Conveyancing
Selling A Residential Property
Selling a property is not easy as this is not just advertising in the market and set an asking price. Khans Solicitors will guide you through every step of the way, from advising on how best to present your home for viewings, to negotiating the sale and liaising with solicitors.
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We make use of KSolicitors for different lawful elements as well as constantly locate them to be incredibly expert. We constantly really feel extremely risk-free recognizing that we are being assisted by their actual qualified and also educated group. They will certainly constantly go above and beyond to making sure that we are maintained educated at each phase of the means.
Eugene Nadeau
Terrific individuals functioning there had the ability to aid with my non-standard question, as well as they were open in Covid time while I was fairly determined to locate any type of various other lawyer
Kevin James
We decided to do our codicils to our Wills at the break out of the Corona-virus, so we performed using the telephone or by e-mail and it went extremely efficiently. We got a fantastic online support throughout the procedure.
Joel Lee
Khans Solicitors accomplished the sale of our residence. I should discuss Muhammad Akram Rana particularly, he was really practical with recommendations when I required it as well as pleasant as well. I will absolutely return to Rana when we are offering once more.
Iqbal Butt
I possessed affair to handle along with Omar and also his co-worker Imtiaz worrying a significant illegal issue. Our interactions were actually done 'long-distance', as well as I located both Omar and also Imtiaz to be actually incredibly helpful, interesting as well as expert.
Danii Achury
I have utilized Khans Solicitors on a number of events. Omar guidance has constantly been prompt and sensible. I will most definitely be using Khans in the future, as well as they are now a main part of our company planning for the future.
Cory Lisbon
I utilized Khans Solicitors for a family law issue. Martin was very straightforward to take care of, I found him to be specialist in his method as well as a satisfaction to manage. I would have no reluctance in using him as well as Khans Solicitors once more.
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Frequently Asked Questions
There are different legal aspects that should be considered when selling a property. The most important ones are:
- The property selling process
- Exchanging contracts
- Completion
Exchange of contracts
To provide security for the sale, and so that your moving arrangements can start to be organised – a contract is agreed. This exchange of contract is done formally through a telephone conversationbetween solicitors. It defines price, date and the machinery of completion. Note the following:
- Until the exchange of contracts, either party is free to withdraw from the transaction without penalty.
- The buyer will have to pay part of the purchase price to their solicitor as a deposit to be held on your behalf. This can be forfeited, if the buyer fails to complete the contract.
- Do not cancel your insurance cover until one of our solicitors advises you to do so.
The day on which you are paid the money and hand over the keys is called the completion date. Note the following:
- You must have emptied the property by that time, unless it has been agreed otherwise in writing between solicitors.
- You must leave anything that the buyer has agreed to purchase.
We can assist you throughout the process of selling a property.
However, our services go even further. We can advise you on legal considerations when selling a property:
The time of selling a house is probably the time to re-consider your Will and Inheritance Tax issues generally. We have a dedicated team who can advise you on these matters and this could save you problems later on.
Furthermore, we can advise you on capital Gains tax :
If your property has risen in value, you may have to pay Capital Gains Tax on the difference between what you receive for the property and what the property cost to acquire, improve and sell, after allowing for inflation.
