A 7 Step-By-Step Guide to Selling a Home
A 7 Step-By-Step Guide to Selling a Home
A 7 Step-By-Step Guide to Selling a Home
The Residential Property Team at Trethowans solicitors in Salisbury are experts at making your move as prompt and smooth as possible:
Step One
We feel there is no justification for any delay. Immediately you instruct us, we do 2 things:
1. We send you our Welcome Pack - so your move is under way. The letter accomanying it will explain the contents.
2. If your deeds are registered at the Land Registry we can obtain a copy and we can despatch Contract papers to your Buyers the very same day you instruct us!
NOTE: At this point and throughout the following, we will start a discussion with all the other lawyers about your timescale, so your move does not drag.
Step Two
Once you return the contents atstep 1 above, we then send you your Contract to sign. As a result you are signed up ready to exchange within days of instructing us!
Step Three
Early on, we obtain a record of the balance owing on your mortgage (if any) and prepare a statement of the net proceeds owing to you. This avoids any nasty surprises later on, in case you overlooked a deduction (e.g. estate agent's bill, a second mortgage).
Step Four
Your Buyers will review our Contract papers, and if they wish to raise any questions, we shall attempt to deal with them, but if they require your own input then we shall ideally email or telephone them through to you and request your answers to keep up the pace of your house move.
Step Five - Exchange of Contracts
Once the Buyer is happy with the Contract papers and replies to their questions, (and your related purchase is ready if applicable), a move date is finally agreed, and the Buyer's finances are in place, it should be possible to proceed to exchange Contracts. The Buyer pays up to a 10% deposit on exchange which we will hold safe until the moving day (or use to fund your own purchase deposit).
NOTE: Exchange of Contracts ismerely atelephone call between the buyers' and sellers' lawyers whereby each promises to put their clients' part signed contract in the post that same evening, a completion /moving date is agreed and the Buyer agrees to pay a depsoit (usually 10%). Upon haning up the phone, each party can no longer back out (as either party can until exchange). As Seller you can now risk clearing your houseandbooking removals.
Step Six Before Completion
Your move date /completion date', isoften a week or two after Exchange of Contracts. We will prepare by requesting a final mortgage repayment amount calculated to the specific move date.
We also telephone you a day or two before completion just to check you are ready.
Step Seven Moving day / Completion)
On the date of completion we receive the remaining sale price from the buyer's solicitor. On receipt we authorise the release of keys through the Estate Agents (where there is one). The Buyer collects the keys from the Agents. Any spare keys can be put through your letterbox.
We pay your Estate Agents, re-pay your mortgage provider and deduct our legal fees before sending you the net proceeds (or carrying them over to any related purchase).
We look forward to working with you, but most of all, please call us whenever you have a question, as we are on your side and aim to make your move as stress free as we can.
For a colour pdf of the above steps, please download it here - http://www.trethowans.com/_uploads/documents/team_literature/completing-your-sale_a4-dec-10.pdf
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