The Sale Contract:
Please bring us the contract before you sign it. We do not charge anything extra for perusing the contract before you sign it. This is because it is much easier to avoid a problem than to fix a problem after the contract is signed. We may consider that you need special rights in your contract and will recommend appropriate clauses.
Sometimes clients request us to negotiate the terms of a contract rather than to simply peruse and advise. Of course in those circumstances we charge extra.
If you have not seen us before signing the contract we will explain to you the relevant law and the standard conditions of sale.
In our first letter to you we confirm in writing our costs so that you can budget for these expenses prior to settlement. We then keep you advised of progress throughout the conveyance.
Even though it is a sale, we still conduct a title search. You would be surprised at how many times we discover that the name used by the vendor is slightly different (usually by mistake) than the name, or names on the contract.
Similarly, it is not uncommon to find a mortgage that the vendor paid out years ago but has not been dischared from the title.
When we receive the transfer documents, we check the description to make sure that the correct property is being transferred and the names are correct so that there will be no delays at settlement. We also explain to you your obligations regarding the safety switch legislation.
We remain in contact with the Buyers, or their Solicitors to ensure they comply with their obligations under the Contract and tell you immediately if a problem is discovered. It is also our duty to tell you what a problem could mean, what options you have and provide advice as to what we think the circumstances warrant.
We will liaise with your banks, should a mortgage require being dischared and the Buyers Solicitors. It is always necessary to arrange a time and a place for settlement to occur and to make adjustments on the exact purchase price. In our search results, it is almost always discovered that an adjustment of rates, water and, sometimes even land tax.
At settlement we ensure the correct title documents are available.
Why not contact us for an appointment.
