Selling a home can be a grueling task and the lack of knowledge surrounding the use of conveyancing within that may enhance your frustrations. The procedure generally takes time and knowing more about what is involved, how long it takes and it takes its time, may help lighten the load. After you have agreed Together with your Estate Agent to sell your home and before you spruce up the place, have photos taken from every angle and get prepared for all kinds of visitors; you will have to contact your conveyancing attorney and tell them you would love to get the ball rolling in anticipation of a buyer. The earlier you are able to get in touch with your conveyancing solicitor to have the paperwork in order, the better, as this process typically takes between 4-10 weeks. After you have instructed your conveyancing solicitor they will send you a client care letter outlining their proposed services and a breakdown of the costs, which you will have to agree, sign and return, together with the details of your existing homeowner loan and proof of your identity.
Once your conveyancing Attorney is in receipt of the information, they will send you a collection of preliminary enquiry forms to complete regarding your property. These include a property information form, a leasehold property information form and a fixtures and fittings form, which will establish whether there is any excess work to be performed or if there are planning permissions, building consents or construction work ensures attached to the property. Complete your forms to the best of your knowledge and send them back as soon as you can with any relevant paperwork, like the above consents. Your conveyancing Solicitor can now begin acquiring your property registry office copies and the equitable title of the property or title deeds. If you are selling a property using a leasehold arrangement, your conveyancing solicitor will also have to be in possession of a copy of the lease, your building insurance information, your service charge accounts dated back 3 decades and the property management firm’s projected cost for the following year.
A connected process can only go as fast as its slowest member, so if you are selling a leasehold property, any info which you may pass on regarding your own insurance or service charge will aid your progression. Upon receipt, your home conveyancing solicitor will then prepare a draft contract, together with a contract bunch. As soon as you have finally approved a realistic offer and you have swapped legal contact details along with your potential buyer, your conveyancing attorney will be reached by theirs and upon your acceptance, can send your property contract package to your buyer’s counterpart, with both legal agents making themselves available for any questions that either party may have.