Contact us on

020 7611 4848

email us

Sub-menu

Arrange a Callback

Ask a Question

Articles

Monday, 22 February 2016

Selling your home but want to back out?

Selling your home can be a difficult decision to make and you may have some doubts about whether you are making the right choice. In previous articles we have discussed the process of buying and selling property and this article will focus on what you should do if you want to retract the sale of your home. 

There are many reasons that you may wish to stop the sale of your property but it’s important that you make this decision as early in the selling process as possible. If you decide to pull out before the contracts are exchanged you will only have to pay your solicitor or your licensed conveyancers fees and the expenses of your estate agent. Estate agents will usually take their fee once the sale is complete but make sure you check their terms and conditions because you may still have to cover their advertising, ‘for sale’ board fees and any other costs they may incur. If you have instructed a solicitor or a licensed conveyancer to start the conveyancing process you will probably have to pay them for the work they have completed to date or you may have to pay an agreed fee dependent on the arrangements you make with these firms.