Sale and Purchase

Sale and Purchase

Sale and Purchase

Posted by Maria Young, on February 26, 2020. Tags: , , ,

We were instructed by clients who we had acted for many times previously.

Initially their chances of purchasing the new property were slim, as they had not sold their own property and there were other interested purchasers for their purchase.

We advised them to be realistic about the price that they hoped to get for their existing property.  They took our advice, instructed estate agents and sold their property very quickly.  Their offer on their new house was accepted.

That was not the end of the story as the executors acting in the sale to them were also transferring part of the deceased’s property to a Housing Association in accordance with a provision of the deceased’s Will.  The contract documentation was complicated because of the inter-relationship of the rights and obligations in respect of the property and that they were selling to her clients, and the Housing Association respectively, as well as some further land that they were retaining.  

Extensive use of email, and scanned documentation, between all three solicitors, meant that the drafting and settling of the contract and transfer documents were agreed quickly.  Our clients’ work commitments meant that they could not travel to Banbury to see us, but again extensive use of email and direct dial facilities meant that we were still able to progress their transactions promptly.

Our efforts ensured that our clients bought their dream home – much to their delight.  The executors were so pleased with the way that the sale had progressed that they granted our clients an option to a purchase a coppice on the land that they had retained – an option that they have recently exercised.

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