When you decide to sell your property, you should instruct a solicitor from the outset. This will make for a smooth transaction, allowing the solicitor to ensure all the relevant documentation is in place. For example, if you have added an extension to your property, you should ensure that you have the proper planning permissions as prospective buyers will expect to see this. You will also need to arrange for a Home Report to be prepared by a Surveyor.
You should also consider the financing of any proposed move carefully and check to see your outstanding mortgage on your current property. You should speak to your solicitor about any move’s legal and tax costs to allow you to budget appropriately.
If you are looking to buy a property, you will need to submit an offer normally to an Estate Agent. Once you and the seller agree on the terms, a contract will be formed in missives. Your lawyer will liaise with your mortgage provider, ensure all the relevant documentation is completed, and ultimately obtain the loan funds. At the end of the transaction, your title deeds will be registered in the Land Register of Scotland.
The process is paperwork and negotiation heavy. This is why you must have a solicitor acting for you who will absorb this burden and ensure a smooth process with a positive outcome.
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