Conveyancing Guides: Selling

Selling your property can be a confusing time which is why we have devised this step by step guide to explain the stages of your transaction.

If at any stage you do not understand any of the underlined terms, please click on the word to see a full explanation.

Sale Agreed

1. Once you have instructed us, one of our Property Lawyers will obtain your title deeds and Land Registry copies. You will then be asked to complete a 'Property Information Form' and a 'Fixtures, Fittings and Contents Form.' If the property is leasehold there will be an additional form.

2. We will also ask you to give us any guarantees or other documents not held with your title deeds e.g. damp and timber reports, planning consents for alterations and extensions etc.

3. The draft contract will be prepared and sent to the buyer's solicitors, who will then carry out various searches (this can take up to four weeks). We must answer any queries they may have with your help. Once these queries have been answered you will be asked to sign the contract.

Exchange of Contracts

4. Once everything is agreed (including completion date) and the contract is signed we can proceed to exchange contracts. At this stage the sale becomes legally binding. The Buyer's solicitors will send a deposit to us.

5. We will approve the transfer deed and ask you to sign it. We will also apply for any mortgage redemption figure and prepare the final accounts.

Completion

6. On the completion date we will receive the balance of the sale price, in return for which we will hand over the title deeds to the buyer's solictors.

7. We will redeem (pay off) any mortgage out of the sale proceeds, collect our legal fees and disbursements and will forward any left over money to you, unless you are using it for a related purchase.