Purchaser pays for the house, the survey, the valuation, the stamp duty, purchase registration fees, and their own solicitor fees. If they are using a buyer’s agent, the purchaser pays them.
Properties are sold as seen. If defects are identified during the survey, remedying them is the buyer’s responsibility. If defects were not clearly evident or disclosed prior to agreeing to a price, bearing the cost of remedial work may be negotiable via the estate agent. Once contracts are signed, the price is set in stone.
The sellers are responsible for paying all insurance, utilities, alarm monitoring, local property taxes and service charges due up to the completion date. As soon as the sale is completed, these become the buyer’s responsibility. Normally, the seller will be reimbursed for any pre-paymentÂ
Sellers are responsible for their own estate agent fees, their own solicitor fees, land registry compliant mapping, certificates of compliance with planning and building regulations, BER assessment, fees charged by the managing company for MUD replies (if the property is in a multi-unit-development), and any legal fees associated with boundary, right-of-way or title issues.
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