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Our specialist Residential Conveyancing solicitors understand that buying or selling property can be a lengthy and complicated process. We know that if the transaction is not completed by a professional, the process could be drawn out which could lead to a breakdown in negotiations.

We know how to avoid any unwanted complications and how to complete property transactions in a smooth and stress-free manner, so that you can focus on moving home.

The residential conveyancing process includes the following three stages:

  • Agreement to sell
  • Exchange of contracts
  • Completion of sale

The process of selling residential property begins when the owner agrees to sell their property. Once finalised with a completion of sale, the new owner will receive a set of keys to the property.

Whilst all sales will be dependent on these stages, the actual process will be slightly different depending on whether you are the buyer or seller of the property.

Our team can help guide you through the process making sure that all documents are signed correctly, that all searches and information provided by the parties are accurate and that your best interests are represented.

Free Initial Discussion

For a free initial discussion and a no-obligation quote, get in touch with us today by simply calling us on 020 3383 0173 or email us at enquiries@fcos.co.uk and a member of our team will get back to you.

Agreement to Sell

This is the first step in the residential conveyancing process, where the seller has agreed to sell. At this stage, both the buyer and the seller will have specific obligations, for example, the seller will be expected to list all property information such as work performed, any neighbour conflicts, fixtures and fittings and a contents form for any items remaining in the property.

The buyer will be obliged to proceed with a legal search, which means investigating the property for any pending external problems which could affect the property, including environmental, water associated problems or problems with the local authorities.

Exchange of Contracts

At this stage, if the buyer is still interested in the property after assessing all the property information provided, they will make a deposit, if the seller has a mortgage, they can use any funds to pay the outstanding balance of their mortgage along with any fees and costs relating to the property sale, any finances leftover are left to the seller.

Completion of Sale

The last step in the residential property process is when the transfer deed is signed by the seller and the buyer of the property. Once signed, the property will belong to the new owner.

There may be additional requirements for a buyer, such as a mortgage valuation, which will focus on making sure that the property value matches the mortgage value.

Surveys

The buyer will need to make sure whether there are structural or electrical issues and identify if there are any repairs that are needed to the building. The buyer may negotiate the asking price based on any major or minor works that need to be completed.

Making Payments

Our residential property solicitors can help you arrange the transfer of monies, alongside all the paperwork required to transfer the ownership of the property.

Why Choose Us

Using our specialist legal knowledge and expertise, we have helped many clients with all aspects of buying and selling property. Our approach is to be proactive and work with you to achieve your objectives and deliver successful outcomes as efficiently and promptly as possible.

We can clearly explain the range of legal options available and guide you towards the option which would be best suited for your specific circumstances.

How to Get in Contact

For a free initial discussion and a no-obligation quote, get in touch with us today by simply calling us on 020 3383 0173 or email us at enquiries@fcos.co.uk and a member of our team will get back to you.

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