Selling your home can be a daunting experience, but thankfully there are ways to make the process easier and less stressful. For example, many sellers don’t instruct a solicitor or licensed conveyancer until they have a sale agreed.
Few sellers realise this, but it will speed up the process considerably if you instruct them before you put your property on the market.
By getting your solicitor involved early on, they will have more time to get all the necessary legal documents prepared to complete the sale. They can get a draft contract prepared and ready to go out as soon as you have a buyer in place.
There are a lot of things that they can do in advance like carrying out ID checks, agreeing their terms and conditions with you in writing, locating the property deeds, obtaining up to date title documentation, and sending you the property information form and fittings and contents form that you will need to complete, covering important things like who looks after the boundaries of the property, whether any changes have been made to the property, who the service providers are, and the fixtures and fittings you’re including as part of the sale.
They will also need to be in touch with your mortgage lender if you have one.
The earlier your solicitor can familiarise themselves with your property, its title and any potential defects or problems, the more prepared they will be to deal with any issues raised by your buyer’s solicitor.
If you’re selling a leasehold or share of freehold property that has a managing agent, you’ll need a management/pre-assignment pack from your freeholder and/or management company, and this can take a few weeks to obtain.
This provides your buyer with detailed information on important things like ground rent, service charges, insurance and requirements for transferring the lease, and their solicitor will need time to go through it and raise any queries with your solicitor or management agent.
If you’re also buying a property, if you have the details of your solicitor ready when you make an offer on a property, then your purchase will get off to a good and timely start too.
For more information, or to speak to a conveyancing specialist lawyer, please contact Woodfines on 01234 27600 or email firstname.lastname@example.org
David Webster, Partner, Woodfines Solicitors
This is a paid for advertorial placed on behalf of Woodfines Solicitors.