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The Buying Process Property Search Conveyancing Jargon Buster
 

The selling process

 
 

Valuation

To request a free valuation of your property you can either:

Processing your property

Once confirmation of your instruction has been received, one of our valuers will process your property. From just one visit, we will be able to take the time and effort to present your property in the best possible light and place it in the local media quickly, professionally and efficiently.

Once the property is on website you will find floorplans, 360° tours, colour photographs, location maps, and a printable colour brochure for nearly every property.

In order to secure a property, we recommend an early viewing.

Legal

A solicitor will be required to handle the legal paperwork involved in transferring ownership of your property to the new buyer (conveyance). It is advisable to have an idea of a solicitor at the same time as putting your property on the market.

On the market

When you instruct David Lee to sell your property you automatically benefit from our unrivalled, comprehensive package of marketing services. These are designed to achieve maximum exposure for your property in order to obtain the best price quickly and efficiently

Viewings

David Lee will accompany all viewings if required, however if this service is not needed then all viewings will come via the office where we can arrange a mutually convenient time.

Receiving an offer

As soon as an offer is received we will notify you both verbally and in writing.

Agreeing to sell

We will advise you and negotiate on your behalf throughout this process, keeping you informed every step of the way until the right price is achieved.

Drafting contract and supporting paperwork

Once the transaction is agreed, your solicitor will send out a draft contract to the purchaser's solicitor who in turn carries out preliminary enquiries and orders a Land Registry search. They will also organise all the supporting paperwork (where applicable) i.e: title deeds, copy of Lease, fixtures and fittings list, seller's questionnaire, planning consent, guarantees, copy of building regulations and share of freehold certificate.

Service charge accounts & building insurance (in general this is not applicable to freehold properties)

We recommend that you forward copies of your service charge accounts over the last three years, estimates for the forthcoming year, and building insurance certificates, to your solicitor the moment a sale is agreed on your property.

Alternatively, in the case of apartment blocks, you can ask your solicitor to collect these documents from the Managing Agent.

Contract approval

This occurs when all preliminary enquiries from the draft contract and local search queries have been settled.

Exchange of contracts

Most buyers require mortgages. Once the mortgage offer has been confirmed, the purchaser is ready to exchange contracts with the seller. The contract is signed by buyer and seller and the deposit, is either telegraphically transferred or paid in the form of a bankers draft by the buyer's solicitor. The completion date is set at this stage.

Completion

This is generally set a few days to a few weeks after exchange of contracts, depending on the personal requirements of the buyer and seller. The residual monies are transferred from the buyer's solicitor to your solicitor's account.
 
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33, Cambridge Road, Stansted,
Essex, CM24 8BX
Tel: 01279 815511
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