2021

What is a Memorandum of Sale?

Answered By

•

FAQs

Short Answer:

The Memorandum of Sale (MOS) is the document that "launches" the whole sale process. It says who you are as the seller, who we are as the buyer, the property that's changing hands, and who each of our solicitors are. Everyone involved gets a copy, and then begins work on the sale.

Long Answer:

What is it?

The Memorandum of Sale (MOS) says who you are as the seller, who we are as the buyer, the property that's changing hands, and who each of our solicitors are.

It also outlines the completion date we're working towards.

Everyone involved gets sent a copy, and at that point the sale is officially "agreed" - meaning solicitors will start work.

What does a Memorandum of Sale look like?

It contains all the information listed above neatly laid out on our headed paper. This is so everyone knows who's who, and the solicitors know how to contact each other. (We'll be adding a copy here soon so you can see an example).

Back to FAQs

Short answer:

It usually takes 14-21 days between when you accept our offer, and completion taking place. (Much less than the 2-3 months it usually takes)

If you'd like more time (or if you need your sale faster than 14-21 days) then speak with our team. Our job is to complete on a date to suit you.

Many customers want longer in between to get their other plans in place - this is absolutely fine. And some customers want a faster sale. Speak with us if you do need a very fast sale - we can probably speed up our usual process if you really need.

See full answer

After I accept your offer will I deal with one person, or a call centre?

Short answer:

You'll have a single point of contact. It's their job to oversee the sale and make sure it happens in your timeframes. They'll keep you updated throughout, and you can call or email them any time.

See full answer

Do I need a solicitor?

Short answer:

Yes, you'll have a solicitor who acts for you. This won’t cost you anything though, as we cover your legal fees.

See full answer

See all FAQs

HOW WE CAN HELP

Selling your home to Yes Homebuyers

We buy your home directly from you so you can sell your house fast and avoid waiting around to find a buyer on the regular market.
You can get a "ballpark" offer from us within 5 minutes, a formal offer within 24 hours, and we can complete on the purchase of your home in as little as 2 weeks.
Our quickest purchase was made within six days.
We guarantee the price we will pay, unlike some buying platforms who reduce their offer shortly before completion.
There are no fees or costs involved and we cover all legal fees involved.
There are no contracts or tie-ins even if you accept an offer, and no viewings to take care of.