Following on from our recent post Top 10 Tips for Choosing a Real Estate Agent, have you recently sold your house but you are not sure what to do next?
From a Conveyancing perspective, the following checklist is a guide to the steps that you should take once you have sold your property. It is important to note that these steps will vary depending on your circumstance and your financial institution or conveyancer will be able to answer any questions that you have along the way.
Here is a checklist for what to do after you have sold your house to ensure it is a seamless process for you:
- Contact your bank, building society or other financial institution to discuss your discharge of mortgage (if applicable).
- Choose your Conveyancer, if not already done prior to signing your Contract. Phone them to discuss any relative matters and then advise the Agent of the name, telephone number and address of your Conveyancer.
- Immediately sign and return any documents you receive from your Conveyancer (eg Memorandum of Transfer documents, authorities, or any other forms).
- Arrange to be completely moved out of the property by 10.30am on the day of settlement and leave all keys with the Agent (or other arranged place) by 10.30am on settlement day. Your house and property should be left clean and tidy for the purchaser.
- Arrange for a date to undertake final meter readings and to close your account for gas, electricity and telephone at least two days prior to settlement.
- Cancel your house insurance policy (if applicable).
- Prior to settlement, you will receive a Settlement Statement from your Conveyancer. Check it carefully and if you have any queries, telephone your Conveyancer immediately.
You can also download a PDF version of this checklist here.
We hope that this checklist assists you with selling and moving out of your property and that it is a hassle-free experience.