Conveyancer Helps Couple Sell their £1.9 million Home

Sean Jones
Author:
Sean Jones
Conveyancing Manager
Date:
23/03/2021

A Residential Property Purchase Case Study - Client Situation

Mr and Mrs E wanted to sell their £1.9 million property as they were moving to a new home.

The couple didn’t use email or have a printer to print off and sign documents, and they were worried this might slow down the process.

They had already received some offers on their home that they were happy with, so Mr and Mrs E got in touch with our expert Conveyancers to see if we could help with the sale of the property.

How We Helped

I was happy to take on Mr and Mrs E’s property sale as their dedicated Conveyancer, and one of my colleagues helped them with the purchase of their new home at the same time.

As they told us that they didn’t have a printer or use email, we made sure that we printed all of the necessary paperwork and posted these important documents across for them.

Mr and Mrs E had employed a very eager estate agent who was trying to push for completion on the property sale. But as they were waiting on the seller to purchase their new home, we had to make sure that the completion date would work for everyone involved in the property chain.

We made sure to update Mr and Mrs E’s estate agent on a regular basis on both the property sale and purchase so they knew exactly where the transaction was up to.

As we had to send and receive many documents that we would normally email through the post, the estate agent helped us by posting documents so that we could complete without delay.

The buyer sent over enquiries on Mr and Mrs E’s property, which we answered on their behalf. The buyer’s Conveyancing Solicitor confirmed that they were satisfied with all answers we had given to their enquiries, and we let Mr and Mrs E know that we were ready to prepare a date for completion of their sale.

But Mrs E was very cautious to proceed as their purchase was still in the very early stages and they understandably didn’t want to go ahead until the initial Title Deeds checks had been carried out.

I asked my colleague who was working on the purchase of Mr and Mrs E’s new home to check the Title Deeds of the new property, which they were happy to do right away. Mrs E was now comfortable to proceed with the sale of their high value property.

Before going ahead, I explained to the couple that in normal circumstances it can be very risky to complete on a sale without being certain that their property purchase will go ahead. This is because we need to make sure the completion date is the same for both transactions so that Mr and Mrs E can have a seamless and easy moving day.

To make sure the couple were comfortable with this, I explained all the risks and had them both sign a disclaimer to state that they were happy to proceed with the final stages of the house selling process.

Mrs E was happy to sign this and so we were now ready to exchange contracts and complete.

The Outcome

The property purchase was soon sorted out too and we agreed a completion date with all parties involved in the purchase and sale transactions. We exchanged contracts with the buyer and moved to completion.

Mr and Mrs E were happy with the move-in date and were satisfied at the speed in which we agreed the sale of their property. The couple are now happily settled into their new home.

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