When you’ve had some offers on your house, you need to decide which one you’re going to accept, and then get a solicitor to carry out the conveyancing process for you. Conveyancing is the work that needs to be put in before the conveyance can take place – meaning the actual exchange of the property from you to the person buying it.
Once you’ve found a solicitor, they will provide you with detailed questionnaires that you’ll need to fill out to provide them with information about the sale and the property. This will include a general questionnaire about boundaries, disputes and any complaints, as well as potential developments and building work, as well as council tax and utilities costs, sewerage and your contact details. You’ll also have to provide them with information about the leasehold or freehold, which fittings and fixtures you’ll be including in the sale of the property, details about competition and exchange, such as when you will be handing over the keys to the new owner. If you are found to be lying about anything on these forms you could be sued for compensation.
When you’ve handed back the questionnaires to your solicitor, they will then use your answers to write a draft contract to be sent to the buyer’s solicitors. When they’ve received it, they will check it over and raise any queries they may have, and then negotiate on which fixtures and fittings will be included in the sale, whether they’ll have to pay for any of them, and also which day they will be completing. The buyer’s solicitor will have a survey carried out on your house to see if there are any major issues with the property that may need to be addressed. At this point you will also need to pay off your mortgage.
When you’ve exchanged the contracts, your buyer will have to give you a deposit and you will be legally bound to complete the sale, all that's left is to give them the keys!
If you need help finding a solicitor, feel free to give one of our team a call on 0203 44 12345 and we can provide you with some quotes.