Legal help with
When Selling Property you need to make sure that you choose a law firm that can deal with a range of areas within property law. We deal with all aspects of residential Freehold and Leasehold conveyancing, including re-mortgaging, transfers of equity and equity release schemes.
We’re here to help… get in touch today.
Solicitors serving Waterford, Kilkenny and Tipperary
Our friendly conveyancing team are here to answer any questions that you may have throughout the selling process and beyond. Unlike some law firms, we believe in a personal approach and you will have a dedicated property Lawyer who will answer any questions about legal advice when selling your property. You should be able to speak to your Lawyer each time you contact us so that any questions you have can be answered straight away.
Legal Considerations when Selling a Property
A few things that you will have to consider:
On the “completion date” you should receive the money and sign over the property. The buyers are entitled to move into possession of the property they have bought free of you, your family, any claims on the property and any of the property’s contents at all; apart from any they have agreed to buy, which must, of course, remain there.
The date, the price and the terms on which the property is taken are formally agreed and become binding from the date on which your Lawyer, “exchanges contracts” with the buyer’s Lawyer. On this date a deposit is usually paid to us by the buyer. If the buyer fails to complete the purchase you will probably be entitled to retain the deposit and the property. If you fail to complete, the buyer will recover his deposit and you will also face a substantial claim for compensation.
It is clear then that exchange should only take place when you are confident that you can vacate the property and the buyer is confident he wants to buy the property that you are offering to him and he will be able to pay the price. It is therefore convenient to consider the following matters that must be dealt with before exchange from the perspective of what the buyer needs to know before he will give his lawyers instructions to proceed.
After exchange you have an obligation to ensure that so far as is reasonable the condition of the property remains the same. You should not cancel your insurance cover until completion unless we advise you to do so.
Most sales of properties proceed smoothly, but you can see the risks involved and the possibility that the buyer will not be able to proceed and will therefore withdraw before exchange of contracts. For this reason you may decide you want to keep advertising the property until exchange of contracts in the hope of securing an alternative buyer if the present buyer drops out. However, the buyer may object to this in which case you and your agent will need to resolve this matter.
When you have sold your property this may be the perfect time to update some of other legal documents that have been affected such as your Will. We can also assist with tax planning which will make the most of your money.
For honest, expert and practical advice about Selling Property, please get in touch with Mullins & Treacy LLP today on 051 391488. Alternatively, use can use our Property Enquiry Form or our Book a Call form and one of our team will get in touch at a time to suit you.
For honest, expert and practical advice about Selling Property, please get in touch with Mullins & Treacy LLP today on 051 391488. Alternatively, use can use our Property Enquiry Form or our Book a Call form and one of our team will get in touch at a time to suit you.
“The staff at Mullins and Treacy are very professional, efficient and responsive. We found them excellent to deal with and they looked after us extremely well in relation to the sale of our old home and purchase of our new house. We were delighted with how smoothly the whole process went and would certainly recommend the firm to friends and wouldn’t hesitate to return to the firm for any future business.”
“Recently had Cian at Mullins & Treacy LLP Solicitors look after the purchase of a property for me. First class service from start to finish, very responsive and always on hand with great advice.”
“Absolutely excellent service from Mullins and Treacy Solicitors, especially Cian O’Rorke who I was personally dealing with through a rather complex and stressful first purchase of a property due to the Covid-19 uncertainties. Cian was very professional and accessible from start to finish always on hand with any queries I had or updates regarding the purchase.”
To get your property sale underway contact Mullins & Treacy today on 051 391488. Alternatively, use our book a call form and one of our team will get in touch at a time that suits you.
To get your property sale underway contact Mullins & Treacy today on 051 391488. Alternatively, use our book a call form and one of our team will get in touch at a time that suits you.
