Conveyancing update: Time to be realistic on house sale prices

The media appears to be bombarding us at the moment with innumerable ‘facts’ about residential conveyancing, many of which contradict each other, and some that are simply misleading.

In my experience the market is buoyant and Harrison Drury has completed more transactions in the last few months than we have for a long time, which I attribute to clients being more realistic and having a good team behind them.

Regrettably some sellers (often encouraged by estate agents seeking their business) have an unrealistic opinion of the value of their property and an unrealistic expectation that the seller of the property they want to buy will reduce their price.

My philosophy is quite simple – be realistic.  The figures are, to some extent, irrelevant. You know the type of property that you want to buy and you know what it is worth to you, but instead of having rigid figures for each, think of it as ‘my house plus X amount’.  If for example, you think that your house is worth £200,000 and the house that you want to buy is worth £250,000, it means that the new house is worth your house plus £50,000. In reality it doesn’t matter whether the transactions proceed on the initial figures or, say, £190,000 and £240,000. It’s still your house plus £50,000

To be able to proceed on this basis you need a good team behind you that you can trust.  Harrison Drury does not sell houses or arrange mortgages, but we have good relationships with other companies who we trust (and hope that you will too).

It is therefore important that you contact us before you instruct an agent or a broker so that we can guide you through the whole transaction.

If you would like to discuss conveyancing for a potential home move, or any other legal matter, contact Andrew Bartlett 01995 607950.