When you have instructed Blake Mayhew to sell your home and when we have agreed a sale, our aim is to ensure your house sale and move is as stress free as possible. This guide will help you through the steps in the process. We are always available to discuss any concerns and to try to resolve any problems that arise
Once you have agreed an offer on your property, we will take every care to check the buyers’ financial position and research proof of funds if necessary, along with the full chain check to establish likely timescales to completion.
You will need to instruct a solicitor to handle the sale of the property. We can obtain quotations for your legal costs from experienced local solicitors. We will obtain the buyers’ solicitors details and sales letters issued to all parties. If you are only selling with no follow on purchase then proceed to step 4.
If finance is required on a new purchase then you will need to arrange to see a financial advisor or bank/building society to apply for a mortgage. A cash buyer you will have to decide if they are having a survey carried out, which type, and pay surveyor fees. We can recommend several financial advisers and surveyors. Remember, a mortgage survey is the property of the mortgage provider. Mortgage arrangement fees and survey fees are paid.
Sign the agreement with your solicitors to proceed with the sale. You will receive a pack from your solicitors and will need to complete a Fixtures and Fittings form and a Property Information form. It is also helpful to locate any deeds, lease agreements, management agreements, guarantees, planning consents and any useful information for your property and send this back to your solicitor, who will issue a Contract of Sale. The buyers’ solicitor should apply for searches and usually contracts exchanged after enquiries answered and a mortgage offer received. The Buyer will have to pay search fees.
If a survey is required, a surveyor, instructed by the buyer or mortgage provider, will do this. We can recommend contractors and offer advice to resolve any conditions or retention matters that arise from the survey.
The searches received by the buyers’ solicitor and any additional enquiries raised by buyers’ solicitor are answered by your solicitor (who may ask you for information at this point).The solicitor will be able to advise the buyer of all contract matters and ask for the contract to be signed.
The contracts are signed and returned by all parties. Completion dates are then finalised and confirmed. If buying on, then arrange buildings and contents insurance for the property. Cost to be incurred: Capital deposit to solicitor and insurance fees.
Exchange of contracts takes place at this point and all parties are then legally bound. Removals can be booked, along with arranging utility suppliers, Anglian Water and Council Tax with the Local Authority.
On completion day, the funds are transferred via your solicitor and completion of the sale occurs. At this point, the keys are handed over to the buyer. Sellers Estate Agent and Legal Fees are paid.
Congratulations, the sale is now successfully completed.
