Residential PropertyOnline Guide to Selling a HomeStage 1 – Sale Agreed As soon as we are instructed we will obtain your title deeds electronically through the Land Registry (if your property is registered) or from your mortgage lender (if your property is unregistered). We aim to carry out work in accordance with the Law Society and National Conveyancing Protocol and as required we will assist you to complete the Sellers Property Information and Fixtures Fittings and Contents Form. If the property is leasehold, such as a flat, there will usually be an additional form, a Sellers Leasehold Information Form. We will also ask you to provide us with any guarantees in respect of your property, as these will be required by the buyer’s solicitors. Once we have all of the necessary documentation and completed forms, we will prepare the pre-contract package. Stage 2 – Exchange of Contracts Once the contract has been agreed and the buyer's solicitors have confirmed that they wish to proceed with the purchase, a completion date or formula for completion is usually agreed. You can then proceed to exchange contracts at which point the buyer is legally bound to purchase the property and you are legally bound to sell it. Following exchange of contracts we will ascertain the precise amount of money that will be required to redeem your mortgage (if applicable). We will also advise, if you are also purchasing a property, how much money will be required to complete that purchase. Stage 3 – Completion On completion we will ensure that the proceeds of sale are received, that your mortgage (if applicable) is redeemed and if you are not buying another property we will arrange for the net proceeds of sale to be electronically transferred to you. We will advise your estate agents that they can release the keys to the buyers and your title deeds will be forwarded to the buyer’s Solicitors.
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