TheSaleProcess
TheFirstFourWeeks:
Thefirstfourweeksofanysalearethemostcritical.Themomentumachievedherewillsetthe pacefortheentiretransaction.Youshouldcontactyoursolicitordirectlyeveryweektoensure thingsareprogressingsmoothly.
Belowaresomesimplecheckliststohelpensureyoursale/purchasegetstoasucessful conclusion.
SellersChecklist:
Week 1
Week 2
Week 3
Week 4
InstructSolicitor/Conveyancer
Completeandreturnfixtureslist
CheckSolicitorhassentcontract
Supplyadditionalpaperworkifrequired
CheckEnquirieshavebeenraised Answerquestionsraised
CheckSolicitorreceivedanswers
SuggestcompletiondatestoSolicitor
BuyersChecklist:
Week 1
Week 2
Week 3
Week 4
InstructSolicitor/Conveyancer PayforSearches
CheckSurveyisbooked
CheckSearcheshavebeenappliedfor
ChaseSurveyreport
CheckSolicitorhasraisedEnquiries
Checkdepositisready
CheckSolicitorhasyourMortgageoffer
TheFutureofEstateAgency
CompleteandreturnIDverification
Signandreturncontract
CheckSolicitorhasreceivedyourdocuments
CheckfixturesrequestwithSolicitor
Checkalldocumentsaresigned
MakeMortgageapplication PayforSurvey
CheckSolicitorhasreceivedyourdocuments
CheckSearchesareback
CheckanswerstoEnquiriesareback
TheSaleProcess
Belowisabasicoverviewofhowthesalesprocessworks.Oncethesaleisagreeditisovertothe solicitorsandthelendertomakesurethatthetransactionissuccessful.
PleasenotethatastheEstateAgentwehavenoinfluenceonthespeedthisprogresses.Itisyour solicitorsresponsibilitytoupdateyouthroughoutthistransaction.Ourroleisnowtosimplymonitor andassistifrequired.
InstructSolicitor
CompleteformalMortgageapplicationwithLender YouwillberequiredtopayforapropertySurveyat thispoint
Surveyisbookedandcarriedoutbyaqualified Surveyor.TheSurveyreportissenttobuyerand lender.
SellersSolicitorrespondstoEnquiries.
Lendermakesanyrecommendationsorretentions basedontheSurveyreport
Mortgageisofferedonceallconditionsaremet
Mortgagedeedissenttobuyersforsigning.This thenneedssendingbacktobuyersSolciitors.
BuyersSolicitorreceivescontractfromsellers Solicitor
BuyerpaysforSearches whichtheirSolicitor appliesfor.
SolicitorraisesEnquiries,thesearequestionsthat needclarificationfromthecontractandSearches
BuyersSolicitorgoesthroughresponsesgivenby thesellersandSolicitorandwillraisefurther Enquiriesifneeded.
Solicitorreportsfindingstobuyerandrequestsfate forbuyertocomeandsigncontractsandpaytheir deposit
Depositclearsandcompletiondatesarediscussed amongstallpartiesbuyingandsellingwithinthe chain.
Adateisagreedandcontractsareexchangedwith thecompletiondateset.Mortgagemoniesare requested.
Completion:Movingdaybuyertakeslegal ownershipofthepropertyandpaysthesellerthe outstandingbalanceontheirpurchase.
TheFutureofEstateAgency
