At Karen Mulvaney Property, we pride ourselves on guiding our clients through every step of the selling process. One critical piece of advice we give—at the valuation stage and again when you instruct us to go to market—is to ensure your title deeds are readily available. Yet, despite our repeated reminders, this step is often overlooked.
So, why is this happening? Are vendors forgetting? Are Solicitors failing to follow through? Regardless of the reason, the consequences are the same: delays in the sale process that could jeopardise your chances of securing a buyer.
Why Are Title Deeds So Important?
When you sell your property, your Solicitor needs to draw down your title deeds to prepare contracts for the sale. Without these documents, contracts cannot be issued to your purchaser, which means the entire process grinds to a halt. This can be especially problematic in the current market, where properties are selling quickly, and buyers are eager to move forward. A delay on your part could cause frustration and potentially result in the loss of a keen purchaser.
How Does the Process Work?
To obtain your title deeds, you must sign a letter of authority with your Solicitor. This authorises them to request the deeds from your lending institution or any other relevant party. However, some lending institutions are currently taking weeks, if not months, to release these documents. The sooner you act, the less risk you face of encountering such delays.
The Risks of Delaying
If you don’t have your title deeds ready when we agree on a sale, you’re at risk of derailing the process. Buyers in today’s market have options, and a delay on your end could make them reconsider or even withdraw entirely. Whether you’re looking for a quick sale or are planning for a longer closing period, efficiency is key.
How We Can Help
With over 20 years of experience in the property business, we’ve seen time and time again how a smooth transition benefits everyone involved. We understand the process inside and out, which is why we stress the importance of getting your title deeds early. Trust us—we know what we’re talking about.
Our Advice
The Bottom Line
Properties are selling quickly in today’s hot market, and delays caused by missing title deeds are entirely avoidable. By acting promptly and following our advice, you’ll ensure a smoother process for everyone involved. Remember, we’re here to help you every step of the way. Listen to our advice, instruct your Solicitor accordingly, and trust in our expertise.
At Karen Mulvaney Property, your success is our success.