Conveyancing:Don't Let Your Estate Agent Bully You!
- AuthorPaul Hajek
You’ve decided upon which Estate Agent to instruct to sell your home and then you’re asked what about “your legals”.
If your Estate Agent demands you must use “their lawyers” for the Conveyancing on your home: listen carefully, but don’t be bullied
You need to be aware who you are dealing with.
1. There are the Corporate Estate Agents who are forced to “push” Conveyancing to their sister companies.
This option is usually the most expensive. It involves high pressure tactics to get you to sign up to the Conveyancing service as soon as possible or face the prospect of being pestered until you make a decision
This option invariably results in a Conveyancing “factory”or a Conveyor Belt Conveyancing or “call centre” operation.
I have many examples, where Sellers and Buyers have been denied access or at best strongly advised against using their existing Conveyancing solicitors in favour of the more expensive “in house” solution
2. Estate Agents Paid to Refer Conveyancing to Conveyancing Lawyers
There are Conveyancing lawyers who are recommended by an Estate Agent (no payment made) and Conveyancing Solicitors or lawyers who are referred by the Estate Agent (the Estate Agent will receive payment)
This will include some corporate estate agents as well as independent agents.
The Estate Agent should disclose that they will receive a referral fee.
The Fee is for promoting the benefits of the particular Conveyancing services, and will involve streamlined Conveyancing with protocols of agreed service standards; telephone communication, updates etc, enhanced cooperation and is generally on a no fee no sale basis
This will normally be a slightly cheaper option than the Conveyancing provided by corporate estate agents.
3. Estate Agents who recommend Conveyancing Solicitors
These Estate Agents will be invariably independent estate agents, owner run who have worked closely with efficient and competent law firms and Conveyancing solicitors over the years, and whose services they are happy to recommend without payment.
This is also happens to be usually the cheapest option as well.
Knowledge is power.
Don’t accept the first offer of Conveyancing without doing your own research, by asking friends, family and finding out about the type of Estate Agent and the Conveyancing firm online.
You should decide who you would like to do your Conveyancing and then tell your Estate Agent who you are using.
And Bully for you!