Draft contracts will be drawn up by the Sellers solicitor and be forwarded to the Buyers solicitor for consideration in preparation of exchange of contracts. Once the contract has been signed by both parties, a deposit (usually a small percentage of the purchase price) is paid by either bank transfer or bankers draft. At this stage all parties will agree a date for completion to take place.
Completion usually follows a few days or weeks after exchange of contracts. The balance of the purchase price is transferred by the Buyers solicitor to the Sellers solicitor and the keys are released. You are now the proud owner of your new home.
"A few weeks ago a family tragedy placed me in a position where I urgently needed to find rental accommodation for myself and my wife. I therefore approached a number of Estate Agents, some were good and others were extremely rude and unhelpful. For example one of them failed to appreciate that if you are prepared to pay 2 years rent in advance, one's gross annual income is largely irrelevant. Another grilled me on my wife's disability implying that her disability might prevent me from gaining the tenancy I wanted (against the law by the way). Now the good - From start to finish Cherwell Property staff acted with a high standard of professionalism and consideration. They fully appreciated my wife's disability imposed limitations on my time and availability. Thank you Chris for visiting my home with important documentation. I was kept fully informed as the search for a property continued and WITHIN 10 DAYS I was given the keys to exactly the type of property I wanted. So, a big thank you to all the staff of Cherwell Property and may you attain the future success you so richly deserve."