16 Apr What is Sales Progression?
Sales progression is the term used to describe the management of the process from the point an offer is accepted on a property to when the keys are handed over to the buyer. It’s a multi-step process involving various parties and requires detailed oversight to prevent common pitfalls that could derail the transaction and lead to lengthy transaction times or fall throughs. Key Stages Between Offer Accepted and Completion: Instructing Solicitors: Once a sale has been agreed, both parties must instruct their solicitors or conveyancers to handle the legal aspects. Memorandum of Sale: This document confirms the sale's terms and details both parties'...