Selling Advice

Conveyancing Explained

There are three main stages of conveyancing for sellers:

• Pre-contractual stage
• Exchange of contracts
• Completion

Pre–Contractual Stage

Once you have accepted an offer for your property, the legal documents then need to be prepared to transfer ownership from you to the buyer.

The contract contains details including:

• Any legal restrictions or rights on the property
• Any planning restrictions in place
• The property’s boundaries
• A description of the services to the property, e.g. drainage
• Which fixtures and fittings are included in the sale
• How much the property is being sold for
• The proposed date for completing on the sale

Your conveyancer will do the following on your behalf:

• Draft the initial contract
• Answer questions from the buyer’s conveyancer (with your assistance)
• Negotiate the details of the contract where necessary

Exchange of Contracts

When the seller and buyer are happy with its contents, they sign final copies of the contract and send them to each other - this is the ‘exchange of contracts’. Once contracts are exchanged, the agreement to sell and buy is legally binding and usually neither party can pull out without paying compensation.

Your conveyancer will liaise with the buyer’s conveyancer. The buyer’s conveyancer will prepare the legal documents to transfer ownership. You will need to check with the buyer who will be responsible for the insurance of the property once contracts are exchanged.

Completion

Once contracts have been exchanged and any remaining checks by the buyer have been completed.

• The money is transferred from the buyer to you.
• The legal documents needed to transfer ownership are handed over.
• You move out and leave the property in the state agreed in the contract.
• You hand over the keys to your agent ready for the buyer to collect.
• The property now belongs to the buyer.

Finding the right conveyancing firm

There are many options when deciding upon the right company to assist with the sale of your home. With years of experience we have teamed up with two of the very best Conveyancing firms, who offer us a dedicated telephone line to assist us in getting your sale completed, which gives you complete peace of mind that your sale is in safe hands.

Energy Performance Certificates

Energy Performance Certificates (EPC’s) give information on how to make your home more energy efficient and reduce carbon dioxide emissions. All homes bought, sold or rented require an EPC by law.

All EPC’s are valid for 10 years. Ask us how we can provide your home with an EPC.