How long it will take from you accepting an offer until you complete your sale will depend on a number of factors. The average process takes between 6 – 8 weeks.
It can be quicker or slower, depending on the parties in the chain. For example, if a first time buyer is buying your property and there is a mortgage in principle already in place, it could take 4 weeks. However, if you are selling a leasehold property that requires an extension of the lease, this can take significantly longer, between 2 and 4 months. In such a situation additional charges would apply.
Stages of the process
The precise stages involved in the sale of a residential property vary according to the circumstances. The key stages are detailed below:
Take your instructions and give you initial advice
Issue Contract documents
If you are selling a leasehold property we will obtain the Landlord’s/ Management Company’s Sale Information Pack for which the Landlord/Management Company usually make a charge
Consider and reply to the enquiries of buyer’s solicitor
Send Contract to you for signature
Agree completion date
Exchange Contracts and notify you that this has happened
Obtain redemption statement from your lender
Send the Transfer Deed to you for signature
Redeem your mortgage
Pay your estate agent
Provide you with the proceed of sale
Who will act on my behalf?
Currently there are 4 people in our Property Department that may undertake this work for you. If you refer to the “Our People” page our website you can see details of their qualifications and experience. Our Partners, Nicola Baddick and Ann Harris, who are both Solicitors, work within our Property Department and they supervise all work undertaken in the Department.