House Sold in Clynnogfawr, Gwynedd 🏡

As a homeowner handles the sale of their family house located outside Bath, here is an overview of the key steps in residential conveyancing that ensures everything goes according to plan. The first step is to appoint a qualified solicitor to handle all legal aspects of the sale. A reputable firm will complete local authority searches on matters like drainage and planning to identify any issues. An Home Information Pack is compiled including an Energy Performance Certificate and title deed copies. Once marketed either privately or via an estate agent, an offer will be received subject to survey and finance conditions. At this point, contracts are drafted between parties stipulating a completion date around 4-6 weeks later. Both solicitors will then ask their client to sign. In the following weeks, title registration is verified and the mortgage lender completes their property valuation and underwriting. Simultaneously, the buyer's surveyor inspects for any structural flaws or concerns in the property itself. A couple weeks out from completion, all searches should be returned, reports reviewed by all parties and contracts ready to exchange. This commits buyers and sellers legally and fixes the sale price. The buyer's mortgage offer will need to be accepted too. On the predetermined completion date, funds are electronically transferred to the seller's account, keys are handed over and the property legally changes hands on the title register.