Stages of the Sale Process

How long it takes from a Sale being accepted depends on a number of issues for example if the purchaser has a property to sell themselves or there may be a large number in the chain. On average the process can take between 8-12 weeks. The exact stages involved in the selling of residential properties vary according to circumstances however below are typical stages;

  • Taking your instructions and giving you initial advice.
  • Verifying your details ie identification checks etc
  • Obtain title deeds to verify ownership. Obtain initial figures from existing lenders for redemption
  • Obtain compliance certificates, guarantees and other paperwork from you or any other third party if required.
  • If Leasehold, obtain Management Packs from Freeholder/Management company (for fees see above)
  • Answer preliminary enquiries asked by the purchaser.
  • Advise and report on Contract and send this to you for signature
  • Agree completion dates
  • Exchange Contracts
  • Obtain final Redemption figure from Lender
  • Obtain Estate Agents Commission Account
  • Complete the Sale
  • Redeem Mortgage (if required)
  • Pay from proceeds of sale Estate Agents commission
  • Pay balance Sale Proceeds to you or as notified by you

OUR FEES ASSUME THAT….

  1. This is a standard transaction and that no unforeseen matters arise.
  2. The transaction is concluded in a timely manner and no unforeseen complications arise
  3. All parties to the transaction are co-operative and there is no unreasonable delay from third parties providing documentation.

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