Authorised and Regulated by the Solicitors Regulation Authority, No.: 265043
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This is a brief summary of what happens when you sell your home. Each
transaction is different and if you have any questions at any time, please
You will be sent a property information form to fill in giving as much information about your house as possible. It is important that you fill this in carefully as your buyers will rely on the information given.
Once we have your completed forms and title deeds, we will prepare a draft Contract. This will be sent to the buyer’s solicitor along with the other information you have supplied and copies of your ‘Title’ which comes from the Land Registry.
The buyer’s solicitor may require some additional information from you. It may be that answers you completed on the property information form require more detail or that the results of their searches have prompted additional questions. At this stage, we may need to obtain the additional information from outside sources, such as the local authority or insurance company.
When both you and your buyers are ready to commit to the transaction, the contract that you have signed and the contract that your buyers have signed are literally ‘exchanged’. Once contracts have been exchanged, you and the buyers are legally committed to buy and sell the property. Failure to do so at this stage will result in the party at fault being in breach of contract.
The agreed completion date is the date upon which you must give vacant possession and the buyer can take up occupation, having first paid the balance of the purchase price. Failure to complete will result in the party at fault being in breach of contract and financial penalties may apply. If you have a mortgage, it will be paid off from the sale proceeds before you receive the balance.
"I shall continue to sing your praises"
Property / Selling Property