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Selling a home involves a lot of work and the process involves plenty of legal terminology, processes, and more.
Updated 11/10/2023
If you’ve never sold a home before, you may not be familiar with everything that’s involved with the process. But do you need a lawyer or solicitor to sell your home? We’ll answer that question and more in this article.
The answer is no; you don’t need a lawyer or solicitor to sell your house privately. There are no legal requirements that say a lawyer or solicitor are required for this kind of transaction. In fact, selling your home is much easier when using an online estate agent compared to an estate agent on the high street. Moreover, they may also be able to do all the legal work, depending on which one you choose.
Selling your home without a solicitor or lawyer can be a good idea. Let’s take a look.
Selling your house involves many processes, including the exchange of contracts, title deeds, stamp duty, and much more. The process is known as “conveyancing.” Conveyancing can be a pretty long process, depending on whether a solicitor or lawyer is involved. For this reason, many home sellers choose to work with a home cash-buying company.
A cash buyer is an individual or business that can finance their home purchase without a mortgage or selling their own home. They must have the cash available to buy the property at the time they make the offer.
Cash buyers, who are genuine, can be a great option if you need to sell your home quickly. They can usually make an offer on your property within 1-2 days (or sooner), buying your home within 2-3 weeks.
One of the major benefits of using a house cash buyer is you can avoid all of the legal costs that go with selling your home. The cash buyer, usually a company, usually takes care of all costs involved with selling your home. You save money by not having to pay for surveys, a lawyer or solicitor, and more.
Here are some additional benefits that go with using a cash buyer:
When you use the traditional method of selling your home, there’s always the danger that the sale could fall through. That’s a major problem, especially after so much time has elapsed trying to find a buyer, going through all the viewings, and more.
With a home cash buyer, you can rest assured that the sale will go through. They already have the cash on hand, so there’s no need to worry that they won’t be able to get a mortgage. And there’s no danger of finding yourself in a real estate chain. All it takes is for one property deal to fall through and your house is back on the market again.
With a cash sale, you’ll have a sure deal once you agree to their offer on your home.
Selling you home on the open market means plenty of stress. It’s necessary to get your home in shape, for one thing. That may mean doing necessary repairs and renovations you may not have funds for.
Then there are the viewings to deal with. You never know when the estate agent will call to say they’re on the way over with some potential home buyers. That means you and your family may have to scramble to clean up the house and leave before the agent arrives. That’s a lot of stress for you and your entire family to deal with!
On the other hand, there’s less stress to deal with when working with a home cash buyer. There are no viewings, and the buyer usually offers to buy homes in any condition. You won’t have to worry about repairs, renovations, and more.
Within 24 hours of contacting the cash buyer, you can have an offer on your property. And it’s free! What’s more, you’re under no obligation to accept the offer and go forward with the sale. If you’re unhappy with any part of the offer or prospective sale, just say no!
If you are happy with their offer and agree to sell your home, the sale process is pretty fast. The process is much faster than going through the traditional home sales process. Selling on the open market can take months (or longer), depending on the state of the market when you need to sell your home.
Using a cash buyer can mean your sale is fast and easier than ever.
If you choose to sell your home through the traditional home sales process, you’ll need to pay fees for many parts of the process. These can include:
On the other hand, you won’t have to pay any of these or other fees if selling your property to a cash buyer. These companies take care of all the fees, which means it won’t cost you a thing.
That means more money in your pocket for your move or buying/renting another home.
If your property could be hard to sell, don’t worry! The cash home buyer company usually offers to buy homes in any condition.
So, if your property has any type of damage, needs repairs/renovations, has a construction or foundation issue, or even if there are currently tenants in the home, none of these are problems for a cash buyer.
There’s no need to put major financing into fixing or repairing your home, dealing with tenants, or other issues. The cash home buyer will buy your home no matter its condition.
As you can see, it’s not necessary to have a lawyer or solicitor when selling your home to a cash buyer. What’s more, the process is almost stress free and you can count on the sale going through.
Working with a cash buyer makes the entire process of selling a home easier and faster than using the traditional open market method!
Yes, you can draft your sales contract, but it’s advisable to have a legal expert review it to ensure it complies with local laws and regulations.
The risks include potential legal issues, contract disputes, and financial complications. Legal experts can help mitigate these risks.
Real estate laws and regulations vary by location. It’s essential to research and understand the specific requirements in your area.
Legal fees can vary, but they are a worthwhile investment to ensure a smooth and legally sound transaction.
While it’s not mandatory, having legal representation can protect your interests, especially if the buyer has a lawyer.
Legal experts provide guidance, ensure legal compliance, and offer protection in case of disputes, making the selling process smoother and more secure.
Simply enter your details below to get a no-obligation cash offer for your house.
Simply enter your details below to get a no-obligation cash offer for your house.