Five Important Steps for Buying or Selling your Home
Published: 6 July 2017
It can be tempting to jump straight into visiting new properties once you have decided to move house. The legal side of buying and selling can feel daunting, and often requires a lot of planning to stay on track. Getting the professionals involved from the start will go a long way towards reducing the levels of stress that can accompany buying or selling your home.
Here are our five steps to success, and how we believe Burn and Co Solicitors can work with you to keep things running smoothly.
Get in Touch Early
Get in touch with us and your mortgage company before taking any further action. A bit of simple planning will help to ensure that everything is in place when an offer is made.
Complete the Correct Searches and Investigations
Unless you are taking your first steps onto the property ladder, it is likely that you are juggling both selling (your existing home) and buying (a new home) at the same time. We will ensure that all of the correct information is provided to your buyer’s solicitor, while completing the detailed investigations on your potential home and the surrounding areas.
Property Surveys and Valuation
Before a final mortgage offer is agreed, the mortgage company for both parties will arrange a full property evaluation. As the buyer, you can also request to have a survey or buyers report done. We can usually recommend a local surveyor.
Should the property evaluation or buyers survey uncover any cause for concern, we can usually help with any appropriate contract negotiations. This will ensure that you get the best outcome in the circumstances. At the same time we will begin to arrange the final steps towards exchanging contracts.
Agreement and Moving Day
Once all parties have confirmed a binding agreement, the solicitors will exchange signed copies of the contract and agree the moving date. The buyer will then need to pay a deposit upon the final purchase price.
The final balance is transferred on moving day. As the seller, you must move out by the agreed time and pass your keys over. We will let you know as soon as we have received the buyer’s money and complete the final paperwork.
If you are the buyer, you will receive notification from us to say that the solicitor for the seller has received the final amount and you can collect the keys. We will then attend to your stamp duty and register the sale with Land Registry, so that you can get on with enjoying your new home.
To find out more about how the conveyancing team at Burn and Co can help you move house call 01904 655442 and book an appointment.