What Point of the Selling Process Requires a Conveyancing Solicitor?

What Point of the Selling Process Requires a Conveyancing Solicitor?

For anyone selling a property, the conveyancing process often seems confusing and convoluted.

Conveyancing solicitors play a pivotal role in ensuring the legalities of the sale are handled correctly.

The exact conveyancing process varies widely, but in many cases, anyone moving to a new home from their existing home requires solicitors to handle both the sale and purchase.

This guide will walk you through the conveyancing process, pinpointing the main milestones and what to expect.

1. Pre-Contract Stage

At the beginning of the selling process, the conveyancing solicitor initiates several foundational tasks to secure a smooth journey ahead.

• Drafting and Documentation: The solicitor meticulously prepares essential documents, including the draft contract and property information forms, to detail the terms of the sale.
• Title Deeds Examination: A thorough review of the property’s title deeds is conducted to identify any potential anomalies, restrictions, or issues that might affect the sale.
• Addressing Preliminary Enquiries: The solicitor responds to initial questions, often raised by the buyer’s solicitor. These can encompass queries about the property’s history, past disputes, or potential future developments. Ensuring clarity at this stage can prevent complications later on.

2. Contract Exchange:

This stage legally binds both parties to the sale. Here are the main steps:

Finalising the Completion Date: Through collaborative discussions with all involved parties, the solicitor determines the most suitable completion date.

• Exchanging Contracts: Formal contracts are exchanged, solidifying the commitment of both the buyer and the seller.
• Securing the Deposit: The solicitor ensures the buyer’s deposit is received and held securely, marking a concrete step towards finalising the sale.
• Addressing Contractual Enquiries: Before contracts are sealed, the solicitor addresses any last-minute enquiries or concerns related to the contract terms, ensuring both parties fully agree.

3. Pre-Completion Checks:

As the sale nears its end, meticulous checks are paramount to ensure a hassle-free completion day.

• Addressing Outstanding Enquiries: The solicitor ensures that all lingering questions or concerns, especially those arising after the contract exchange, are resolved.
• Inventory Verification: A thorough cross-check is conducted against the inventory to ensure all fixtures, fittings, and agreed-upon items are in place and as described.
• Settlement Figures Preparation: The solicitor readies a detailed financial breakdown, capturing any outstanding amounts, fees, or adjustments required.

4. Completion and Post-Completion:

The final stage sees the culmination of the sale and the official transfer of ownership.

• Transfer of Funds: The solicitor oversees the receipt of the buyer’s funds, ensuring they align with the agreed sale price.
• Deed Transfer: The property’s deeds are transferred, marking the official change of ownership.
• Mortgage Settlement: If the property has an existing mortgage, the solicitor ensures it’s settled using the sale proceeds.
• Tax and Registration: The solicitor handles relevant tax submissions, like the Stamp Duty Land Tax return, and ensures the change of ownership is duly registered with the Land Registry.
• Addressing Post-Completion Enquiries: After the sale, there might be follow-up questions or clarifications needed from either party. The solicitor remains engaged to address these, ensuring a complete and transparent handover.

Finding the Right Conveyancing Solicitor

Given the complexities involved, choosing the right conveyancing solicitor is crucial.

Local expertise can be invaluable whether you’re in Chippenham, Salisbury, or elsewhere.

For conveyancing solicitors Chippenham or Conveyancing solicitors Salisbury, contact Batt Broadbent for all your conveyancing needs.

House Conveyancing Near Me

The selling process has multiple stages that require the expertise of a conveyancing solicitor, from initial preparations to the final transfer of property.

Whether selling a home in Salisbury or having commercial interests in Chippenham, finding the right conveyancing solicitor for your specific needs is crucial for a smooth and legally sound transaction.

So, if you’re a seller and wondering when you’ll need the services of a conveyancing solicitor, the answer is clear: their involvement is essential from the early stages and continues until the property ownership is successfully transferred.

Contact Batt Broadbent for conveyancing solicitors in Salisbury and the surrounding areas.