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Once you have you have accepted an offer on your property you will need to ensure that your finance is arranged for your onward purchase and instruct a solicitor to start the legal process.

Property Conveyancing

Steps in the legal work of selling a property

Firstly you will need to instruct a solicitor or licensed conveyancer to undertake the legal work on your behalf.  Turtle Homes can recommend a solicitor that can act on your behalf.

Finding out how much it will cost

Before making a choice as to who will do the conveyancing, you should find out the probable cost.  It is important to contact more than one solicitor or licenced conveyancer as there is no set scale of fees for conveyancing.  You should:-

  • check whether the figure quoted is a fixed fee or will vary if more work is required,
  • check that the figure includes expenses and VAT and get a breakdown of these costs,
  • find out what charges, if any, will be made if the sale falls through before contracts are exchanged.

Exchange of Contracts

When contracts are exchanged, and before completion, the buyer may wish to visit the house, for example, to measure up for carpets or to get an estimate for building work. However, you should not allow any work to be done by the buyers before completion.

You should inform the utility companies and phone company that you are leaving and ask for final readings to be made of the meters on completion day.  You should also inform the person at the council responsible for council tax.

If the buyer is paying a deposit, this will be paid to your solicitor at exchange of contracts.  The solicitor will hold this deposit until completion.

Completion

You must arrange to leave the house empty by completion day to hand over all the keys.

Your solicitor will receive the rest of the purchase price from the buyer and will pass this, together with the deposit, to you.

Legal Process

Right Move Zoopla Estate Agents Prime Location Michael Tuck Estate Agents Property Ombudsman
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