This week we provide a step-by-step guide of the
conveyancing process in Guernsey when buying a property.
1. Offer accepted!
Once you have an offer accepted on a property, the estate agent
will prepare draft conditions of sale which form the contract for
your purchase. An inventory of items to be sold with the property
will be compiled by the agent, with the input and approval of the
vendor (seller).
The conditions of sale will include the details of each party,
the value of the building and will include a separate price for the
contents of the property. It will also note the value of the
deposit to be paid on signing conditions of sale, which ordinarily
is 10% of the total value of the property, unless otherwise
agreed.
