How long does it take to sell a property?
The process of selling a property in the UK can be broken down into a few key steps:
- The first step is to engage the services of a conveyancer or solicitor who will help with the legal aspects of the sale. They will also be able to advise you on the various fees involved in selling a property.
- Once you have engaged the services of a professional, the next step is to determine the value of your property. This can be done by getting an appraisal from a qualified real estate agent. It's important to get an accurate idea of what your property is worth before putting it on the market, as this will help you set a realistic asking price
- Finding a buyer: This can be done through online portals such as Rightmove and Zoopla, or through traditional channels such as newspapers and estate agents.
- Once the sale has been agreed, the next step is to instruct your conveyancer or solicitor to draw up the necessary paperwork. This will include the contract of sale, which will need to be signed by both parties. The contract will detail the agreed upon sale price and completion date.. Instructing you conveyancer: Once you have found a buyer, you will need to instruct a conveyancer to handle the legal aspects of the sale.
- The final step is to complete the sale and transfer ownership of the property to the buyer. This is typically done through a bank transfer or by handing over the keys on completion day.
- Completion: The buyer will pay the remaining balance of the purchase price and the keys to the property will be transferred.
The entire process can take several months to complete, from finding a buyer to exchanging and completing the sale. However, it is important to instruct a experienced conveyancer, to handle the legal aspects of the sale to ensure a smooth transaction. Our specialist team are ready to help you, we are experts in all aspects of conveyacing having served clients in the UK since 1884.
What are solicitors fees for selling a house?
The solicitors fees associated with selling a house will vary depending on the location, size and complexity of the transaction. Generally, solicitor's fees for selling a house will include a fixed fee for initial paperwork and searches; an hourly rate for any additional work required; disbursement costs such as Land Registry searches; plus VAT at the current rate. In addition to these costs, there may also be additional outlays such as stamp duty, mortgage redemption costs and estate agent fees.
We can provide you with an instant quote detailing our fees. Use our Conveyancing Fees Calculator for more information