We have rather assertive vendors who has insisted on a preliminary contract with a non-refundable deposit 6,000. Is it wise to enter into such agreements?
There are two main drawbacks with signing a lock out agreement (occasionally referred to as a shut-out contract) is that it diverts attention away from making progress with the conveyancing process, so in the absence of it needing limited or no negotiation then it may turn out to be a cause of frustration and delay. It is not particularly popular amongst Paignton conveyancing lawyers for this reason. A further concern is the extent of the remedies available - a jilted buyer is not likely to secure an injunctive ruling by a court to prohibit the owner disposing of the property to another buyer, so the only remedy available under the agreement will be the reimbursement of wasted charges and, in rare circumstances, the extra payment of damages.
What will a local search tell me regarding the property we're buying in Paignton?
Paignton conveyancing often commences with the ordering local authority searches directly from local Authority or via a personal search company for example Onsearch The local search is essential in every Paignton conveyancing purchase; that is if you don’t want any nasty once you have moved into your property. The search will reveal data on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic sections.
My cousin has suggested that I appoint his conveyancers in Paignton. Should I use them?
Much as we are happy to recommend a Paignton conveyancing lawyer it’s preferable to choose a conveyancing practitioner is to get referrals from friends or family who have previously instructed the solicitor that you are considering.