Once an offer has been accepted on a property, legal documents need to be prepared to transfer the ownership. The solicitor or conveyancer acting for the seller drafts the sale contract for approval by the buyer’s solicitor or conveyancer. The contract will include details about:
Before the contract is exchanged, the buyer’s solicitor or conveyancer will investigate the property by raising enquiries, reviewing the title and reviewing search results. The seller does not have to voluntarily tell a buyer about problems there might be with the property or neighbourhood. The seller should, however, reply truthfully to enquiries which the buyer’s solicitor raises and the buyer can rely on the replies that a seller gives.
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