Your Sale Process
We have agreed your sale!
Our Memorandum of Sale (MOS) has been issued to all parties as you have a complete chain, you have instructed your solicitor and we have received anti-money laundering (AML) verification on your buyer ... what happens next?
Supporting you
The valuer who has been looking after you will now hand over the sale to one of our dedicated sales progressors, who will call you to introduce themselves and will then update you weekly. Your valuer has a weekly meeting with your sales progressor to ensure everything is on track and running smoothly.
Getting started
You will need to satisfy ID requirements with your solicitor and return paperwork to them, including:
- Sellers Information Form (SIF)
- Fittings and Contents Form - if you need any help with these, please ask us
The process begins by your solicitor sending a number of documents to your buyer's solicitor, including the Draft Contract, the Draft Transfer Form (TR1), the SIF, Fittings and Contents Form, the Office Copy Entry and Filed Plan, the Energy Performance Certificate (EPC) and standard replies to enquiries and additional documents if the property is leasehold.
Crossing the t’s …
Your buyer will need to satisfy ID requirements with their solicitor and pay for their searches. If your buyer needs a mortgage, then they will be applying for it at this point.
If your buyer needs a mortgage, then a surveyor will need to conduct a mortgage valuation at your property. Your buyer may also want a structural survey completed, which would also require a surveyor to visit the property (often these are done at the same time by the same surveyor).
...and dotting the i’s
Your buyer's solicitor checks, approves and returns the Draft Contract and TR1 Form to your solicitor, raises additional enquiries and applies for searches (for your buyer).
Once searches are received by your buyer's solicitor, they will raise any related enquiries.
Your solicitor will respond to all enquiries raised by the buyer's solicitor.
Your buyer's solicitor will receive the mortgage offer for your buyer.
Preparing for exchange
Once all enquiries have been responded to, we can now set a date for exchange and completion. There is usually one week between the two events, but this can vary depending on the rest of the chain.
Your buyer will sign their contract and return it to their solicitor, along with their deposit.
You will sign your contract and return it to your solicitor.
Exchange of Contracts
You and your buyer must give consent for exchange to take place on the day that it happens. The solicitors will then carry out a telephone exchange and send signed contracts to one another. From this point, the sale is legally binding with a fixed completion date set
Completion
You and your buyer must agree the completion date at the point of exchange. The solicitors will carry out a telephone exchange and send signed contracts to one another. From this point, the sale is legally binding with a fixed completion date set. Your solicitors will confirm to your buyer's once they have received funds and will then let us know we can release keys to your buyer.