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Selling Your Home
When
should I contact you? Whether
you are buying or selling we think it is best that you contact us as soon
as possible. We
can then help in the decision as to your choice of Estate Agent and decide
on any other preliminary matters which need to be considered. We
also find it useful to have a little lead time to carry out such things as
obtaining your titles from your lenders and on occasions various types of
searches can be required, deed plans have to be prepared.
What
happens once an offer has been made? Once
a formal written offer has been received by your estate agent it is passed
to us for us to agree with you the exact detailed reply that is required.
At this stage it is customary to exhibit the titles to the
purchaser’s solicitors with any other papers such as building consents,
guarantees for specialist work etc. so that in so far as it is possible
there are no matters which can be left to cause an unexpected problem
later in the correspondence. When
all aspects of the bargain have been completely agreed and the contact is
bonding on both parties the Conveyancing process begins in earnest: ·
The purchaser’s solicitors prepare the transfer document which
they wish you to sign (“the Disposition”).
The draft deed is checked by us and returned to them with any
required amendments. We also
provide evidence by way of searches to show what mortgage(s) affect the
property, planning position, how the property is affected by mining etc.
to establish with the purchaser’s solicitors that it is safe for the
purchaser to proceed to settlement. What
about dealing with settlement of my mortgage, and the Council Tax? And
Electricity and Gas? We
will deal with the discharge of your existing loan(s), advise the local
authority in relation to the change of ownership so that they are able to
change their records for Council Tax purposes but the question of having
Electricity or Gas meters read and advising the telephone company of the
change of ownership is something that you have to deal with. What
happens about the keys? Generally
speaking the arrangement in relation to the transfer of the keys is
something which is arranged on a case by case basis.
Sometimes it will be convenient for you to hand the keys over
direct to the purchaser, at other times you will leave them with the
estate agent to be collected on the date of entry.
We will discuss this with you and agree what it most convenient in
the circumstances. When
do I get my money after the sale? At
the date of entry when the keys have to be delivered we receive the
purchase price from the purchaser’s solicitors (usually this is paid by
way of a cheque but sometimes, particularly where the purchase price is
very large, this is done by Telegraphic Transfer of the funds).
After paying the sums which are due to your lenders, the estate
agents and ourselves we remit the balance to you as soon as possible and
certainly within 2 working days in accordance with any instructions that
you have given us. What
will all this cost? Obviously
you will want to know what all this is going to cost and of course, as is
usually the case, “that depends”. ·
If you do not wish us to be available to advise and discuss every
aspect of the transaction but only to deal with the legal essentials, we
can charge a fee that is rather less than that which will apply if we are
to advise at every step of the transaction. ·
You can of course upgrade your service decision if you wish at any
time throughout the transaction should you feel that you need more advice
than the basic legal minimum. ·
To let us give you an estimate prepared specially to your
requirements please complete the form below and e-mail it to us.
We will try to reply in 24 hours during the business week.
The
major costs that you need to be aware of when selling are:- Search
Fees.
In
relation to title searches these are usually no more than £60. Property
Enquiry Report.
You
will be required to supply a report from the Local Authority records
showing that the subjects are not affected by any planning notices or
orders. The cost of this
currently is £54. If
you are also required by the purchaser to prove that the subjects are
connected to the mains water supply and sewerage system then the costs
increases. Registration
Dues. It will be necessary to pay The Keeper of the Land Register for the registration of the document discharging your existing loan. The cost for this is based on the amount of the original loan which is being discharged. The charge made by the Keeper is £11 for every £10,000 of loan being discharged.
To
allow us to provide you with a detailed estimate please complete the:
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