The Seller’s Conveyancing Checklist Made Simple
Selling your home? Here are some important things to remember to get you through the process without breaking a sweat. Stage 1. Contract of Sale Often your real estate agent will prepare the contract of sale using a standard template. Whilst it is tempting to just sign on the dotted line remember that it can be costly (and may not always be possible) if you decide to not proceed with the sale. If you have any doubts or concerns then seek legal advice. Stage 2. Signed Conditional Contract of Sale Remember that the buyer will you will generally have a 5 business days “cooling off” period during which they can terminate the contract if they no longer wish to proceed – they will need to pay you a termination penalty. Your solicitor will (if not already done) now order a title search, notify the nominated agent and the buyer’s solicitor they are acting, and await transfer documents from the purchaser’s solicitor. Upon receipt of the transfer documents, your solicitor...