Selling your home? Check out our brief video outlining the step-by-step selling process. This will provide you with insights into what actions you need to take when selling your house, what your conveyancer’s role entails, and the information they’ll require from you. Stay prepared for when a sale is agreed.
Step 1: Instruct a Conveyancer When selling a house, you’ll likely need a conveyancer to handle the legal work once an offer is made. It’s beneficial to instruct a conveyancer early in the process to be prepared for finding a buyer.
Step 2: Check Yours and Your Property’s Details Your Details – ID Check: Your conveyancer will conduct an ID check, requiring your primary ID (e.g., passport or driving license) and proof of residence (e.g., bank statement or utility bill). They’ll gather information about the sale, mortgage details, and leasehold information.
Property Details – Calculate Outstanding Monies: If you have a mortgage, your conveyancer will request a redemption figure from your lender. For leasehold properties, they’ll contact the landlord or management company.
Step 3: Request Title of Deeds Your conveyancer will obtain a copy of the title and send a draft contract to the buyer’s conveyancer. If your property is registered, the Land Registry or your lender may have necessary documents.
Step 4: Complete Questionnaires for Your Buyers Before exchanging contracts, you’ll complete detailed questionnaires for the buyers, providing information about the property and specifying what is included in the sale.
Step 5: Exchange of Contracts Once all details are sorted, agree on a completion date with the buyer and exchange contracts. Carefully review and sign the contract and transfer document, then send them back to your conveyancer.
Step 6: Complete Your House Sale On completion day, the buyer’s conveyancers transfer the purchase money to your conveyancer. This money is used to pay off outstanding balances, and legal ownership is transferred. Now, you can move out.
Step 7: Final Step – Post Completion Your conveyancer sends the signed transfer to the buyer’s solicitors for ownership registration. Keep paying the mortgage until after completion, and set up a postal redirection service. Your conveyancer accounts for fees, and any balance is transferred to you.
Remember to update your address with relevant providers and suppliers after completion.
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