The sales process with Thornley Groves

Overview

Whether you are a first-time seller, or a landlord now looking to sell, the sales market can seem confusing and a long process. However, it’s not as daunting as it may seem. In this guide we will talk through the stages of selling to help you understand the process with Thornley Groves -

Step 1: Find Your Buyer

You need to instruct an estate agent (of course, we are happy to help!) we will discuss pricing and a marketing strategy to help you find a buyer that fits your circumstances. We will market your property online and recommend your property to potential buyers. Viewings will take place and once an offer comes through you are happy to accept we move onto solicitors.

Step 2: Instruct Solicitors

We will recommend the best solicitors to sell your home. As the home seller, your solicitor will prepare your home's initial legal paperwork (with your help) and then send it to your buyer.

Step 3: Legal Work and Survey

Once your buyer's solicitor receives the paperwork, they apply for local searches from the local authority/land registry. These searches can take several weeks to be returned, from which questions will be raised by the buyer’s solicitor to your solicitor. At the same time, the surveyor will check the property to ensure it is structurally sound and worth the purchase price. 

Step 4: Exchange of Contracts

Assuming all the mortgage, survey, and legal work is without any issues, both buyer and seller sign contracts and then perform an "Exchange of Contracts". When contracts are exchanged, the buyer pays a non-returnable deposit, and now both buyer and seller are legally tied in.

Step 5: Completion

Completion is when the money and keys are handed over. It usually happens a week to a fortnight after the exchange of contracts (yet, it can happen at the same time as the exchange of contracts). The buyer’s solicitor sends the purchase money to the seller’s solicitor, and once that money arrives, the keys will be given to the buyer.

To conclude, you are looking at a good five to six months from putting the for-sale board up to moving out. If you are thinking of selling your home or if you are a landlord wanting to sell your buy-to-let property (with tenants in) do not hesitate to contact us, we are happy to help.