Saturday, 16 June 2012

How do I speed up the process of selling my home?

What can you do to sell your home fast once you have received an offer?

Dealing with the legal formalities involved in selling a house should be straightforward and relatively cheap.  The problem is that not many homeowners prepare for the sale sufficiently and unfortunately there are not too many agents around who are willing to help.

Here are my tips and ones guaranteed to speed up the process:

  • Get together for production all of the guarantees and warranties relating to work undertaken to the property.
  • If you have altered or extended the  property find the planning consents and building regulation documents.  This extends to boiler installation and electrical work. 
  • Remember the buyer will also be interested in seeing consents, approvals, completion certificates, guarantees in connection with work carried our before you became owners.   The solicitors who acted for you when you purchased the property may still be holding these. Check with them.
  • If you are not sure whether alteration and other works required planning consent and or building regulation approval check out this site  : www.planningportal.gov.uk/permission/
  • If you know planning consent and or building regulation approval was required but you are unable to find the paperwork contact the council and ask for copies to be sent to you.
  • Complete fully and quickly the property information and fitting and content forms handed to you by your solicitors.    You don’t have to wait to instruct a solicitor to fill these forms in.   You can find a specimen of the property information form here: www.lawsociety.org.uk/documents/.../ta6_formspecimen.pdf
  • The buyer will through your solicitors ask you questions about the property  - make sure that when your receive these questions you answer them quickly.
  •  If there is a mortgage and or loans secured on the property make sure you find out how much is outstanding by seeking up-to-date statements and pass these onto you solicitor.

Unless you are looking to tie in your sale with a purchase the sale should take only around 3 weeks to complete depending of course on whether the person buying your property is not selling and or arranging a mortgage!  Unfortunately in conveyancing you can only go as fast as the slowest person in the chain.

Morgan Jones and Pett are solicitors who provide legal advice and services to clients based in England and Wales and who can be contacted on 01603877000 or via email at davidpett@m-j-p.co.uk

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