Selling Your Property

Guiding you through the process of selling your property

Sharing the selling process as well as our hints and tips to make the process simple and efficient.

Yellow and green front doors of a house that has recently been purchased.

Understanding the Process for Selling your Property

If you've never done it before, you maybe a bit worried about how everything works. Our Conveyancing team in Leicestershire and Warwickshire offers friendly, jargon-free advice aimed at guiding you the process of selling your property. Have a look at our guide to the process at the bottom of the page. 

Helpful Hints for Selling your Property

  • If your property is unregistered, your conveyancer will need the title deeds at the start of the transaction.
  • Make sure you have a valid Energy Performance Certificate (EPC); it is a legal requirement.
  • If any mortgages or charges are secured against the property, have all account numbers available for your conveyancer.
  • For properties with Help to Buy charges, please contact Target HCA who will guide you through the first steps of redeeming their charge, they will ask for your conveyancer details.
  • If your property is leasehold, contact your landlord and/or management company and ask them for any fees that will be applicable for selling your property.

Let's get started

For more information, please contact our team today.

A Guide to Selling Your Property

Selling your home or any property is one of the most important financial decisions you will make in your lifetime. It is therefore essential, when contemplating selling, to contact us at an early stage. A prompt start to your transaction will help avoid delays in the later crucial stages of the sale.

    Step 1

    Energy Performance Certificate (EPC)

    As a seller, as soon as you start marketing your property you must commission an Energy Performance Certificate (EPC) for your property, if no such Certificate is already available. It is the duty of both the Seller and the person acting on behalf of the Seller to make reasonable efforts to secure an EPC within 28 days of commencing marketing.

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    Step 2

    Client Care Letters sent to Client

    Once a sale has been agreed, the Conveyancer who is acting for you will send out our Terms of Business confirming the professional charges which we have agreed, together with the cost of any additional fees, such as HM Land Registry costs (known as disbursements) that may be incurred. Thomas Flavell & Sons prides itself on being transparent and having “no hidden charges”. You will be sent a Client Information Form to complete and return together with a bank statement to verify your account details. 

    By law we have to carry out an Anti-Money Laundering check, we will send you details of how to carry this out online. Once this has been completed, you will be sent a ‘money on account payment request’ for £100 to enable us to order your title deeds with the Land Registry. The majority of properties are now registered online so we should be able to access
    a copy of your Title Register directly with our link to the Land Registry.

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    Step 3

    Contract Pack

    Once we have received confirmation of all the necessary forms and checks being completed, a Contract Pack will be sent out to the Buyer’s solicitor. This will contain your Title Register and Plan, a draft Contract for Sale, the Fittings and Contents Form and Property Information Form. If you are selling a leasehold property then we will also request a copy of your lease and any paperwork that you have regarding the collection of your ground rent and service charge.

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    Step 4

    Local Authority Searches

    Upon receipt of the Contract Pack your Buyer’s solicitor will request their search with the local authority and such other searches as they deem relevant to the property. Searches, on average, take approximately three weeks. However, they can take longer during busy periods and will also depend upon the Local Authorities turnaround time. During this time your Buyer will be organising funds for the purchase and if they are having a mortgage the valuer will be in contact with you to arrange a time to carry out the Mortgage valuation. Sometimes a Buyer will choose to have a Survey carried out instead of or as well as the Mortgage Valuation Report. A Survey is a much more in-depth inspection of the Property. It is usual for the Buyer’s solicitor to raise enquiries about the Contract Pack, the search results and sometimes the valuation report. We will help you deal with these enquiries. Once all parties are satisfied we will make arrangements for you to sign the Contract. The Contract is not binding merely because you have signed it. The transaction only becomes legally binding once it has exchanged and your authority will be taken before that happens.

    Arrow icon Min 3 Weeks
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    Step 5

    Signing the Contract

    Once all parties are satisfied we will make arrangements for you to sign the Contract. The Contract is not binding merely because you have signed it. The transaction only becomes legally binding once it has exchanged and your authority will be taken before that happens. After signing the Contract you tell us what completion date you want. You must bear in mind the need to choose a date which is acceptable to all parties. The completion date cannot be on a Saturday, Sunday or any public holiday as banks and financial institutions are closed so money cannot be transferred between solicitors.

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    Step 6

    Exchange

    We will then exchange Contracts on your behalf. This simply means that the Buyer’s Solicitors send the Contract which the Buyer has signed to the Seller’s Solicitors who send the duplicate Contract signed by the Seller to the Buyer’s Solicitors. A deposit is paid at this stage. It is only now that the completion date is fixed. Once exchange has taken place it is at this point that the transaction is legally binding upon all parties.

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    Step 7

    Completion

    Prior to completion we will request a redemption figure from your current lender (if you have a mortgage), obtain details of your Estate Agents fees and will write to you with a completion statement showing how much money you will be due following completion. On completion, we receive the sale money from the Buyer’s solicitor, redeem your mortgage and pay the Estate Agents. The balance of the monies received, less our charges, is then accounted to you in the manner that you request. All that remains is for you to do is to take any meter readings and then hand your keys to the Estate Agents who will then make these available to the new owners.

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Frequently Asked Questions

Our Conveyancing team offers friendly, jargon-free advice aimed at guiding you through the process of buying and selling a house. We've also added some frequently asked questions here which may help you with making your move as smooth as possible. 

Please telephone our offices for a competitive quote or click here to get an online quote.

In addition to our fees there will be other payments to be made to others on your behalf namely:
1. Value Added Tax on our fees
2. Money charged by the HM Land Registry for copies of your Deeds
3. Bank Transfer Charges

The average time from first seeing us to completion is between six and twelve weeks. Please note that leasehold or more complex transactions are likely to take longer.

Let's get started

For more information, please contact our team today.

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