Freehold Selling Guide

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

This is the date by which you must vacate the property.