As selling a house is probably one of the most important transactions you will ever make, obviously, it is important for things to go well.
Your legal process unravelled
Now you have received an offer for your house, what should you do next?
Call the BBH team as soon as you decide to put your property on the market so we can start to get your deeds and contract papers ready to help avoid delays later on.
At this time we will also send you a questionnaire asking for information about the property. It will help to speed things up if you complete and return this to the BBH team as quickly as you can.
The BBH legal team will prepare contract papers and send them to the buyer’s solicitor for agreement. When agreed we will forward one copy of the contract for you to sign.
We will send you a questionnaire which includes a checklist to make it easy for you to decide what is included and what is not.
Only when both you and the buyer have signed and the contracts have been exchanged does the sale become legally binding on you both.
When exchanging contracts we will also ask the buyer’s solicitor for a deposit. The amount is usually 10% of the purchase price but this may be negotiable. If buying simultaneously this can be used towards the deposit on your purchase.
When contracts are exchanged, the completion date is also agreed. This is the day when the balance of the purchase money is paid and you must move out of the house.
Estate agents fees
If you are selling through an agent, the fees will be due on completion of the sale. There is no need for you to worry about this as the BBH team will pay these fees from the proceeds of the sale unless instructed otherwise.
Buying & Selling
BBH will co-ordinate your sale and purchase with the other party's solicitors and keep you informed.