- Putting your property on the market
- It is a good idea to contact us before you put your property on the market. This will allow us to explain the process to you, answer any questions you may have and provide you with a no obligation fee estimate. We can also send you the initial paperwork and forms to complete and return so we have everything we need to prepare the Contract papers as soon as you have a buyer for your property.
- Contact us again as soon as you have accepted an offer and provide your estate agent with our details so they can send us the relevant paperwork.
- Pre-Exchange
- We will prepare the Contract pack and send it to the buyer’s solicitor.
- If the property is leasehold, we will need to obtain a management information pack from the Managing Agents. Most Managing Agents charge a fee for providing this pack which ranges between £250 to £450. We will find out your Managing Agent’s fee as soon as you provide us with their details.
- If the property is on a relatively new estate where an estate management charge is payable for maintaining the communal areas , we will need to obtain an information pack from the Managing Agents. Most Managing Agents charge a fee for providing this pack which ranges between £250 to £450. We will find out your Managing Agent’s fee as soon as you provide us with their details.
- If you have a mortgage we will provide you with an initial redemption statement from your lender
- We will liaise with you to answer any enquiries we receive from the buyer’s solicitor.
- We will arrange for you to sign the sale Contract in preparation for exchange of Contracts
- Exchange of Contracts
- The buyer’s solicitor will be ready to exchange Contracts as soon as they are satisfied with the replies to enquiries we have provided, they have received search results, their client’s mortgage offer (if required) and the buyers’ deposit or confirmation from their own buyer’s solicitor that they are ready to exchange.
- Before contracts are exchanged a completion date (this is the date you physically move out and when ownership of the property will transfer to your buyer) will be agreed between you and the other parties in the chain. Once contracts are exchanged the completion date is fixed and cannot be changed. You will need to take final meter readings and be ready to vacate the property on the day of completion.
- If you have a mortgage we will obtain a final redemption statement from your lender calculated to the date of completion.
- Completion
- On the day of completion the buyer’s solicitor will send us the money by telegraphic transfer. Legal completion will take place when the monies are received by us. The time of completion will depend on how many parties are in the chain. The longer the chain behind your transaction the later in the day completion is likely to be.
- We will telephone you as soon as completion has taken place. You must make sure the property is cleared and ready for your buyers to move in to and also take your keys to the estate agent to pass on to your buyers. The estate agent will only do this following a call from us authorising them to do so.
- We will arrange to pay from the proceeds of sale your estate agents account, our invoice and your mortgage (if applicable). We will send any balance payable to you by telegraphic transfer within one working day of completion.
