at a later date which is the contract for the actual sale. It tends to be utilised for buyer confidence though in many situations, the owner may enjoy an upside from such agreements as well. There are numerous pros and cons to having an agreement but you should to check with your lawyer but beware that it may result in incurring extra in conveyancing charges. In light of these reasons these agreements are rare when it comes to conveyancing in Holbrook.
What can a local search tell me regarding the house my wife and I buying in Holbrook?
Holbrook conveyancing often commences with the ordering local authority searches directly from local Authority or via a personal search company such as Onsearch The local search plays a central role in most Holbrook conveyancing purchase; as long as you wish to avoid any unpleasant once you have moved into your property. The search should provide data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject areas.
I am selling my home. My previous lawyers closed down. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Holbrook if that makes things easier.
Do use our search tool to help you find a solicitor for your conveyancing in Holbrook. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes with a minimum of fuss.