Removing the stress from your property sale
SELLING A HOUSE
Selling your house is a significant decision, not only does it mark an important life milestone, but is a process that requires expert precision and a trusted partner to guide you every step of the way.
At AmicusLaw we understand the importance of this transition and are here to ensure that the sale of your house is not only successful, but stress-free.
We have a team of experienced and dedicated lawyers who are committed to providing our clients with the best possible service. We bring extensive experience in residential property, ensuring that every aspect of your sale is handled with care and diligence. We understand that selling a house can be a complex and stressful process, and we are here to help you every step of the way. If you are ready to sell your house, contact AmicusLaw today. We will be happy to help you with every step of the process.
With local offices in Bridgwater, Minehead, Wellington, Yeovil, Martock, Exeter, Taunton and Ilminster. Your personal conveyancing lawyer will take you step by step through every important point in the conveyancing process.
the STAGES OF THE selling a house
Your house is officially under contract with a buyer, marking the beginning of the selling process.
You receive an initial letter containing essential documents to complete and return, initiating the conveyancing process.
Your solicitor receives the completed paperwork from you, ensuring that all necessary documentation is in order.
The seller’s conveyancer prepares the draft contract of sale. This is a legally binding document that sets out the terms of the sale, including the purchase price, completion date, and any special conditions.
If necessary, the buyer’s solicitors raise enquiries about the property, seeking additional information or clarifications.
Your solicitor sends these enquiries to you for responses, and once received, your solicitor replies to the buyer’s solicitor, ensuring all queries are addressed.
The contract and transfer documents are sent to you for your signature, confirming your agreement to the terms.
Your solicitor receives confirmation of the completion date from you, ensuring that all parties are aligned on the timing of the sale.
Exchange of contracts is the point at which the transaction becomes legally binding. This is a significant milestone in the process, as it means that both parties are now committed to completing the transaction.
Once exchange has taken place, the buyer is liable to pay the deposit to the seller’s solicitor, and the seller is liable to transfer ownership of the property to the buyer on the completion date. If either party fails to complete their obligations after exchange, they may be sued for breach of contract.
It is important to note that exchange does not mean that the buyer can immediately move into the property. This will not happen until the completion date, which is typically two to four weeks after exchange although in some circumstances this can be achieved on the same day.
Completion is the point at which the sale of a property is legally finalised.
On the day of completion, the buyer’s solicitor will transfer the purchase price to the seller’s solicitor. The seller’s solicitor will then release the keys to the property and send the buyer’s solicitor the transfer deed, which is the document that legally transfers ownership of the property to the buyer.
Once the buyer’s solicitor has received the transfer deed, they will register it with the Land Registry. This is the final step in the conveyancing process, and it is the point at which the buyer becomes the legal owner of the property.
Change of address checklist
It is a good idea to start changing your address when you have exchanged contracts. This will give your old address time to be updated on all of your accounts. You may also want to send out a change of address announcement to your friends and family.
We hope this checklist is helpful!