How is the seller paid?
In most cases the seller prefers to see the cash in his/her hand, but walking around with a wad of money in a brown paper bag is not advisable anywhere these days; bank draft and some cash. The seller does have some legal expenses of his/her own that need immediately attention. When large amounts of money are involved, the lawyers will arrange for a morning completion of contracts so that the seller and buyer read through the contract and everything is agreed upon and then they go off to the bank together to do relevant bank transfers. They can return to the public notary together to sign, or lawyers and clients go to the bank and sign there. Do I have any immediate expenses that need taking care of on completion of contract? Yes. You will need to pay the public notary and the land registry fee and you will also need to pay the union stamp. You will not receive receipts for these amounts because they will be entered in the sales contract. Your lawyer will need their fee and if an agent
