When you choose to sell a property there are several things you are legally required to provide both before, during and after the sale. There is a great deal of paperwork to do in order for the sale to go through successfully and for everything to be done correctly. Here we provide some important information to help you make the selling process as smooth as possible.
Before selling you need to ensure you have all energy performance certificates (EPCs) to hand. They should be made available to prospective buyers so they can see how efficient the property is. Certification must be issued by an approved assessor and should be present before you start marketing or you can face a fine.
Choosing the right conveyancer is important and can save you a great deal of time. They are responsible for liaising with other parties and compiling paperwork, two of the things that cause the most delays. You need to check their fees before signing up as these will differ by provider.
Providing the right information for buyers is also good practice. You should inform them about which fixtures you will be leaving, what the neighbours are like and what the boundaries of the property are. Details of the electrics and any guarantees should also be provided.
After the offer your conveyancer will contact the buyer’s to handle all of the paperwork. If you agree a time and date for the sale you need to let them know so they have time to take care of everything. Before signing a contract make sure you read it and ask any questions if you are unsure about something.
Once everything is finalised you need to make sure the deposit is paid, all contracts are signed and copies exchanged and choose a final completion date. If you need to pack your belongings and move out make sure you can arrange this within a suitable timeframe so you don’t delay the new owners moving in. Go for a date that is acceptable for all parties.
An important thing to remember when it comes to selling is not to get stuck in a chain. Ensure the property you are moving in to will be available for you so you don’t hold up the people who will be moving into the one you have sold. Getting trapped in a chain can lead to huge delays and additional costs so you need to take every precaution to minimise problems.
If you need any advice or guidance, get in touch with us. With our experience in sales, lettings and property and estate management in Sutton and beyond, we are your first port of call for assistance and practical help.