| 67 South Mall, Cork, Ireland |  |
tel: 00353 (0) 21 4279800 | |
fax: 00353 (0) 21 4279810 |
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A person's home may no longer be their castle but in most cases a person's house will be their principal asset and therefore the sale of your house should not be undertaken lightly and will have to be properly planned and carried out if things are to run smoothly. In many cases the sale of your house will correspond with the purchase of a new house and this will only add to the pressures and uncertainties in trying to juggle two separate transactions at the same time. It is important therefore that you obtain the necessary professional advice and assistance at all stages, both in the selling and planning of the sale and the completion of the transaction. It is important therefore to have absolute trust in the professionals you instruct in the selling of your house i.e. the auctioneer and solicitor. Your solicitor will set out in advance details of his charges including outlays that will be involved in the sale. You will at the early stage therefore be in a position to budget for the sale and the purchase of the new property. Without a proper budget and planning you will invariably run into problems. Your solicitor will require your title deeds, as these will be needed in drafting the Contract. In some cases, difficulties may arise concerning planning issues and it is important that your solicitor knows these well in advance of the sale so that sufficient time is available to rectify any problems that might arise. Your solicitor will send you an authority, which will enable him to obtain your title deeds from the bank. It is important to give your auctioneer clear and precise instructions as to the nature of the property being sold. In some cases you may be holding back part of the property for future building and also items included in the sale such as carpets and curtains should be listed so there is no doubt as to what is being sold. Once a sale is agreed, the next step is to issue Contracts. At this stage you will instruct your solicitor with regard to the closing date. Your solicitor then issues Contracts to the Purchasers Solicitors who will arrange for their clients to sign and return them to your solicitor with a 10% deposit. Once you sign the Contracts and they are returned to the Purchasers solicitor there is a binding Contract and only in exceptional circumstances can the Contract be broken. Steps involved in selling a house |
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| © Sean O'Riordan Solicitors 2001 | Disclaimer | ||
