Monthly Archives: January 2016

What to Budget for When Moving House

Moving house
Professionals can easily help you get your own house

We all know that moving home is never cheap, but many forget to factor in the hidden and less exciting costs such as Estate Agents, Solicitors and Home Removals.

Let’s look first at estate agents, everyone’s favourite industry to knock. If you are a first time buyer then lucky you but for the rest of us estate agents seem to be a necessary evil. Before you instruct an agent first check out what they offer and get used to the idea of bargaining a little. All said and done you’ll probably need to face up to the idea of paying between 1% – 3% on the price you eventually get for your old house. Your agent should also be able to arrange for an Energy Performance Certificate or indeed you can organize this separately.

Chelmsford Solicitors fees for buying a house, they are never cheap but are not impervious to competition. So again, get the best price you can by shopping around. As a buyer you need to face up to costs of around £500 – £1000 plus some extra for Local Searches (approx £200) and Land Registration Fee (often between £100 – £500). If you are also selling budget for an additional £400 – £600 but it may well be possible to get a good deal if you are combining both a sale and purchase.

Just as you’ve adjusted your budget for the benefit of estate agents and solicitors someone reminds you that you’ll need the services of a removals company. Once again be prepared to shop around but do make sure that you get two or three companies out to properly assess how much there is to move. Typically you’ll pay around £500 for a small house or flat and upwards of £1200 for a house depending on its size. You may be able to negotiate a better fee if you can make your move at a particular time of the month when removals firms are less busy. Reducing how much needs moving by de-cluttering will also help keep costs down. No use taking things with you that you no longer need.

One of the biggest ongoing costs you’ll ever incur is a mortgage. Most people understand the need to shop around for a good deal these days. Much depends on how much you are able to invest as a deposit as to the deal you get. The more you put in yourself the better the interest rate is likely to be. But you also need to examine your current mortgage if you have one. Are there exit or redemption fees you need to consider, or is your mortgage portable? Even if you stay with the same lender fees of between £100 – £300 are not uncommon. Lenders will nearly always charge you a valuation fee of around £175 on the property you are buying. This fee should not be confused with a full home survey however. It may be best to instruct your own surveyor and way up the cost of either getting a home buyers report at around £300 or paying approx. £500 for a full structural survey. This could just be one area where paying the extra will save you thousands at a future date. After all information is power. If something alarming comes to light during the survey you may well want to back out of the purchase altogether or use it as a bargaining tool to get a discount on the price.

Questions to Ask When Buying a New Home in Chelmsford

Buying a new home in Chelmsford
Snag an Idyllic home in Chelmsford

Buying a new home can be a very exciting time in a person’s life. There are many considerations one should be aware of before taking the plunge into new home ownership. Before you make this huge life investment, you should ask yourself the following questions:

Is buying a new home in Chelmsford affordable?

When buying a new home, you have to consider the financial implications of home ownership. You have to consider the mortgage payments, the down payment, fees such as closing costs and lawyer expenses, taxes, and other costs. Use an online financial calculator that takes your income and debt and calculated it to determine how much you can afford.

Does the new home meet my requirements?

Make a list of all your needs. Consider children and pets. Are there enough bedrooms and bathrooms? Is the yard big enough for a pet? Do you need a home office? If you have children, check to see if parks and schools are close by. Do you have to travel a long distance to work? What is the crime rate like in the neighbourhood? How close is your home to supermarkets and malls? Is there a neighbourhood development association that imposes strict rules?

Are there any hazards?

Check to see if the home is in a high risk area such as flooding, earthquakes, tornados, and hurricanes. You may have to pay higher insurance premiums. Also, find out what home inspections are needed.

What are the sale closing costs?

Closing costs are the costs associated with the sale transaction. This can include fees for legal documents, recording deeds, escrow fee, real estate commission fee, reconveyance fee, and Title Insurance.

Is the exterior of the house in good condition?

When assessing the exterior of the house, ask such questions as: What materials were used for the exterior? Do the trim or walls require painting? Is weather-stripping installed? Do windows and doors have insulated glass or storm windows? What is the condition of the gutters? Is the foundation in good condition? Is the ground sloped away from the foundation? What material is used for the foundation?

Is the interior of the house in good condition?

Are there cracks in the walls and/or ceilings? Has the interior been recently painted?

Are the kitchen cabinets installed properly? Do the doors open and close properly? Are there exhaust fans in the kitchen and baths? Is the interior trim in good condition? What is the condition of the door knobs and locks? Are there any visible structural defects? Is the attic area insulated? Are there any sloping floors in the home? Is there an attic fan for ventilation?

What is the condition of the heating, electric system, and hot water system?

Is the incoming electric service properly installed? Is the main electric panel easily accessible? Are there adequate light fixtures throughout the home? Are lighting fixtures installed at all exterior entrances? Is the number of electrical receptacles in each room sufficient for modern living? Are ground fault circuit interrupters (GFCI) installed?

