A guide to moving home in Stourbridge and Halesowen

Tips for moving as soon as you can

•Plan your actual moving date and book your removal company.
• Contact gas, electric, water, telephone and any other service providers.
• Notify your local authorities re council tax
• Organise any post to be re directed.
• Book a removal company.
• Organise to pack your contents, it takes a lot longer than you think.
• Leave as much information for your buyers as possible.
• Confirm where your keys will be for all properties.

Exchange Of Contracts

Exchange of contracts occurs when the following have been received and agreed:

• Preliminary enquiries following receipt of draft contract
• Evidence of a good title
• Specific issues highlighted in the Lease, if applicable
• Local search queries
• Fixtures and fittings to be included in the sale
• The buyer's mortgage offer

Once the contract has been signed by both parties the deposit (usually 10% of the purchase price) will be telegraphically transferred or paid in the form of a banker's draft by the buyer's solicitor to your solicitor. The completion date is then set by mutual agreement.

Completion

Completion is when the residual monies (usually 90%) are transferred from the buyer's solicitor to your solicitor's account.
Your solicitor will call you when the money has cleared in your account and will inform us to release the keys.

Congratulations, your property is now sold!

Pay Off The Mortgage?

The mortgage company will have given you and your legal representative a precise redemption figure for your mortgage for the day of completion.

The buyer’s legal representative will have transferred the purchase money to your solicitor or conveyancer and they will pay off the mortgage for you.

Settle up with the solicitor/conveyancer and estate agent

After completion, your solicitor/conveyancer will send you an account, covering all their costs and disbursements, as well as the sale price of the house and redemption of the mortgage. In addition it is usual for the solicitor to pay your agents sale fees from the proceeds.

If you are buying and selling at the same time, the solicitor/conveyancer can settle up for both transactions at the same time, including paying stamp duty for the house you are buying.

Celebrate!

Completion day can be stressful for all concerned, especially if you’re part of a chain, but as the final step in selling in your property it means that the worst is over and you can take some time to celebrate.