What Happens When an Offer is Accepted
What Happens After an Offer is Accepted
Once your offer is accepted, Browns Estate Agents will guide you through the next steps to ensure a smooth property transaction. The process begins with your property moving to solicitors, who will send the necessary paperwork to formalise the sale. Browns, an experienced estate agency in South Shields, will provide you with all required documents when you instruct them to market your property. These documents include title deeds, building regulations, planning permissions, and certificates for any work done on the property, as well as a fixtures and fittings form that outlines what stays or goes with the property.
If your property is leasehold, additional charges such as ground rent may apply, and a management pack may be needed if a management company is involved. Browns will help coordinate these details to ensure everything is in order.
Once both buyer and seller complete their paperwork, the seller’s solicitor will draft the initial contracts. The buyer’s solicitor will raise enquiries and order essential searches, including coal mining, environmental, water, and local authority searches. These enquiries involve a back-and-forth process until all questions are resolved.
When all enquiries are satisfied, contracts are exchanged, making the sale legally binding. The final stage is completion, typically within 12 to 16 weeks, depending on the complexity of the transaction. On completion day, keys are handed over, and the property officially changes hands, marking the successful conclusion of your sale with Browns Estate Agents in South Shields.