Selling your property

Selling My Property

Step 1: Finding a Purchaser

The first step in selling your property is to engage an Estate Agent for the purpose of advertising your property for sale. When a satisfactory offer has been received and the booking deposit paid the Estate Agent will forward a sale advice note to your solicitor. The sales advice note will detail the purchase price, the property address the address of the purchaser’s solicitor.

Step 2: Title Deeds

It is necessary to locate the title deeds when selling the property. If there is an existing mortgage on the property then the title deeds will be most likely held by the bank that provided the mortgage. Your solicitor will arrange to obtain the title deeds from the bank on. The bank will usually charge an administration fee for releasing the title deeds.

Step 3: Contract for Sale

Once your solicitor has received the title deeds he/she will investigate title and proceed to draft the contracts for sale. The contracts for sale are sent to the purchaser’s solicitor. Once the purchaser’s solicitor is satisfied with the contracts he/she will arrange for the purchaser to sign and return them to your solicitor together with the deposit. The deposit is usually 10% of the purchase price.

Step: 4 Questionnaire

The purchaser’s solicitor will send a questionnaire to your solicitor known as “Objections and Requisitions on Title” to be completed by your solicitor. Once the purchaser’s solicitor is satisfied with the responses he will forward a draft transfer document for your solicitor’s approval.

Step: 5 Preparing for Closing

Your solicitor will then prepare the closing documents and arrange a date for the purchaser’s solicitor to attend his office for the purpose of closing the deal. Your solicitor will also arrange for you to attend this meeting in order to sign the closing documentation.

Step: 6 Redeeming the existing mortgage

Your solicitor will write to the bank to obtain redemption figures to i.e. to ascertain the outstanding balance on your existing mortgage. Your solicitor will arrange to discharge this mortgage from the purchase funds so that the purchaser will obtain a clear title.

Step: 7 Closing

On the closing date the purchaser’s solicitor will attend your solicitor’s office where the closing documents, keys and alarm code (if any) will be exchanged for the balance purchase price.

Step: 8 Completion

Your solicitor will arrange to discharge the outstanding mortgage from the proceeds of sale with the balance proceeds being paid to you. At this stage your solicitors fee will be payable.

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Sam Smith
22:40 26 Mar 25
Myself & my partner can't recommend MB solicitors enough, they made the mortgage switching process a breeze. Michael, offered us a high level of professionalism, knowledge and experience, while making the process simple and understandable. My partner and I took advantage of the Will service available at MB solicitors. Michael, fielded all my stupid questions (much appreciated, sorry again for taking up your time) but this allowed us make informed decisions.Thanks again MB solicitors Team (5/5 experience)
David Adams
11:02 21 Mar 25
I would highly recommend MB Solicitor’s for all your legal needs.Michael is extremely professional whilst still maintaining a personal touch.I will be continuing to use Michael for the foreseeable future.
Grace Shannon
16:49 06 Mar 25
I highly reccommend mb solicitors malahide rd.from start to finish Michael was amazing he talked us through the process in detail and told us not to worry that he will.jandle.it all and make our journey as stress free as possible.he is highly professional and is consistent with keeping you updated on every step.dora the secretary is also amazing she so quick at responding to you.if your looking for high class professionalism Michael is definitely worth going to.thank you Michael and Dora for making our journey go smoothly.
Smart invest
12:54 29 Dec 24
Michael is an outstanding solicitor. He handled the complexities of our property purchase with exceptional care and professionalism, navigating issues involving international banks with varying requirements. From start to finish, Michael guided us through every step of the process, addressing challenges with expertise and ensuring a smooth transition until we received the keys. He is now diligently managing the property registration. Without a doubt, Michael is a top notch dealmaker.
Claudio Frisoli
16:35 03 Dec 24
I can’t thank Michael enough for his help with selling our house (he actually help us when we bought the house and we came back to him when we wanted to sell).He explained the process in detail, making everything so much easier to understand, and was always quick to respond to my questions. His support made the whole experience stress free. Highly recommend!
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Having known Michael Burns for 5 years he is the only solicitor I turn to for advice on Planning and Property law. Whether it’s buying or selling a property or advising on the Planning Acts Michael identifies all the relevant issues but gives solutions not problems. Always professional, quick turnarounds do not compromise quality at MB Solicitors. I would have no hesitation in recommending Michael.

Lisa Mahony

Solicitor