Selling a Property
Property Sale Solicitors
If you’re selling your home it’s vital to make the right decision when it comes to hiring a solicitor – and finding a good conveyancing solicitor on Wigster couldn’t be simpler!
You can instruct a solicitor before your house is even on the market, which can save valuable time. They can prepare your Home Information Pack (HIP) before you instruct an estate agent. It might also help in negotiating the estate agent’s selling fee!
For a reliable, efficient and personal service at the best price, please click on the “Get me a Quote” button below to compare the prices and services of a wide range of specialist solicitors.
Conveyancing is the process of legally transferring ownership of a property from the seller to the buyer. Conveyancing also includes the various searches and enquiries and any final tasks following the sale. It’s advisable to appoint a solicitor or licensed conveyancer to help you.
There are three main stages of conveyancing for sellers:
- Pre-contractual stage
- Exchange of contracts
- Completion
Once you have accepted an offer for your property, legal documents need to be prepared to transfer ownership from you to the buyer. As the seller, you are responsible for drawing up a legal contract. If you have hired a solicitor or licensed conveyancer, they will do this work for you. The buyer then checks the draft contract and may wish to negotiate its contents.
Your solicitor or licensed conveyancer will do the following on your behalf:
- draft the initial contract
- answer questions from the buyer’s solicitor or licensed conveyancer – they will need your assistance for many of the answers
- negotiate the details of the contract if necessary
When the seller and buyer are happy with its contents, they sign final copies of the contract and send them to each other – this is the ‘exchange of contracts’. Once contracts are exchanged, the agreement to sell and buy is legally binding and usually neither party can pull out without paying compensation.
Your solicitor or conveyancer will answer any further queries from the buyer’s solicitor or licensed conveyancer. The buyer’s solicitor or licensed conveyancer will prepare the legal documents to transfer ownership. You will need to check with the buyer who will be responsible for insurance of the property once contracts are exchanged.
Once contracts have been exchanged and any remaining checks by the buyer have been dealt with:
- the money is transferred from the buyer to you
- the legal documents needed to transfer ownership are handed over to the buyer
- you move out and leave the property in the state agreed in the contract
- you hand over the keys to the property to the buyer
The property now belongs to the buyer.
Find a Property Solicitor locally or nationally from a range of fixed legal cost options and select a quality Solicitor to save you money – wigster.com “Compare Solicitors, Compare Prices”
