Selling Property Conveyancing
We have acted for property Sellers in both the good times and the not so good times. We fully understand that when you as the vendor of a property has gone SALE AGREED with a particular individual that the hard part should be over.
We understand this and know that our clients need their transactions to progress to the exchange of binding contracts as soon as possible, as it is only at this point that both the vendor and purchasers are legally bound to the terms of sale as agreed. Once instructed as your property law solicitor we will immediately advise on the process and immediately act towards your goal of achieving legally binding contracts for sale at the earliest possible date.
Dealing with the unknown is daunting as therefore to assist you the following is a list of the steps involved in a straightforward property sale;
10 Step Property Sale Conveyancing Process
-
A Sale price is agreed and a booking deposit is paid to your auctioneer.
-
You instruct your property law solicitor to act on your behalf. We obtain information from you by way of a vendor questionnaire form. We also list all documents that will be required from you in advance of the closing date.
-
We proceed to take up title documents from your lending institution.
-
Sale Agreed notice issued from the Auctioneer together with the agreed closing date, amount of booking deposit paid and an inventory of contents included in the sale price.
-
Upon receipt of the title documents from your lending institution we issue contract for sale and a copy of the relevant title and planning documentation to the purchaser's solicitor.
-
The purchaser's solicitor raises any pre contract queries on title and planning issues.
-
Contracts are signed by purchaser and subsequently by you the vendor and there is now binding contracts in place for the sale of your property.
-
Detailed objections and requisitions on title document are sent by the purchaser's solicitor to the vendor's solicitor for completion prior to closing the sale.
-
Day of completion balance of closing sale proceeds received and keys handed over to the purchasers.
-
We immediately after closing the sale discharge your mortgage from the proceeds of sale and release the balance proceeds of sale to you the vendor.
The above is a guide to the standard property law selling process, but in our experience each transaction is unique and issues of varying degrees of significance arise. We deal with any such issues immediately by first notifying you of the issue. We then in consultation with you create a solution to progress the property sale to completion.