Your hard work, cleaning, de-cluttering and staging paid off! You have an offer and you’ve accepted it. Time to break out the bubbly? Not quite yet! You must still transfer ownership of the property, and that is the responsibility of the seller. What does this process look like?
A solicitor or a conveyancer can help you draw up the necessary contract. This will contain essential details, including:
? Sale price.
? Property boundaries.
? Inclusions (e.g. fixtures and fittings like carpets, major appliances, etc.).
? Legal restrictions (e.g. property usage rules, public footpaths or right-of-ways).
? Restrictions on planning.
? Services (gas, drainage, etc.).
? Completion date.
You will provide the contract to the buyer, who has the opportunity to show it to his or her solicitor. If satisfied, both you and the buyer sign and exchange contracts.
Now you can put the bubbly on ice. The sale is binding once you have exchanged contracts. The only way the buyer can pull out of the sale is to pay compensation. (Note: this is true for you as well.)
Next up in the process is the completion. The buyer transfers money to you, and you hand over the transfer of ownership documents, vacate according to the agreed-upon date and give them the keys. That’s it! You’ve done it. Your house is sold!
We are happy to connect you with a solicitor or conveyancer who can handle these details for you. This ensures that every i is dotted and every t is crossed. Remember, the contract is a legally binding document, and you need to make sure the information therein is accurate. Why not take a little bit of stress off your plate during the sales process?
Now you can pop open the bubbly and toast the new chapter of your life!