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Grayfield Solicitors

  • enquiries@grayfieldsolicitors.com
  • 148 High Road Romford Essex RM6 6NT
02085038424
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Checklist For Selling

Checklist For Selling a Property

1. INITIAL STAGE: -

  • Put Property on the market, Sale Price Agreed.

  • Estate Agent notifies solicitors of sale price and forwards Memorandum of

    Sale to solicitors.

2. 1ST LETTER FROM SOLICITORS TO YOU: -

  • Professional Fees and Disbursements and requesting deposit on account to commence conveyancing process.

  • Requesting details of current Mortgagees to confirm current Mortgage outstanding (if any).

  • Tenure of Tile (Freehold/Leasehold) – If Leasehold, details of management Agents.

3. 2ND LETTER FROM SOLICITORS TO YOU: -

  • Enclosing Draft Contract Documentation.

  • Protocol Forms.

  • Preliminary Enquiries and Additional Enquiries.

We will also raise Preliminary Enquiries with the Agents (If Leasehold Title)

4. ON RECEIPT OF 3. ABOVE, THESE ARE FORWARDED TO THE BUYERS SOLICITORS, WHO WILL COMMENCE THEIR TITLE INVESTIGATIONS. THEY WILL ALSO CARRY OUT THE FOLLOWING SEARCHES: -

  • Local Authority Searches.

  • Environmental/ Drainage Searches.

  • Land Registry Title Search.

5. APPROVAL OF CONTRACTS OF SALE AND PRE-CONTRACT ENQUIRIES BY BUYER’S SOLICITORS:

If the Buyers Solicitors require further clarification, we may revert to you for further information. Once they are satisfied with the title, will contact you to agree a suitable completion date (i.e., the date when the keys will be handed over). We will forward the contract to you for your signature.

6. EXCHANGE OF CONTRACTS: -

A deposit (usually 10%) is paid to us to hold until completion and the signed Contracts are exchanged. This means both parties are now legally bound to buy and sell. A date for completion is agreed at this point.

We will write to the mortgagor to confirm a final mortgage redemption figure, and forward to you: –

  • Our final Invoice.

  • A final Statement of Account – to include apportionment of service chargeand ground rent.

  • The Transfer for your execution.

7.

The Buyers Solicitor will carry out further searches prior to completion date to ensure that good title is passed on registration.

8. COMPLETION: -

This is when we receive the balance of the purchase price and hand over the keys to your property.

9 . POST COMPLETION: -

We will arrange for the payment of:

  1.   The Outstanding Mortgage.

  2.   Estate Agents Fees.

  3.   Balance due to you.