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Selling - Why Do I Need A Lawyer?

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It's a house my wife has owns (her late parents home). It was transferred into her name 15 years back as a gift before they died. It's being sold for £120k to a cash buyer. Why does she need a lawyer, all she wants is a cheque for £120k, I can understand why the buyer might want a lawyer and I can understand that their lawyer will want her to sign some documents but why would she want to pay another lawyer to do what?

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Just got some on-line quotes which range from £290 to £920 with every other number in between!

She can do the conveyancing herself if she wants, she doesn't need a lawyer, solicitors firms often don't use lawyers for this work.

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She can do the conveyancing herself if she wants, she doesn't need a lawyer, solicitors firms often don't use lawyers for this work.

Does anyone know what has to be done?

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There are lots of things you don't need a professional for.

You can do your own thing in the small claims court for a modest cost with little or no come back. You can do your own conveyancing, assuming the other side's legal people don't advise them to run a mile. You can fix your own car, or at least could do in the good old days before electronics and sealed-for-life components..

You don't need a dentist to extract a dodgy tooth. You don't need a professional surveyor when buying a run down, about to collapse property at auction. You don't need a lawyer to pursue a complex, mulit-track personal injury claim after a life changing injury that puts you on a ventilator needing round the clock care. In all these examples, using a professional isn't a bad idea though.

For some things, an insured professional is a good investment. If the house is worth £120k, then £290 is 0.25% of the value. It's a windfall, you haven't had to work for it and it isn't like you are struggling to finance the transaction. How cheap do you really want to be?

.

Edited by Stainless Sam

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For some things, an insured professional is a good investment. If the house is worth £120k, then £290 is 0.25% of the value. It's a windfall, you haven't had to work for it and it isn't like you are struggling to finance the transaction. How cheap do you really want to be?

£300 is indeed peanuts; £300 less in out bank account isn't going to make a blip in our lifestyle. We'd be happy to pay £300 to a professional for doing something that needed doing I would just like to know what that is? Does anybody know what they would be doing?

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I just rang a lawyer and asked them what they did. . .

Me . . . . . I am happy to pay I just wanted to know what I am paying for?

Them . . . We ensure that nothing goes wrong.

Me. . . . . .Why do I need to care if anything goes wrong, all I care about is that I get the money. I understand that the buyer needs a solicitor to do whatever checks are necessary and that solicitor will receive payment from the client and send me the cheque; that's it isn't it?

Them. . . .Indeed but what if the money doesn't reach you.

Me. . . . . . Then I'll report the lawyer to the police, the law society and sue them.

Them . . . Yes but them you'd need to pay a lawyer, that's what your paying for, we ensure that nothing goes wrong and if it does we pursue them.

Me. . . . . . .But if I am paying you to guard against the buyers lawyer not sending me the cheque who guards me against you if you don't send me the cheque.

Them . . . . Well it's up to you whether you want to take the chance or not, shall we send you the quote by email?

Me . . . . . . Let me think about it!

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I just rang a lawyer and asked them what they did. . .

Really? Was the call free? If it was, I contend that you did not speak to a lawyer.

But seriously, if your research into what conveyancing involves consists of asking people on an internet forum, I would also contend that you really should just hand over the money before you get hurt.

Edited by Spork of Damocles

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Really? Was the call free? If it was, I contend that you did not speak to a lawyer.

I called on of those compare the market broker type companies and the person who answered the phone, stumped by my question, put me through to a person whom she sais was a lawyer.

I am struggling to understand why I am getting hostility for asking the question - what do they do for the money! I would consider anyone who paid for something not knowing what they are paying for to be a fool.

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I am struggling to understand why I am getting hostility for asking the question - what do they do for the money! I would consider anyone who paid for something not knowing what they are paying for to be a fool.

The first bit was a joke.

You're not getting hostility just bemusement as to how someone who (if not a troll) apparently can't use a search engine is going to deal with DIY conveyancing. Want to know what's involved, try this: http://www.home.co.uk/guides/selling/conveyancing.htm

There's plenty more where that came from. I don't know how you value your time but three hundred nicker to have someone (almost certainly not a lawyer) with access to some decent templates and experience of having done it a few times versus seems better value to me than going blind into DIY conveyancing and taking much longer over it because you don't know what's involved. And potentially getting screwed over later because you messed up one of the stages.

Edited by Spork of Damocles

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