Ten Tips on a Residential Conveyancing - Sale Transaction

1. Choose a recommended Estate Agent to sell your property. Please note that you will also need an Energy Performance Certificate (‘EPC’). For details of recommended estate agents and energy assessors in and around Knutsford, Timperley, Didsbury, Chorlton, Wythenshawe, Sale, Longsight, Wilmslow and Alderley Edge please Contact Us.
2. Before accepting an offer to purchase your home we would advise you to ask your estate agent for details of how the proposed purchaser intends to fund the purchase of your property.
3. When the sale is agreed by the seller, ensure that you provide the Estate Agent with the details of PLS Solicitors and ask the estate agent to send out the sale memorandums to PLS Solicitors’s residential conveyancing team as quickly as possible.
4. Before sending out contracts for sale PLS Solicitors’s residential conveyancing team will send out to you Transaction Forms. These are the law society’s approved conveyancing forms on a residential conveyance. We would advise you to complete these and return them to your residential conveyancer as soon as possible in order that the draft contracts and also supporting legal title can be sent to the buyers solicitor as soon as possible.
5. Whilst nowadays 85% of the country is registered land and there are no real need for title deeds, if you do have the title deeds to your house it is a good idea to send them to your property lawyer just in case there is anything in those deeds which need to be disclosed.
6. At exchange of contracts one of our property lawyers will send to you the contract for sale. It is important that before exchange you provide us with the specific date on which you wish to move to your new home as a specific completion date is needed to insert into the contract for sale.
7. Once exchange of contract has been effected your designated property lawyer will contact you in order to obtain your exisiting mortgage account details so they can write to your mortgagee and obtain details of the amount required to redeem your residential mortgage.
8. Between exchange and completion we strongly recommend that you arrange for removal vans 2 weeks before you move to your new home as demand for their services is high whereas supply can be quite low. For details of recommended removal companies in and around Knutsford, Timperley, Didsbury, Chorlton, Wythenshawe, Sale, Longsight, Wilmslow and Alderley Edge please Contact Us.
9. A few days before completion, we will send to you the transfer for the property and a financial statement detailing the balance of the funds to be sent back to you on completion once the mortgage has been redeemed; the estate agents fees paid and property legal have discharge their invoice. We strongly recommend that you inform us before completion if you require the monies on the same day (i.e a CHAPS transfer for which there is a charge) or you are happy for the funds to come within 3 working days of completion (i.e. a BACS transfer).
10. On completion your residential conveyancer will send you the balance of the funds due from the sale.