What type of furnace or boiler is installed? (Hot air, hot water, heat pump, etc. ) What type of fuel is used for heat? Does the home have central air conditioning? Is the size water heater adequate for your needs? Are there heating/cooling outlets in each room?

What is the condition of the plumbing system?

What is the source for water and sewer? (City, private, well, septic) What materials are used for water and sewer pipes? (Copper, PVC, iron, etc.) What is the quality and quantity of the well water? Do the plumbing fixtures work properly? Is the water pressure adequate?

Buying a new home is a serious life commitment with lasting costs. Before buying a home, make sure you consider all of the positive and negative aspects of home ownership with London legal fees buying house so that your final decision will be the right one.

How to prepare and Sell Your House- Chelmsford solicitors for buying and selling a house

Chelmsford Solicitors for buying and selling a house
Get all the pieces right for peace of mind

Selling a house can be one of life’s stressful events, especially if you are also buying a house and you want to sell your property fast. This guide will aim to simplify the process step by step with Chelmsford solicitors. However, more in-depth walk- through can be found within our guide on how to sell a house online.

1. Preparing your property

First impressions count for everything when it comes selling a property, so it is vital that your house looks at its best for potential buyers. You will need to maintain the condition from the moment you get valuations until an offer has been accepted.

The external view is the is the first impression to ensure that the gardens are tidy, window frames and doors have a fresh lick of paint and rubbish and rubbish bins are out of site.

Inside the property, create more space by moving some furniture into storage, remove clutter and non-essential items. Make any minor repairs that are necessary and clean thoroughly from top to bottom. Include eradicating unpleasant smells and even decorate rooms if necessary.

2. What Price to Ask?

When valuing a property there are three things to bear in mind:

  • The property valuation is simply an estimation of what somebody else might pay for it.
  • This does not necessarily bear any relation to how much you paid for it, how much money you’ve spent on it since, and how much you need out of the sale.
  • Getting the price wrong can damage your chances of a sale.

The most common method of property valuation is by using comparable; you should be able to gain a rough idea by looking a local papers, property websites and similar properties in the area. Also it is normal practice for a potential buyer to offer a lower price than the asking price, so you will need to allow for an element of negotiating.

However, don’t get greedy, if you price yourself out of the market you will not receive any interest!

3. Marketing

Have a think about how you wish to market your property. Nowadays there are three options available:

  • Sell it yourself
  • Online Estate Agent – from £299+VAT
  • Traditional Estate Agent – 1.5% – 2% of the asking price.

4. Energy Performance Certificate

EPCs are required by law; you won’t be able to market or sell you property without one. The Energy Performance Certificate consists of two multi-coloured graphs:

  • The energy efficiency rating is a measure of the overall efficiency of a home. The higher the rating, the more energy efficient the home is and the lower the fuel bills will be.
  • The environmental impact rating is a measure of a home’s impact on the environment in terms of carbon dioxide (CO2) emissions. The higher the rating, the less impact it has on the environment.

5. Property Viewings

The best person to sell your house is the one that knows it the best best – you! Be obliging and flexible when it comes to meeting your buyers. Don’t turn down a great opportunity.

6. Negotiating

Your own circumstances will play a major role in the negotiation process for the sale of your property. There are several things to consider:

  • How much pressure are you under to sell
  • How much demand do you have for your property

7. Legal Process

Once you have accepted an offer you will need to ensure that your finance is arranged for your onward purchase and instruct a solicitor to start the legal process.

Experience a new way to Buy or Sell a find Chelmsford solicitors for buying and selling a house.

How to market conveyancing quote of online conveyancer Chelmsford

Online Conveyancer ChelmsfordTo buy houses in Chelmsford people visit solicitors/licensed conveyancer offices in the Chelmsford City to shop conveyancing quote. Marketing conveyancing quote by visiting solicitors offices takes time, however, wouldn’t it be great if you can shop or market conveyancing quote just sitting in your homes! It is great if people can enjoy the services of solicitors/licensed conveyancer sitting in the homes, it will both your time and money. Fortunately, there is a space for buying homes online in the UK and Wales. People now can market conveyancing quote from their desktop/laptops; there are many great conveyancing websites, you just need to look at the right place. So how you will find great conveyancing quote online? In this article, you will learn how to find great conveyancing quote online.

How to find online conveyancer Chelmsford City

Finding a solicitor online is not a big deal; there are hundreds of online firms providing conveyancing services to the customers in different parts of the UK. Finding an authentic solicitor firm is a little complicated thing only for first time home buyers. But, there is nothing to worry about, you just have to visit Solicitors Regulation Authority and you can search names of the solicitor. If a solicitor you are searching is authorized to convey homes in Chelmsford or other cities of the UK, the website will show you what you need to do or whether you should market his/her conveyancing quote or not. Next, we will talk about a few sources for marketing conveyancing quote online.

