Are you selling through an auction or treaty?
It is crucial to be guided by a professional on whichever way you choose to sell the house. The method one eventually choose will depend on the area, the type of house and the state of the property When you consult a professional they will tell you the best way to sell the house. Click on the active link for the homes for sale in palos verdes. Of your plans to sell the house so that he may prepare the title documents and the contract for sale.
Is the house under mortgage?
If the house is still under the mortgage as most houses, you have to give authorization to the lending institution to give title deeds to the solicitor in the preparation of the sale contract. It is prudent to carry out this exercise as early as possible to give the counsel ample time to prepare for the contract for sale.
The sale contracts
The beginning of drawing the contract is after relevant documentation has been received by the attorney. It will solely depend on the mode of sale before deciding on how to write the contract. If the sale is through an auction, then the name of the purchaser and the asking price are kept open until after the auction when the buyer and price are known. If by private sale the contract is prepared with price and buyer to have already negotiated and agreed thus the details are included in the contract.
Planning permission
Houses built as from 1st October 1964 must have a planning permission before sale. The planning permission involves: The architect certificate objectively stating that the planning regulations aware followed during the building stage. If there have been any upgrades to the property, there needs to be a similar approval. The planning documents have to be ready for the sale to ensure that a potential buyer does not withdraw from the sale at later stages due to lack of this documentation
When selling, a family home
When it is only one of the spouse’s name on the contract, you will need the signature of the other one to show approval by signature of the sale. When both spouse’s names are on the contract, then it is simpler as their signatures are a requirement anyway. As a requirement, you will have to produce a marriage certificate as per the state.
Signing contracts and closing
First, your solicitor should send the contract and deeds to the buyer’s solicitor for viewing. The buyer’s attorney will further search the validity of the documentation. He may also advise the client to amend fundamental issues in the contract of sale. After the contract has been okayed by both parties, then the buyer is required to sign and pay the deposit. The signed contract is returned to the vendor for his/her signature. Then it’s duplicated for both parties to have a copy.