We will liaise with your purchaser, the legal representatives, valuers and mortgage lenders in order to ensure that your sale is progressed as quickly and smoothly as possible.
Agreed Sale – Once a sale has been agreed you will need to instruct a solicitor to represent you. Should you require assistance, Franklyn James will be happy to recommend local firms with whom we already have a good working relationship.
The solicitors on either side will confirm their instructions and the buyer will instruct a valuer to conduct a valuation of the property (the 'agreed sale' is subject to the contract and any survey) and where applicable the buyer's mortgage offer will also be subject to the results of the survey. At this stage, you should provide your solicitor with a list of Fixtures and Fittings which will be negotiated separately between the solicitors and forms part of the final contract. The seller's solicitor will request the Title Deeds from the lender (if appropriate) or from yourself as the seller.
The seller's solicitor draws up the Draft Contract which sets out the terms of the sale and sends it to the buyer's solicitor together with all relevant documents. Any enquiries will then be raised, the Title Deeds and Lease (if applicable) will be checked and Local Searches carried out.
Once the draft contract has been approved, it can be signed by both parties.
Exchange of contracts – As long as the mortgage offer has been received and cleared funds placed with the buyer’s solicitor, a mutually convenient date can be agreed upon for the exchange of contracts.
Completion – The legal completion and the actual house move normally take place between 14 to 28 days after exchange, depending on the timetable of the buyer and seller.
