When you are selling and buying at the same time it’s hard work. This is particularly the case if you are trading down to a smaller property after many years of living in the one you are
about to sell.
I know as I sold and bought a property for my mum in 2012. She’d lived there for 25 years. Dad had gone and she was rattling around in this enormous house. We were really lucky to find her another property around the corner. It was a similar layout, just a lot smaller with a much more manageable garden.
The work involved in the legals though was huge. Fair enough, I’m fairly diligent in everything I do, but we had to find and send to the buyers:-
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Just filling in the lengthy property fixtures and fittings forms was hard work. They don’t account for the fact mum had 12 rooms and a large garden, so we had to use additional sheets. Each time we had to say whether she was taking carpets, lighting, curtains/blinds etc.
It took hours to do!
Then there was the task of filling in the property information forms. Writing down all the information about which suppliers mum was with – gas, electric, phone, broadband/cable, water. Where the stop cock was, the fuse box, all meters around the house.
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XXX | When I added up the time it took to collate all the legal information for the buyers, read and investigate all the legal information from the sellers we were buying from, I estimate it took me about seven full days – that’s a lot of weekends when you work full time! |
So, if you can, make sure you carry out the legal work and provide the solicitor or conveyancer with everything they need to prepare the contract of sale BEFORE you embark on buying.
It makes life a lot less stressful! For helpful, FREE checklists on trading up your home including a checklist on how to prepare your legals, please sign up for FREE to Property Checklists.
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