Sellers - How to Prepare & Complete Quickly

Have all your documents to hand.


If you don't you are not doing yourself any favours and will delay the transaction.


It is not your Conveyancer'st job, or possible for them to magically locate your installation and alteration related documentation.


These are yours to provide! Contact the installer if necessary.


Have your planning, building regulations, FENSA, ELECSA, NICEIC, NHBC, Service History and guarantee documents ready.


LEASEHOLD PROPERTIES - have your Lease, Ground Rent receipts, Service Charge Accounts and Management Company details ready. If you were served any Notices, then these are vital. Especially those regarding impending Major Works.


Tell your management company you are selling and once you find a buyer order their leasehold management pack (and pay the fee). This will avoid lengthy delays.


There may be two packs required if two different companies deal with ground rent and service charge collection


DELAYS


You also risk extra fees or disbursements such as indemnity insurance if your Conveyancer has to chase installers or the council to obtain certificates, consents or planning permissions which are lost.


These are documents that you would have been provided at the time.


It is amazing how few sellers can provide them but are dismayed at the resulting delays.


The buyer's solicitors will insist on sight of these documents to satisfy the lender's terms and conditions.


Additionally, the law firm has its own due diligence, so they are not sued after completion.


It is best to have your house in order before you agree to the sale!


https://propertyindustryeye.com/vendors-urged-to-have-property-dossiers-amid-difficult-market-conditions/



Sellers Prepare Quickly


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