I’m Selling My Property, What Is The Process?

The initial step in the process is instructing your solicitor. When instructing your solicitor, they will provide you with documentation to formally confirm their instructions. In order to avoid any delays, we recommend you instruct your solicitor before you have accepted an offer. Please contact us if you wish to instruct a solicitor.

Draft Contract Pack:

The next step in the transaction for sellers is the draft contract pack. Besides the drafted contact, the pack comprises of a series of documents provided to the purchasers solicitors as specified below:

• TA6 – This is a general questionnaire of the property and will provide the purchaser’s solicitors with information regarding boundaries, disputes, neighbour, complaints, utilities, amongst other details.

• TA10 – This provides details of what is included in the sale of the property.

• TA7 – If your property is leasehold, this confirms details surrounding the terms of your lease.

• Warranties / guarantees / certificates of work and any other documents pertaining to the property.

The seller is expected to complete these forms truthfully and to the best of their knowledge. Please contact us if you require assistance with completing. For further information, please see what documents are needed to sell my property?

Enquiries:

Once the purchaser’ solicitors are in receipt of the draft contract pack, they will review the documents and raise enquiries. Enquiries will relate to any information the purchaser’s solicitor feels should be clarified before committing to the transaction. Your solicitor may contact you to request further information to assist in their responses. Once the purchaser’s solicitors are satisfied with terms of the sale and contract, enquiries are satisfied

Your solicitor will provide you with an initial redemption statement which will confirm how much is currently outstanding on the property to date to give you an approximate idea of how much you are to receive on completion. The solicitor will then look to send you a final report detailing the intricacies of committing to the sale. Amonst these documents, there will be as specified below.

• Contract – This becomes legally binding upon exchange and if either party were to withdraw from the transaction they may incur a financial penalty.

• TR1 – More commonly referred to as the transfer. This is dated and in force on completion when the seller’s solicitors are in receipt of funds.

• Completion Statement – This is a breakdown of all fees in the transaction. It will detail any legal expenses, disbursements, mortgages, indemnity policies and estate agent fees in the transaction.

Once the solicitors are in receipt of these documents. Both solicitors will look to exchange contract. On exchange, the solicitors will look to agree a date where they will to confirm the terms of the contract are identical on either copy. Once exchange has taken place, they will immediately provide either party with their contract.

Completion is the final stage. This can be done any date following exchange and can also occur simultaneously. However, this usually takes place a week later to allow the purchaser’s solicitors to obtain funds. On completion, funds will be sent by the purchaser’s solicitors to the vendor’s solicitors. Once confirmation of funds is received, the seller’s solicitors will make arrangements to have keys released.

As per detailed in your completion statement, any money pertaining to the sale of the property such as mortgages, estate agents fee, disbursements and legal fees will be paid. The surplus will then be transferred to your account the same day.

​CONVEYANCING - SALE PROCESS	​ESTIMATED TIME
​Obtain signed instructions and identification	1 week - 2 weeks
Send draft contract package to the purchasers solicitors.	1/2 week
Respond to enquiries	2-4 weeks
Time between exchange and completion	1 week
Total time from an offer being accepted to completion	8-10 weeks