House Sale Solicitors | Waldrons Solicitors

We guarantee that we will proceed as quickly as we possibly can, and you are given updates as often as you want. We will always keep you fully informed throughout your matter.

Selling a Residential Property

FAQs

Timescales: how long will my property sale take?

While we are able to deal with a residential property sales quickly, we will always be reliant on third parties including the seller and mortgage lender. Most sales complete within 10 to 12 weeks. It can, however, be difficult to provide a specific time estimate in a property transaction particularly if you are part of a chain. A chain is where the person you are buying from has a property to buy before they sell your new property to you. The same situation is repeated if the new property of the person you are buying from has owners who also need to buy. If you are in a chain, the transaction can only proceed as quickly as the slowest person in the chain.

Typical stages of residential property sales

Step 1 : Take initial instructions including information about fixtures and fittings and the property itself.
Step 2 : Submit a draft contract to the Buyer’s solicitors.
Step 3 : Advise you on any enquiries raised by the Buyer’s solicitors.
Step 4 : Obtain a settlement figure for your mortgage (if applicable).
Step 5 : Agree a date for Completion
Step 6 : Send you a Completion Statement
Step 7 : Finalise contracts & exchange contracts.

Step 8 : Completion can then take place at which point legal ownership will transfer to the Buyer & arrange for all monies to be paid.