    1. Solicitor Regulation Authority
      The first and most authentic source of finding solicitor online is the regulation authority that defines all the rules and regulations for the solicitor to convey homes for the buyers in the UK.
    2. Surfing online
      Generally, people surf online for conveyancing quote, the tricky thing is to narrow down your search for online that location where you want your new home. As you want your home in Chelmsford City, you should surf like ‘online conveyancer Chelmsford,’ the phrase will only show you the results for a conveyancing solicitor for the city of Chelmsford.
    3. Searching with experience
      When people search conveyancer, they mostly use “cheap conveyancing solicitor” keyword, but people should also search for experience solicitors working online providing people home buying service
    4. Searching for professionalism
      Every professional solicitor lets people see and read about his/her conveyancing experience spoken by the mouth of his/her past client. If you didn’t find testimonial page on the website of online conveyancing solicitor, you might probably be landed on the page of non-professional property lawyer working on the web.
    5. Narrow down the search
      If you want to buy a home in Chelmsford City, you should narrow down your search only for the city and also add professional or cheap quote with the keyword such as cheap online conveyancer Chelmsford or professional online conveyancer Chelmsford, it will minor down the search to the very same property lawyer who will provide you the home buying services in the Chelmsford City.

What are a few advantages of online conveyancer Chelmsford?

Let’s discuss a few advantages of online conveyancers providing services in the city of Chelmsford. Three great advantages of online conveyancers are:

      1. Ease of Access
        There are many advantages of marketing online conveyancing quotes; first and most obvious advantage of online conveyancing is the ease of access to the solicitor’s firm.
      2. No win no pay contracts
        The second most advantages of hiring online firm is the price advantage. If the solicitor won’t be able to win the contract of home buying, money will be returned to the buyer.
      3. No hidden Fees
        Online conveyancing is a transparent thing, buyer can see all the prices or costs required to buy a home. Just visit the website of the conveyancer and ask him/her the conveyancing fee.

Summary

In this article, you have learned how to find online conveyancing Chelmsford City. For more information about conveyancing in Chelmsford, you can visit our website.

Chelmsford Conveyancing Solicitors – Why Getting the Right One is Important

Chelmsford Conveyancing Solicitors
Energy performance

Many buyers do not acknowledge the importance of having a competent and professional solicitor when dealing with conveyancing. This is especially the case in residential transactions.

A solicitor’s role in residential conveyancing is first and foremost to ensure that it runs smoothly and efficiently. In complex residential conveyancing deals, as with commercial conveyancing, the role of a solicitor is varied – they are responsible for drawing up drafts of contracts specifically designed for the deal, as well as spotting any problems that might arise and any factors that could affect the value of the purchase.

You should find Chelmsford Conveyancing Solicitors that have experience in your kind of purchase. It is also recommended that you do the research and make an initial decision before your offer has been accepted. After an offer has been accepted the seller can put pressure on you to complete quickly and agree a mortgage with your lender. Therefore, the least thing you want to be worrying about is finding a good solicitor.

How high-quality conveyancing solicitors can benefit you:

An efficient solicitor should work to the following schedule:

  1. The lawyer draws up a sale contract and fulfils all the relevant local searches. They should also anticipate any relevant additional searches, which may be relevant to the individual property.
  2. Once in receipt of the seller’s questionnaire and fixtures and fittings form, he/she should raise any appropriate enquiries in relation to your personal requirements.
  3. Any potential problems raised by the local search results should be reported back to you, the client.
  4. The draft contract will be sent to the seller’s solicitor via DX (document exchange). If this is approved then it will be checked by you and signed.
  5. If everything is in order then the solicitor will request the deposit money from you and authorization from your lender that you have access to the appropriate funds.
  6. If all questions have been satisfied, an exchange and completion can take place concurrently.
  7. Lastly, if there are any outstanding issues the solicitor should be able to draft watertight conditions precedent into the contract for sale.

Good solicitors will always keep their client informed of the progress of the deal. Many firms now have an on-line tracking system where you are able to visualize the progress of your conveyance. In using a competent solicitor a straightforward residential conveyance should only take weeks.

How a bad solicitor can affect your conveyancing:

A poor solicitor will follow the above schedule, but may work in a much less efficient way, which will severely delay the timescale of your conveyance:

  1. They will wait for the local searches before preparing the draft contract; they will also file away the title deeds received from the sellers’ solicitor.
  2. Once they receive the generic local searches they may raise a few more alternative searches for clarity. This is done later on, rather than trying to anticipate the searches that will be needed on location/type – these can be obtained at the same time.
  3. Upon receipt of the seller’s replies and the results of the further searches he/she will then produce a draft contract and send this off to the seller’s solicitor for approval using the postal service rather than DX.
  4. When the contract is returned he will post it to you for checking and signing. You will then sign this and return with the deposit monies.
  5. They will then contact the lender for approval of the mortgage; this can take anything up to 4 weeks before coming through.
  6. Eventually you are ready to exchange and hopefully complete without any further delays.

Working in such a traditional and slow manner, the above solicitor could slow your conveyancing process from weeks to months. In delaying the purchase you also run the risk that the seller becomes impatient, loses confidence in your intentions and thus pulls out prior to exchange.