SELLING YOUR PROPERTY
Below you will find all the information you need when selling a property. If you need more information please do feel free to contact Barry Healy & Company, Solicitors T/A Healy Law
You have put your property on the market what next?
Once the property has been placed on the market it’s a good idea to give your solicitor the deeds if you have them (so they can make sure they have what they need) or arrange to get the deeds from your mortgage provider. We will need an authority from you to go to your bank to get the deeds and we need you to sign and return it to us so we can request the deeds. It normally takes 10 days from the request and means that we will be ready to draft contracts once you go sale agreed. If you decide not to sell we will return them to you or your bank.
What happens once we go sale agreed?
Once the purchaser has paid a booking deposit to your Auctioneer, the Auctioneer will send us a sales advice and we will draft contracts and send them to the purchaser’s solicitor.
What can delay this process?
The purchasers solicitor will need the purchasers loan offer before proceeding. This takes at least two weeks from the deposit being paid. Once they have it they will read the contracts and raise queries. The purchasers may be selling another property and this could delay them signing contracts.
What happens when we get contracts back?
Once we have signed contracts back we will get you in to sign and exchange the contract with the purchaser. If you are buying on we look to liaise both the sale and purchase. We will look to agree a closing date but it may vary as even though agreed a purchaser may get delayed in drawing down funds or if there is a chain of purchases and sales this may further delay matters.
Are you committed once you sign?
Once the contract goes back you are bound to complete or risk being sued.
When do you close and when do you pay?
Once we have sent the contract back and know the closing date, we will email you details of what is required to close and a closing statement. LPT and Service charges need to be paid for the year and we get a reimbursement from the Purchaser for the period they will be in the house from. Once we have all the monies from the purchaser we will arrange to close. We send all the Title documents and the purchasers solicitor transfer monies to us and they carry out searches to make sure there are no last-minute judgements against the property or you. If everything is ok and you confirm that the house is vacant and cleared out the purchaser’s solicitor will release the monies and the purchaser can collect keys from the Auctioneer once we confirm the closing is complete.
What happens after closing?
Any mortgages against the property will be paid and we transfer the balance monies to you and send any other outstanding documents to the purchaser’s solicitor.