At what point are we legally committed to the sale?

At what point are we legally committed to the sale?

Once contracts are exchanged, you’re legally committed to the sale.

Before you sign on the dotted line, make sure you’re committed. If you decide to pull out after exchanging, you will be in breach of that contract, and may have to pay penalty costs.

What are the timescales for exchange and completion once I return my documents to you?

What are the timescales for exchange and completion once I return my documents to you? An approximate timescale is eight to ten weeks however each conveyancing transaction is different and it is not possible to give a more detailed timescale at this stage. We will deal with your work as quickly as possible however the transaction can really only progress as quickly as the slowest party in the chain. Your appointed conveyancer will be able to discuss this with you in more detail and will keep you updated on progress as the transaction progresses.

What is the timescale of selling a property?

What is the timescale of selling a property? Whilst there may be unavoidable delays, Attwells pride ourselves on transaction times that are four times faster than the national average.

Week 1: Instruct Attwells, pay money on account and complete the property information forms.

Week 2: Attwells issues the contract and ownership information to the buyer’s solicitors.

Week 3 to 6: Attwells agrees the contract and will help you satisfy all enquiries from the buyer’s solicitors.

Week 7 to 8: Moving date agreed and contracts exchanged – This makes the sale binding.

Week 9 to 11: You now have a guaranteed moving date. You can make arrangements and start packing. You will need to sign completion documents with Attwells. You will receive a statement showing the amount you will receive on completion.

Week 12: Complete. Move out and handover keys, any mortgage is redeemed and you should renew or make a will.

2022-02-03T16:32:47+00:00
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