Buying and selling a property at the same time can be stressful!
At Carmody Moran Solicitors we do our best to make both transactions as smooth as possible by being on hand to advise you at every step of the way.
Often an early meeting with a solicitor at the outset when you are planning to put your property on the market can help you plan.
You will need gather together all of the necessary items to get started on selling your home and help put in place a realistic time frame for both transactions and help you budget.
If you are purchasing a new property and reliant on the sale of an existing property, you must have unconditional contracts in place to sell your existing home first before executing the contracts to purchase your new home. All of your finances must also be in place.
Contracts and the Purchase and Sale Transaction
As you know, no sale is binding on a prospective purchaser until such time as they execute unconditional contracts for sale.
In the current property market it is essential that you are in a position to move matters on as quickly as possible to ensure that there are no delays in pushing the sale through.
We, as your solicitors, can progress matters and keep pressure on the purchaser’s solicitor on your behalf to have the transaction secured as soon as possible.
We offer both a prompt and efficient service and we are very mindful that in the current market vendors require such a service in order to assist in the bringing the transaction to a successful conclusion.
Preparing to sell your home
In addition to your title deeds it is usual for the purchaser’s solicitor to request;
- Building Energy Rating (BER) Certificate and Advisory Report,
- Receipt confirming payment of Non-Principal Private Residence (NPPR) charge if applicable and Certificate of Discharge for the years 2009-2013,
- Receipt and Certificate of Discharge confirming payment of Household Charge and Local Property Tax (LPT)
- Receipt confirming payment of waste charges and/or water rates,
- We will need to discuss with you the planning status of your property. You may have carried out some development work to the property since you first bought it. If so they will be dealt with in the contract conditions and accordingly you should arrange to gather any additional planning documentation (for example, if there was any extensions or alterations to the property since its original construction) as these will be required.
If developments have occurred it may be required that you to engage the services of an architect in order to enable the sale transaction complete and we can advise you of this further when we meet if required. All such issues will be explained clearly by us to you when and if they arise.
If the property is mortgaged the title deeds will have to be taken up through your solicitor on your written authority to prepare the contracts for sale once you go ‘sale agreed’.
It is always better to consult with us early and before you formally decide to put your property up for sale so as to enable the transaction proceed as smoothly as possible.
An early consultation will help to identify any major problems that could arise and start addressing these to help your transaction proceed smoothly.