Guide to Selling a House
As soon as you have agreed a sale:
- You should contact your nearest Red Kite Law office to give us details
- Tell your Estate Agent that we are acting for you and give them our contact details
We will send you our Terms and Conditions of Business and ask you to sign and return them to us.
We will ask you to produce proof of identity, as required by current money laundering laws.
We will obtain the deeds to your property and the Land Registry copy entries needed to prepare documents that the other parties need to get started.
You will be asked to give essential information about your house by filling in a “Property Information Form” and a “Fixture, Fittings and Contents Form”.
We will also need you to give us any documents relating to the property such as guarantees or planning consents.
We will send a draft contract to the buyer’s solicitors who must then carry out searches with the local authority and other agencies (this can take approximately 4 weeks in some cases).
We will maintain close contact with you to arrange times to exchange and complete that suit you and all the other parties involved (through a chain if there is one)
When contracts are exchanged, you and your seller become legally committed to the transaction and a date will be set for the legal completion to take place.
Only when legal completion takes place will you actually move house.
Contracts are usually exchanged over the phone between the two parties’ Lawyers then the signed contracts are sent by post.
Before the completion date we will approve the transfer deed – the document by which legal ownership is transferred from seller to buyer – and we will ask you to sign it in readiness for completion.
On completion we will receive the purchase money from the buyers and hand over the title deeds.
Any existing mortgage and your legal and estate agents fees will be paid from the proceeds of sale, and any balance will be forwarded to you unless required for a related purchase.
Once the transaction has completed, you need to liaise with the buyers or estate agent to hand over the keys for your property.