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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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    At Khans Solicitors, we want to avoid hidden fees and unexpected costs. So, you know in advance, how much you will pay and what exact services and support you will receive.

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    Buying a Residential Property

    Purchasing or selling a house is one of the largest economic choices that a lot of us make in our lives. It can likewise be just one of one of the most stressful.

    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,

    Owning a Joint Property

    Purchasing a residential property with somebody else certainly sounds like an excellent concept. By pooling your resources, you might have the ability to acquire

    Transferring Equity

    When you have a residential or commercial property with another person, you may end up wanting to move complete ownership to either on your own or the other individual.

    Settling a Land Dispute

    Land ownership and leases, whether farming, household or industrial, frequently result in conflicts, either between neighbouring proprietors

    Being a Landlord

    Whether you’re wanting to let your residence, buy a buy-to-let building, are a property owner with a huge profile or simply trying to find suggestions,

    Pricing Guide

    As per the Solicitor’s Regulation Authority instruction, we need to release information about the services we provide as well as the prices we bill. We want our customers to have the right information that they require to make the decision to select the best service at a rate that they can pay for.

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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.