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If you speak to anybody that has sold a property before, they will often tell you that completion took longer than expected. This can be incredibly frustrating, especially if you want to sell your property fast. Below, we take a look at some of the most common causes of delays in the conveyancing process.

Under-resourced or slow solicitors

There is only one place to begin, and this is with an inefficient or under-resourced solicitor. If you have a dedicated professional working on your property purchase, great! Unfortunately, this isn’t always the case, and the reason for a delay could simply be because your solicitor is dragging his or her heels. This can often happen during busy periods or holidays.

Local authority searches are taking a while

Local authority searches are required for the buyer to uncover any potential problems that could impact your property. This includes tree preservation orders and nearby planned developments. These searches may take days, but they can sometimes take weeks. You may also end up waiting for information from third parties regarding outstanding queries. It’s incredibly frustrating because a lot of the delays are so simple and you end up wasting a lot of time waiting for people to merely respond to your questions.

Issues with the buyer’s mortgage

There are a number of different issues that could happen with the buyer’s mortgage, especially if they have not taken the necessary step to get a mortgage agreed in principle. They may find that they are not eligible for one, which could derail the entire sale. Another common issue is failing to state where the deposit has come from on the mortgage application. If the deposit has been gifted, the mortgage provider will need to know this, and they will require a signature from the source, so you may end up waiting for this.

One of the best ways to avoid these delays and sell property fast is to sell your house to National Property Trade. We buy any house, and we will provide you with a free instant cash offer in just 30 seconds. This is the fastest way to offload your property and get the money you need.

Photo: Time by Leticia Chamorro licensed under Creative commons 2

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