Initial Steps
- Receive details of your Buyer from your Estate Agent and contact the Buyer’s Lawyer
- Obtain your Title Deeds
- Obtain your responses to:
- Property Information Form (A General Questionnaire about your property), Inventory of Fixtures, Fittings and Contents (which details the items you propose to leave at the property or sell separately)
- Take your instructions on the buyer’s lawyer’s enquiries
The Draft Contract
- Prepare and submit draft Contracts to the Buyer’s Lawyer
- Reply to the Buyer’s Lawyer’s enquiries
- Obtain approval of the draft Contract from Buyer’s Lawyer and send to you for signing in readiness for exchange of Contracts
- Agree a completion date with you and your Buyer
Exchange of Contracts
- Proceed to exchange of Contracts
- Exchange of Contracts will commit the parties (make the transaction legally binding) to the Contract to complete the transaction on the completion date
Preparing for Completion
- Receive the Transfer Deed from the Buyer’s Lawyer for you to sign
- Obtain confirmation from your Lender of the amount outstanding on your mortgage
- Prepare our financial statement and request funds for completion
Completion
- An estimate time frame for a freehold sale is 2-3 months from your initial instructions to completion.
- This is the date by which you must vacate the property.
