Residential Real Estate Transaction – Sales
We will always send you a quotation so that you are aware of your proposed fees.
Fees are very much dependent upon the location and the value of the property and so it is not possible without further details to give you a total overall cost.
Our fees will include all the work required to complete the sale of your property. All our fees mentioned are exclusive of VAT.
Our fees for a typical freehold sale range from £1,300 for a simple low value transaction to £4,850 for a high value complex transaction.
For leasehold transactions the range would normally be £1,400 to £5,000.
These may vary if there are additional factors to take into account.
That is why we will always give you an individual quotation before we start work for you.
In addition to our charges there may be additional payments that we will need to make to third parties (called disbursements).
We can give you a better indication of what they are likely to be when we have details of the property. Examples would be Management Company charges which would typically be between £250 and £500 plus VAT.
The precise stages involved in the sale of a residential property vary according to the circumstances.
However, below we have suggested some key stages that you may wish to include:
- Take your instructions and give you initial advice
- Obtain the title documents and prepare the draft contract
- Receive and advise on any enquiries raised by the other solicitor.
- Obtain further documentation if required
- Make any necessary enquiries of seller’s solicitor
- Make the preliminary arrangements to pay off any mortgage(s)
- Send final contract to you for signature
- Agree completion date (date from which you own the property)
- Exchange contracts and notify you that this has happened
- Complete purchase
- Deal with the discharges of any mortgage(s)
Additional work may be required such as if:
- the legal title is defective, or
- there are problems with the planning or building regulations, or
- there are missing documents.
It is not possible to accurately guess how long the sale of your property will take as there are too many external factors. Many of these relate to your buyers, such as the return of search results, receiving information from third parties and obtaining an offer from the Lender. It will also depend on any other linked transactions in the chain. As a rough guide, on average, it usually takes 4 to 6 weeks to the point of exchange of contracts.
These are the members of our team dealing with residential property work – further details about them and their experience can be obtaining by clicking on their name
Melanie Carroll is the Team Leader and responsible for supervising the Team Members. Louise Dawson, the Managing Partner, is responsible for overall supervision of the Firm.
qualified as a Solicitor in 2014
qualified as a Solicitor in 2003
qualified as a Licensed Conveyancer in 2020
qualified as a Solicitor in 1999
qualified as a Licensed Conveyancer in 2008
qualified as a Solicitor in 2007
qualified as a Solicitor in 2020
qualified as a Solicitor in 2019