What to Expect When Selling Your House
Moving out of your old home is a big milestone in everyone’s life. You’ll have to plan the logistics of moving all your possessions to your new place.
14 October 2021
There’s also the physically taxing job of packing it all away. On top of that, you also have to worry about the legal hoops to jump through to actually sell your home. Well, it’s actually simpler than you’d think.
What Is Conveyancing?
Conveyancing is the legal word for the transferring of ownership of a home between a seller and a buyer. It looks like a complicated process, but it’s all a matter of putting in the time and due diligence. Here are the things sellers should expect when they want to sell a house.
Instruct a Licensed Conveyancer
A licensed conveyancer will be your representative in charge of collating important information regarding the property you are selling. You’ll need to write and sign a letter of instruction to allow the conveyancer to act on your behalf.
You will be asked to complete a set of questionnaires to better inform your buyer of the state of the home you’re selling. You are required to answer these questions to the best of your ability.
The first form is the Property Information Form (also known as a TA6). This covers general information about the property being sold. For example:
Boundaries - If there are any boundary issues, this includes what areas are their responsibility and what areas are not.
Disputes and Complaints - This can involve neighbours who have received noise complaints.
Environmental Matters - Buyers will want to know if it is prone to flooding, if the home has energy-efficient installations or invasive species like the Japanese Knotweed.
The second form is the Fittings and Contents Form (also known as TA10.) This questionnaire addresses the furniture and fixtures that you are going to sell along with the house. Examples include:
- Kitchen appliances such as refrigerators and freezers
- Curtains and rails
- Light fixtures
- Televisions and related accessories
- Wardrobes and cupboards
It should be noted that your responsibility as a seller is to prevent damage to the property when removing any of these items. You are also responsible for providing replacements for light fittings.
Your solicitor will draft a contract and negotiate with the buyer using the information you provided via the questionnaires.
Settle Your Mortgage
This part should be easy. Simply pay off your mortgage. This step is essential as you cannot exchange contracts with your buyer otherwise.
Exchange Contracts With the Buyer
After coming to an agreement and having all the paperwork prepped, it’s time to exchange contracts. Normally, this is done by both the buyer’s and the seller’s conveyancers. They ensure that the contracts have no errors or discrepancies.
This day means the transaction is officially complete. You will have to pay your conveyancer their dues for assisting you in this process. Once that is done, it’s time to move out! Your buyer should now have your former home’s keys in hand, and you shall have moved out.
Selling your home may seem like a daunting task. There are quite a few steps from start to finish, so many people who encounter this find it intimidating. However, with the right attitude and a trusted conveyancer at your side, the whole process can be done in a matter of a few months.
Check out Conveyancing Expert today for trusted conveyancing services! We provide expert legal advice and service to help you through the process of selling your home. Contact us for a free, no-obligation quote.