Selling a Property

Selling your property can be a confusing time especially if it is the first time you have sold your house.

There are 3 steps that we have to go through and they are explained below.

Step 1 - Sale Agreed

Our Property Lawyers first task is to obtain your title deeds and Land Registry copies. We will then ask you to complete a 'Property Information Form' as well as a 'Fixtures, Fittings and Contents Form.'

Should the property be a leasehold there will be an additional form for you to complete.

Then we shall ask you to give us any information about the property that is not held with your title deeds. This could be anything to do with the property like any damp and timber reports, planning consents for alterations and extensions etc.

We shall then prepare the dract contract and will send it to the buyer's solicitors, who will then carry out various searches. This stage can take up to four weeks. If the buyer has any queries we will have to supply any answers with your help. Once these queries have been answered you will be asked to sign the contract.

Step 2 - Exchange of Contracts

Once everything has been agreeed which also includes the completion date and the contract has been signed we can then got about exchanging contracts. Once we have exchanged contracts the sale becomes legally binding. The Buyer's solicitors will send a deposit to us.

We will then approve the transfer deed and ask you to sign it. If there are any mortgage redemption figures we shall apply for these and prepare the final accounts.

Step 3 - Completion

On the completion date we will receive the balance of the sale price. Once recieved we will hand over the title deeds to the buyer's solictors.

This is the final step, we will pay off any mortgage out of the sale proceeds and collect our legal fees and disbursements. Any money which is left over will be forwarded to you, unless otherwise stated.