What Does Under Offer Mean?
When it comes to buying or selling a property, it can feel like there’s a whole different language involved.
If you’ve never bought or sold a house before, it can be difficult to know what everything means – and we’ve all been there!
When a property is ‘under offer’, it means that an offer has been accepted by the owners of the property, but contracts have not been exchanged yet.
Under Offer Meaning
Navigating your way around the world of property speak isn’t easy – although if you’ve watched a few episodes of Location, Location, Location or Homes Under The Hammer, you’re a good portion of the way there.
When you’re buying a property, it can be a stressful time.
Whether you’re a first-time buyer, you’re moving home or you’re investing in property, the buying process can still present challenges.
That’s without even mentioning the prospect of selling your home.
How Long Does Conveyancing Take?
Conveyancing refers to the area of law that deals specifically with the transfer of land and buildings – that’s buying and selling property to you and me.
Because most of us don’t have to deal with legal issues too often, moving home is one of the few times you’re likely to deal with a solicitor. And because of that, we know how important it is to find the right one for you.
While the conveyancing process might seem like a different world at first, it doesn’t need to be that complicated. To help, we’ve outlined the entire process below:
- Step 1 – You decide to buy or sell a property
- Step 2 – You instruct an estate agent or begin your property search
- Step 3 – You agree to buy or sell a property OR both
- Step 4 – You instruct a conveyancing solicitor
- Step 5 – They prepare the sellers pack (if you’re selling) to send to the buyers and begin the legal process or if you’re buying, they begin legal searches
- Step 6 – Your solicitors prepare the contracts to buy or sell the property (or both)
- Step 7 – Contracts are exchanged
- Step 8 – Completion Of The Conveyancing process
Once you’ve agreed on your purchase or sale, it’s time to find a conveyancing solicitor you can trust.
There are a lot of legal aspects involved in a property transaction that include searches if you’re buying, information packs being drafted and send, and contracts being drawn up.
Searches might include local authority searches, environmental searches, water and drainage searches, and sometimes even coal mining and chancel repair liability searches.
These will always depend on the location and type of property or land as your solicitor will only recommend a coal mining search if your property is in an area near a former (or current) coal mine.
Conveyancing fees will also differ depending on the value of the property, where it is, the solicitors you choose, and the searches that need to be conducted.
And that’s why it’s incredibly important that you find the right solicitor for you…
Conveyancing Solicitors Near Me
We know that finding the right Conveyancing Solicitor is crucial – it almost goes without saying, right?
Buying or selling property can be a stressful experience, so we’re here to make sure you’re in safe hands by connecting you with expert solicitors near you for FREE.
So, if you’re looking for a Conveyancing Solicitor near you to help with your property sale or purchase, we’ve got you covered…