Guide to Selling
Step 1: Accurate Valuation
Choosing the correct agent to sell or let your home is vital. Our dedicated team understands your needs and is committed to providing a personal service tailored to meet your individual requirements. We strive to achieve you the best possible price and have years of experience and local knowledge to guide you
Call us on 01530 231859 to arrange a free no obligation valuation or feel free to complete our valuation request form.
Step 3: Instructing a Solicitor
To avoid delays once a sale has been agreed it is a good idea to do some research on local solicitors and their charges prior to putting your property on the market. We are happy to advise you on tried and tested local solicitors.
Step 4: Presenting your Property
Presenting your property well is the key to a good first impression. It would be an idea to de-clutter to prevent rooms feeling small and applying fresh coats of paint where needed.
Once your property is ready to be photographed we can arrange for professional photographs to be taken of the property, floor plans and energy performance assessment. We will then produce the property brochure with detailed descriptions for your approval.
Step 5: Marketing your Property
We provide you with regular marketing updates and straight talking good advice. All our properties benefit from 24 hour marketing coverage on the leading property websites: – Rightmove.co.uk
Your property will also benefit from our full colour property details. Our computer software will automatically email out your property details to new applicants registering with matching criteria.
Step 7: Receiving an Offer
Once we have received an offer on your property we will notify you straight away. We will put the offer to you verbally and in writing stating any special conditions of the offer.
We can request the buyers to provide proof of their ability to proceed. For example by providing proof of cash funds or evidence of their mortgage agreed in principle. It is then your decision whether to accept the offer.
Until the contracts are signed and exchanged there are no legal obligations.
Step 8: Offer Agreed
If the offer is acceptable to you then we will write to all parties to confirm the agreed price and possible conditions of offer. We will ask you to confirm your solicitor’s details so we can prepare a memorandum of sale.
Next you will need to instruct your solicitor.
We will keep in touch with all parties and keep you informed throughout this process.
There are no legal obligations until contracts are signed and exchanged.
Your solicitor will send you questionnaires about the property which you will need to answer and return.
They then obtain title documentation and details of amounts outstanding on any mortgages
Once your solicitor receives the replies from the questionnaires they sent you they prepare the Contract Pack and send it to the Buyers Solicitors
The Buyers’ Solicitors then ask questions about the property which your solicitor will answer from the documents they hold or they may need further information from you. Your solicitor arranges for you to sign the Contract and Transfer and you agree a completion date with the Buyer once:-
- All enquiries are answered and confirmed by your solicitor
- There is evidence of a clean title
- All queries over the lease (where applicable) and local searches have been addressed.
- Fixtures and fittings to be included in the sale have been agreed. The buyer has received their mortgage offer / has their cash funds ready
Contracts are exchanged and the completion date is set. The Buyer pays the Deposit to their solicitor (usually 10% of the purchase price) who transfers it to your solicitor.
You will make arrangements to move out and to hand keys to us.
On the completion date, you move out. Your solicitor sends the transfer to the Buyers’ Solicitors, disburses our fees, pays off any mortgage, deducts their fees and pays the remaining balance from the proceeds of the sale over to you.
Once the money has cleared in your account your solicitor will inform us to release the keys.
Open the champagne your property is SOLD!
Sell or Buy
Reasons to sell first and then buy:
By selling your property first you are giving yourself more time to consider and decline offers because you are not in a rush to move out of your home.
Achieving a Higher Sales Price:
Having the luxury of time you are not under pressure to accept the first offer that comes your way. If the buyer knows you need to sell they are more likely to put in a lower offer.
If you do not want to be put under any pressure to buy straight away then why not consider renting after the sale of your home? This could relieve stress and allow you to wait until the right property comes onto the market for you without holding up the sale on your own property.
Reasons to buy first and then sell:
Possibly a home will come onto the market at such a good price that it makes it worth buying before selling. The vendors need a quick sale and so have gone onto the market at a lower price. In this instance it may be worth buying before selling as the deal that you’re getting is worth the repayments on two properties in the time it takes to sell your property.
Your Dream Home:
Your dream homes comes onto the market in the street you have been waiting to see a home for sale in and you can’t run the risk of waiting to sell yours before buying this one. This is an emotional decision but one that people will make. It is always a risky and possibly expensive process to buy another home before selling – you therefore do not want to be the proud owner of two homes for too long!