Reading Office: 0118 957 3425
Wokingham Office 0118 978 0099
Selling a property
Once you instruct us, we will ask you to fill in various forms to provide details of the property you are selling. Once we have all the necessary documentation, including the title deeds (if any), we will draw up the Contract package and send this directly to the buyers solicitors.
We answer any additional enquiries raised by the buyers solicitors after discussing them with you and liaise over likely dates for exchange and completion, keeping you informed. When the buyers solicitors are satisfied, you can then progress to exchange of contracts and agree a completion date. At this stage you will sign the Contract, and your buyers will also be signing their part of the contract and everyone involved in your chain will agree on the same completion date for when the move is to actually happen. At the time of exchange we will receive a deposit from your buyers solicitors which is likely to be between 5% and 10% of the sale price.
Once a completion date has been agreed and after exchange of contracts we will inform all relevant parties, i.e. estate agents, and your mortgage company (if any) and obtain a final settlement figure calculated to the completion date in order for us to redeem your mortgage from the sale proceeds on completion.
We will also deal with the settlement of the estate agents commission account and the sale proceeds on completion.
Once all figures have been collated we will prepare a completion statement setting out the legal fees and disbursements together with all other figures relating to the sale and this will show you the balance of sale proceeds due to you on completion of the transaction.
On the day of completion we will receive the sale proceeds from the buyers solicitors by direct bank transfer as early as possible on that day. Once we receive the money we will let your estate agent know in order to release keys to your buyers. The buyers can then move in.
We will then send any necessary money to your mortgage company to pay off your mortgage and also settle the estate agents commission account.
Download our Residential Property Guide to Selling
Partner and Head of Residential Property