Streamline your employment contract process with airSlate SignNow

How to create outlook signature

i'm now logged in as the purchaser solicitor i've reviewed all of the documents and i'm happy with them i've raised queries and i'm happy with how they've been answered i have arranged for my client to come in and sign the contracts which they have done and now i need to arrange for the receipt of the 10 contract deposit and the transfer of same to the vendor solicitor so the payment of the 10 contract deposit so that's what needs to happen next someone said the payment has been made to to me in this instance to purchase your solicitor there are some intermediate steps that are going on the pre-purchase survey but that's for the purchaser we've called the purchaser bidder one in this instance um now i don't actually have the vendor's solicitor's bank details and because he hasn't advised me or uploaded those yet and i know that the purchaser hasn't done the survey and they haven't actually arranged home insurance maybe home insurance might be a little bit premature just yet so and this is a in this fictitious instance it's a cash buyer so we don't have uh mortgage protection um or life insurance here as a required step because there's no mortgage being raised so in terms of the pre-purchase service so we might just make use of the messaging function here to let our bidder know or let the our client know serve it so dear john i am acquiring as to whether the survey has been completed and if any issues you would like me to raise whatever the case may be so that's a message to the bidder then to the vendor solicitor no need to cc my client in this bank details dear sirs please upload your client funds bank account details such that i paused the video so i'm just reminding the vendors the visitor to upload their bank details so they'll get that reminder through here so they'll see that they've got a message read the message okay this is now done it'll go and get it done so vendor solicitors bank details so they're already here we just need to make sure that we're happy to share this so we already put them in here we'll just submit those and that will share them with the purchaser solicitor jump back it knows the purchasers so this we have those details now so they're here so signed contract and contract deposit transferred to the other side there's sent across to the other side i'm going to jump back in then as the vendor solicitor this time so signed contract and contract deposit so let's suppose they've been received now so we receive those in the post so if we just pause on where we are now we've signed the contracts as the purchaser so this we've received the contract deposit we've sent it across we want to get a letter of indemnity from the insurance company now noting the new purchaser's interest on the policy and [Music] we might just remind our client to insure the the property if there was a mortgage that they'd need to get that before they can draw down funds so just waiting on a few um a few tasks to be completed here in advance of the closing so again we could be using the messaging function to remind people of what we need so let's hope this is the vendor solicitor now so the vendor solicitor has requested that from the management company in turn requested from the broker and onwards to the insurance company so that's there so we'll jump back in now and get that marked off so we can go in and make sure we're happy with that look at the file and approve it so things are moving along nicely now so this is the first time we've logged in as the bidder here so they have a message this is done okay so we can send that stun and we can mark it as done so this is the purchaser now in this instance just doing the couple of bits that they need to do and home insurance might just be reversal slightly premature at this point so they've done that so so now we're going to come back in as the vendor solicitor they're going to arrange a date to sign let's everybody know that the vendors are going to come in and sign and then the we can mark it as sign once they've come in so let's suppose the contracts are signed now so they've been signed by the vendor and that we might propose a closing date so there's no need to use the messaging function again but you get the idea that you could uh send a message to the purchaser so this you could cc your own clients on that if you're reminded to do so to suggest the closing date and eventually agree a closing date what's the closing that has been agreed closing the degree between both sides let everybody know what that is then again use can be made of the messaging function to arrange for the transfer of funds and closing documents which we haven't put in as individual steps but they can be used can be arranged using the messaging function and then once the sale indeed closes the vendor solicitor can let everybody know that the sale has indeed closed and then we have a little bit of tidying up to do in terms of the vendor solicitor which we might deal with in a quick small video after this so it's just about uploading the mortgage redemption statement closing statement for the vendor getting that approved and then transferring the funds across come back in as a moment from the purchaser's perspective so the purchaser has now seen that the sale has closed and presumably going to arrange to get the keys the home insurance would have been sorted out at some point along the way there as it was a cash buyer there was no need as such to get that in place but obviously as the purchasers solicitor we would have advised them to get that in place and then i'm just going to refresh here so the purchasers point of view we're all done here purchase solicitor we're all done sale has closed okay the case has gone into completed there now and as we're almost there we may as well go and get this done so we've requested the mortgage redemption statement let's suppose we've received it so we've received that we'll upload the closing statement now and get that signed off on by our client the word the vendor solicitor in this instance so we're just waiting on our client to log in and approve the closing statement and then once they do we can come back up here and we can get vendors bank details which they've uploaded quite a bit earlier in the process we have a statement confirming those call them over the phone to verbally verify them and then make the transfer and then that closes out the process so we're all done now and coming to completed all of the documents remain available to you for future reference should you want them and that concludes the process