The prospect selling property can be daunting. There are various stages to the process of selling and these can be put very simply as follows:-
At the outset of the transaction, you will be asked to complete various forms which provide your Buyer with information about the property, from who looks after which boundaries and whether you have had any work done at the property requiring planning permission or building regulation approval to what you are leaving at the property in terms of contents. It is always helpful if the Seller provides as much information as early in the sale as possible. Once we have received the completed forms the following stages apply:-
- Submission of draft contract for approval with supporting documents including forms completed by the Seller.
- Providing replies to the Buyers lawyer’s enquiries (generally with the Seller’s help).
Once the above stages have been completed all parties will sign contract papers and proceed towards an exchange of contracts with an agreed completion date. Between exchange of contract and completion where there is a mortgage we will need to obtain an up to date figure from the Lender to redeem on completion and you will be asked to sign a Land Registry transfer document. On completion as well as paying off your mortgage, we will generally also pay the Estate Agent’s account where we have sufficient funds.
