Sale Ready
If you’re looking to sell your home, our Sale Ready service is designed to get you off to the best possible start.
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Selling your Property can often seem like a long and complicated process. You may only consider it necessary to instruct a Solicitor on your sale once you have accepted an offer; however, this is a mistake. Having your Solicitor lined up and ready to send the contract pack out to the Buyers’ Solicitors as soon as possible can save weeks because work must be done before the contract can be sent.
Below is an outline of what can be done before an offer is accepted.
You probably considered several Estate Agents before putting your Property on the market. You should take the same approach to instructing a Solicitor. Just because your Estate Agent recommends a Solicitor does not mean they are the best fit for you. Similarly, you should not choose your Solicitor purely based on price. You should take your time to obtain quotes and talk to the people who will be acting for you. If you struggle to get through to them at the quote stage, this may indicate that you will struggle when they are instructed. Also, if it is not a ‘standard’ sale, i.e. involving Shared Ownership, Unregistered Land, or a Court Order, you need to ensure your Solicitor is experienced in dealing with this.
After instructing your Solicitors, you will need to undertake ID checks, sign a Client Agreement and provide more details about you and the sale. Regulations regarding ID are becoming increasingly strict, with most Solicitors now, at a minimum, asking for photo ID and address ID as well as conducting an online check. Problems with ID can often take several days to rectify; therefore, the sooner they are identified, the better.
You will need to complete several Forms that form part of the Contract Pack for the Buyer, including;
These documents are long and detailed, meaning they can take a while to complete. However, they must be completed thoroughly and accurately to stop further questions from being raised later. You must complete the forms as they form part of the contract. Following completion of the sale, if you have provided incorrect information, the Buyer could sue you for misrepresentation.
The Protocol Forms will refer to other documents you have to provide, such as planning permissions, guarantees and boiler service documents. These can take time to locate; you may have to request a replacement if you no longer have a copy.
If you are selling a leasehold property, such as a flat, you will have to obtain a Management Pack – known as an LPE1. This is provided by the Landlord and Managing Agent, who will charge a fee. It can take several weeks, and even months, for this to be provided; therefore, the sooner it is requested, the better.
By having all of the above organised before an offer is accepted, your Solicitor can review it and advise you upfront of any potential issues or what you should deal with now, which can reduce delays later. It also means the Contract Pack can be sent to your Buyers’ Solicitors as soon as the Buyer instructs them.
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