- Accept an Offer – You will be notified of all offers. Consider the amount you are offered, the financial position of the buyers, their chain (if they are selling a property) and timescales.
- Instruct your Solicitor – They will handle the legal aspect of selling your home and will work closely with us.
- Sale Agreed – When solicitors have been instructed, we will send out a Memorandum of Sale to the seller, the buyer and both solicitors.
- House Survey – Your buyer will arrange a survey and the results will be sent to your buyer. The key things a surveyor will be looking at are for problems with utilities, damp, cracking, problems with the roof and timber defects. At this point your buyer may wish to discuss options based on any works required. We will support you through this process (if it happens) and advocate for you.
- Mortgage Valuation – If your buyer is having a mortgage their lender will arrange a valuation to confirm that the property is worth what they are being loaned.
- Conveyancing Process – This is the legal transfer of your property to the buyer and involves a lot of paperwork and due diligence between the solicitors.
- Draft Contracts – Your solicitor will ask for your Title Deeds, and they will ask you to fill in a Contents Form and a Property Information Form. They will draw up a draft contract which will be sent to your buyer’s solicitor along with any relevant documents. The contract will include what household amenities are included within the sale price and who will fix issues (if any) that come up during the buyer’s survey.
- Searches – The buyer’s solicitor will perform searches of Land Registry and Local Authority information. They will be checking for planning history, potential developments, and drainage etc.
- Enquiries – The buyer’s solicitor will raise enquiries which might include the boundaries, alterations that have been made etc. Your solicitor will check answers with you and respond accordingly to your buyer’s solicitor.
- Sign the Contract – Your solicitor will let you know when it’s time to sign on the dotted line. Potential exchange of contracts date and completion of sale date will be discussed.
- Exchange of Contracts – Your solicitor will receive the buyer’s deposit along with the signed contract and a legally binding agreement is formed for the purchase. The completion date can be set for the transfer of ownership.
- Completion of the Sale – On completion day payment is made by the buyer through their solicitor. When the monies have been received by your solicitor the sale is complete. Ownership of the property is transferred to the buyer and keys will be given to the new homeowner (generally by us).