6 top tips for a smoother property transaction

Wed 19 Jun 2019

They say it’s one of the most stressful things we do, and with several major obstacles to overcome before you get the keys things can unexpectedly grind to a halt, testing the nerves of everyone involved.

However, there are a few things you can do to make the process as stress-free as possible. Here are NAEA Propertymark’s top tips that can help with a smooth-sailing property transaction.

Get organised

Before you even start looking for a property, get organised. You should speak to a mortgage adviser to confirm your budget and get an agreement in principle from them. Then do some research into which areas you can and can’t afford before arranging any viewings.

When your offer is accepted, you’ll get a formal mortgage offer, but remember this will only be valid for a set time-frame, and if you don’t complete on the property before it expires, you’ll need to start the process again.

Don’t sit on things

At the start of the process, your solicitor will probably send a lot of information through to you, and it’s important to review, fill out, sign and return everything quickly and efficiently. Don’t rush anything, but don’t sit on things for two or three weeks as you’ll be holding up the process. Accept that normal life may need to take a back seat until you have exchanged contracts, and make sure you’re fully contactable – even if you’re on holiday.

Choose a first-class solicitor

Your conveyancer or solicitor is crucial to the whole process, so it’s important you’re working with someone you trust. Ask for recommendations from friends or colleagues to ensure your sale or purchase is in good hands.

Communication is key

Keep in regular contact with your solicitor and estate agent so you’re up to speed with what’s going on throughout the process. You might want to agree a weekly update between all parties at the start of the process to reduce the chances of any miscommunication or misunderstandings.

Set a realistic deadline – and stick to it

By agreeing a realistic target date for exchange, everyone has a set deadline to work towards, which should give the whole process some impetus and structure. If one side or both sides aren’t in a rush to move, build in some extra time between exchange and completion rather than being too flexible with the exchange date.

Mark Hayward, Chief Executive, NAEA Propertymark said: “Property transactions occasionally take longer than expected and there is nothing more frustrating for someone who is eager to move, than a delayed transaction. Planning well and managing your own expectations can help mitigate against this and your estate agent should also guide you through the process and keep things moving on your behalf.”

If you're looking to buy or sell, please give us a call to discuss your requirements, on 01480 218200.

"Helped me out when I needed to rent something at short notice whilst trying to arrange everything from New Zealand. Efficient, friendly company who I highly recommend."

News Archive

July 2020

A guide to deposit protection schemes

June 2020

Meet The Team - Q&A Series: Anthony Charters

NEW electrical safety standards in force from 1st July.

May 2020

Re-opening the Housing Market: Our Approach

March 2020

Corona Virus - Tenant Update

February 2020

Meet The Team - Q&A Series: Amy Duffy

Meet The Team - Q&A Series

January 2020


August 2019

5 top tips to ensure you find the best tenants

July 2019

How To Make Your New House A Home

June 2019

6 top tips for a smoother property transaction

We now officially have an award-winning Sales Team!

February 2019

In Conversation: Q&A With David Hawkes, Land & New Homes Director

Are you prepared for the forthcoming Letting Fees Bill?

January 2019

BREAKING: Stricter rules for mandatory electrical checks

Fitness For Human Habitation Act Becomes Law

Fitness For Human Habitation Act is now live, but what does this mean for Landlords?

Why is pays to use an agency that specialises in land deals

October 2018

Self managing? How evicting a tenant could fail spectacularly

September 2018

How we handle the three D’s – Death, Divorce & Debt

August 2018

First time buyers outstrip movers for first time in 23 years

July 2018

What does the profile of a modern landlord now look like?

Could your garden offer you the financial security we all strive for?

The top 4 things that put off UK homebuyers on viewings

House sale failures in the UK fell from record high in first quarter of 2018