To help you understanding of the process of selling a property, below is our step by step guide to a typical sale transaction.
- 1. The seller’s solicitor is instructed.
- 2. The seller’s solicitor confirms instructions by letter and sends out a fittings and contents form and property information form for completion by the seller.
- 3. The seller’s solicitor will obtain the title deeds and any other documents required and details of the amount outstanding on any existing mortgage.
- 4. The seller’s solicitor will then prepare the draft contract and supporting contract documentation and will send this to the buyer’s solicitor.
- 5. The buyer’s solicitor checks the contract and supporting contract documentation and raises pre-contract enquiries with the seller’s solicitor and also submits search requests.
- 6. The seller’s solicitor will answer pre-contract enquiries with the seller.
- 7. Once the seller’s solicitor confirms they have acceptable results from their searches, are happy with the answers to pre-contract enquiries and are in receipt of a mortgage offer (if any) the seller and buyer agree on a completion date and contracts are formally exchanged. At this stage both parties are legally committed to the transaction.