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Selling a property?
Stages of the process
The precise stages involved in the sale of residential property vary according to the circumstances. However, below we have suggested some key stages that you may wish to include:
- Take your instructions and give you initial advice
- Check all parties are instructed and obtain Property Forms and paperwork from you
- Draft contract documents and collate title document and supply to other side
- Wait for other side to send initial enquiries and for them to carry out searches (these can take 3 weeks or so to come back in full)
- Obtain further planning documentation if required by the other side
- Give you advice on all enquiries received
- Send final contract papers to you for signature
- Agree exchange and completion date (date from which the property is sold). This can take some time if the chain is long.
- Exchange contracts and notify you that this has happened
- Collate completion statement to show financial position of the transaction
- Complete purchase
Our fees cover all of the work required to complete the sale of your home.
Conveyancer’s fees and disbursements to sell your home and include the following:
- Legal fee – typically £600 – £1,000 + VAT
Our fees are based on the sale price of the property.
- Electronic money transfer fee £35 + VAT
- Land Registry Search Fees – in the region of £7 – £9 no VAT is payable on this fee.
Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.
When you’re buying or selling a property we understand that costs can mount up quickly. We appreciate you want a good price for the service you’re given with all the extras included. We try and provide a quote which is “all in”. You’ll be given the overall cost and how it breaks down.
However, sometimes there will be further work to attend to which couldn’t have been foreseen. If this happens we will let you know straight away.
Solicitor and Managing Partner, Property Department, Colchester
Alice qualified as a Solicitor into the Civil Litigation Department in September 2012. She joined the Partnership in April 2015 and now specialises in residential property. Alongside the law, Alice is also a trustee for Grassroots, a charity which helps small groups in Colchester and Tendring.
Email: [email protected]
“Exceptional service from start to finish resulting in a smooth house move! We have already recommended you to two friends and would certainly use GoodyBurrett for any of our needs”