What happens when a sale is agreed on a property For Sale

Once You Are Sold

If you have not already done so, you will need to appoint a solicitor who we are happy to recommend from our panel of tried and tested local lawyers. You may also need to discuss your mortgage requirements and our independent mortgage advisor will offer impartial advice that can highlight huge cost savings and is initially completely free.

You may also need help or advice in connection with your new home and we are happy to provide whatever assistance is required such as negotiating the purchase on your behalf, a professional survey, or just simple reassurance drawing on our considerable local property market experience. Additionally, we can recommend excellent local removals companies to move you.

We will monitor your sale throughout the transaction, talking with solicitors, surveyors and lenders, as well as you and your buyer to ensure the process is as hassle free as possible and runs to your preferred timescale.

Once you accept an offer we will do the following:

  • • Prepare a memorandum of sale
  • • Write to all parties to confirm the agreed price
  • • Ask you to confirm your solicitor's details

Your solicitor will send out a draft contract to the buyer's solicitor who will then carry out preliminary enquiries. At this stage you will also be able to agree on dates for the survey on your property, exchange of contracts and proposed date for completion.

You will be assigned a dedicated member of our sales team to guide you through the process, who will keep in regular contact with you from the offer right through until completion. We will advise you and negotiate on your behalf throughout this process, keeping you informed every step of the way.

There are no legal obligations until contracts are signed.

Fill out the relevant questionnaires

Once solicitors are instructed, you will receive a variety of forms and questionnaires to fill out from both your estate agent and your legal representative, to give the buyer all the information about the property, and about the sale. It is important that all paperwork and documents are returned to them promptly.

Documents such as the fixtures and fittings forms and copies of ID will be needed by your solicitors to prepare the draft contracts to send to the buyer’s solicitors.

Enquiries, Searches and Management Pack

Once the draft contracts are with the buyer’s solicitors, they will be reviewed and amended and initial enquiries will be raised. At this point, the buyer’s solicitors will also order the local authority searches in order to check up on any potential concerns with the property such as a risk of flooding, future building plans, current planning issues, environmental concerns, etc. – these searches could take a few weeks to come back.

If your property is Leasehold the solicitors will need to order a management pack from the property’s management company on the seller’s behalf as a lot of the enquiries that will be raised will be answered by this pack. The pack itself will contain crucial information about the property, including any works that may have take place and accounts in relation to service charges etc. There will be a fee for the pack, which varies depending on the management company. The seller should ensure that this is requested early on as the management company will need to prepare the pack and send it out to the solicitors, and the longer that it is left, the greater the chance that things will begin to slow down while it’s being prepared!

During this period there will be a lot of “back and forth” in terms of enquiries and waiting on documents and it is this part of the procedure where a lack of communication can hurt the sale as it can cause progress to stall. It is imperative for us to make sure that the lines of communication are wide open and that everything is being dealt with