Selling a property
Residential property solicitors
Selling a property can be an exciting but also daunting process. There are different legal aspects that should be considered. Slater and Gordon can assist you with expert legal advice for all questions and tasks around selling a residential property.
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Selling a property explained
There are different legal aspects that should be considered when selling a property. The most important ones are:
- The property selling process
- Exchanging contracts
What is the process of selling a property?
Exchange of contracts
To provide security for the sale, and so that your moving arrangements can start to be organised – a contract is agreed. This exchange of contract is done formally through a between solicitors. It defines price, date and the machinery of completion. Note the following:
- Until the exchange of contracts, either party is free to withdraw from the transaction without penalty.
- The buyer will have to pay part of the purchase price to their solicitor as a deposit to be held on your behalf. This can be forfeited, if the buyer fails to complete the contract.
- Do not cancel your insurance cover until one of our solicitors advises you to do so.
The day on which you are paid the money and hand over the keys is called the completion date. Note the following:
How can we help?
We can assist you throughout the process of selling a property.
However, our services go even further. We can advise you on legal considerations when selling a property:
Furthermore, we can advise you on capital Gains tax :
If your property has risen in value, you may have to pay Capital Gains Tax on the difference between what you receive for the property and what the property cost to acquire, improve and sell, after allowing for inflation.
Costs of legal advice
At Slater and Gordon, we want to avoid hidden fees and unexpected costs. That's why we will provide you with a fixed quote before starting our services. That way, you know exactly what you'll be paying and what services you'll receive. Our fees don't change unless your instructions do.
S+G were very professional and calm throughout the process, especially in the final week leading to exchange and completion, coming up with sensible solutions to prevent my buyer's solicitor from delaying the process any further. I cannot recommend them enough. Mr B (residential conveyancing case)
I am very pleased with the service I have received. I had a complicated chain between different towns both buying and selling. Excellent communication skills and keen to go extra mile to provide you with the best of her ability. The completion happened within timescale promised. Anonymous (residential conveyancing case
We've just moved into our new home. The Manchester branch couldn't have been more helpful, patient or kind. Really quick to get back to us and thoroughly explained everything to make sure we could understand it. I would highly recommend Mrs D, Manchester (residential conveyancing case)