Buying and Selling Houses
At Gebbie & Wilson we offer local knowledge, a personal service and expert advice as well as a full estate agency and conveyancing service.
Buying and selling a home can be a daunting and stressful process. We aim to make the process as painless as possible. Our solicitors have experience in property-related matters and conveyancing, we are a founder member of GSPC and we undertake property related work on a daily basis so we have the experience and expertise necessary to complete even the most complex of residential or business conveyancing transactions quickly and efficiently. Based in Strathaven, we are ideally placed to conduct agricultural property transaction including agricultural conveyancing across central Scotland.
Conveyancing Solicitors Lanarkshire
Conveyancing can seem like a confusing, complex process, but we can help make the process simple for you.
A typical conveyancing transaction normally completes along the following lines:
First, the potential purchaser notifies their solicitor of the property they wish to purchase. The buying solicitor then contacts the selling solicitor to ‘note interest’ in the property. Then, working with the buyer, the buying solicitor drafts the offer and sends it to the selling solicitor.
The selling solicitor receives the offer and contacts the seller for their instructions regarding the offer – is the offer acceptable in terms of the conditions and price?
Often, the offer isn’t acceptable outright and as such a qualified acceptance, rather than a complete or ‘de plano’ acceptance is returned to the buying solicitor. This may contain amendments to the price, the entry date, what moveable property is included etc. Normally there follows an exchange of letters and a process of negotiation known as ‘the missives’. The missives come together to form the contract of sale.
Once the missives are concluded the selling solicitor sends the title deeds to the purchasing solicitor for examination. Presuming there are no defects in these the next step is to arrange for the various mortgages to be redeemed in respect of the properties and this is done by each party’s solicitor.
The final step is settlement of the transaction. The buying solicitor pays the selling solicitor the purchase price in exchange for the keys and the disposition, deeds and other title documents.
This is a brief guide and does not outline what goes onto every conveyancing transaction, nor is it a full guide to the law. If you have any questions about buying or selling property in Scotland, contact Gebbie and Wilson today.
Conveyancing Solicitors Glasgow & South Lanarkshire
We help our buy and sell properties throughout Scotland.
No matter where you are based, we have the expertise to help.