THE SELLING PROCESS
You decide to sell your property – you need to instruct us, Peters and Co the estate agents, then contact your solicitors to deal with the legal formalities as soon as the property is placed on the market.
We come out and give you a FREE valuation.
We then take your instructions and put the property on the market.
We will arrange to satisfy ID/Money Laundering requirements and so will your solicitor.
You will receive a Terms of Engagement pack from us to sign, if you want a for sale board (advisable) if it is sole or multiple agency, and if your property is freehold or leasehold.
Your solicitor will send documents for completion by you.
Your solicitor will obtain details of your title from Land Registry.
Your Solicitor will advise your Lender of the proposed sale and request any documentation they may hold.
We will arrange to match your property against the whole mailing list and send and email your details out.
We arrange for viewings to take place until an offer is made at an acceptable level to yourself.
You will return the completed documents to your solicitors.
A memorandum of sale will be prepared by ourselves and sent to you, the buyers and both sets of solicitors.
Your solicitor will prepare the Sale Agreement and send to Buyer's solicitors together with copies of all relevant documentation.
With your help and ours, the solicitor will deal with any enquiries raised by the Buyer's solicitors.
Your solicitor will arrange for you to sign the Sale Agreement and you will let us know what completion dates suits you best.
The solicitor will liaise with the Buyer's solicitors and, if appropriate, us Peters Estate Agents in order to agree the moving date.
Your solicitor will proceed to exchange of contracts with the Buyer's solicitors and will receive a deposit from the Buyer's solicitors – this can be as much as 10% of the purchase price but will depend upon the amount being borrowed by the Buyer or whether there is a chain of properties involved. This is the stage at which both you and the Buyer are legally committed to the transaction.
Your solicitor will obtain a redemption figure on your mortgage and deal with any further queries raised by the Buyer's solicitors.
You will sign the Transfer Deed in readiness for completion.
On the date agreed for completion, the Buyer's solicitors will transfer to your solicitor a balance of the purchase monies.
You will vacate the property ensuring all items of furniture etc are removed apart from the items included in the sale.
Your solicitor will send the Transfer Deed and other relevant documents to the Buyer's solicitors and pay off your mortgage.
Your solicitor will settle the Estate Agent's account, deduct their own fees and remit the remaining monies to you or utilise the same towards any related purchase.
Your solicitor will send to you a detailed financial statement when formally reporting completion to you.
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