When you receive an offer on your property we will make sure you are fully informed of the potential buyer’s position and any timeframes / conditions they have so you are in a position to decide if this works for you.
Once you have accepted an offer our team of London estate agents
will prepare the Memorandum of Sale and write to all parties to confirm the agreed sale price and any related conditions of the sale. The negotiator will then be your main contact and communicator between all parties, guiding your sale through to exchange and completion.
James Pendleton’s consultants are with you throughout the entire process and will do everything they can to ensure a smooth transaction; we work with your solicitor, the buyer’s solicitor and mortgage broker and of course liaise with you and your buyer. If you are buying another property we will also keep in contact with the agent you are buying through to ensure everything is proceeding smoothly and we are meeting the necessary timeframes. Click here to visit our step by step guide to buying.
There are no legal obligations on either side until contracts have been signed and exchanged, so if it works for you it is good to get there as soon as possible.
We advise that you sign your contract as soon as possible so that you are in a position to proceed once all enquiries are answered and your buyer has signed their contract and transferred their deposit to their solicitor (usually 10% of the purchase price). The completion date will need to be agreed by both parties by the point of exchange and we will of course help you to get this agreed.
The James Pendleton Angel Department
will be in touch following exchange to make all the arrangements for completion.
If you have any questions about the exchange process contact our Sales team today.