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Seller's Guide
Selling your home can feel daunting but it needn’t be with a trusted estate agent and a good idea of what to expect. Read our guide to everything you need to know about the sales process.
Step 1: Get an accurate valuation of your property.
It is a good idea to get two or three agents to give you a valuation, helping you to understand the correct price for your home and also see how different agents work, and the level of service they offer.
Step 2: Choose the right agent for you.
Once you have met with a few different agents, you will normally get a feel for who you feel most comfortable with (much like when you choose a home!). Once you have instructed your chosen estate agent, this is a great time to get your budgets and finances in place, as well as instruct your chosen solicitor.
Step 3: Get your property market ready and agree on a marketing plan.
We all know first impressions count for everything when it comes to property, so make sure your home looks it’s best for the photographs. Agree on how your agent will market your property, with a mix of online and offline strategies. Plus, agree on your communications and how regular you will receive feedback.
Step 4: Accept an offer.
It can be difficult to know what is the best offer, but it is important to take your time to consider it and talk it through with your agent, who will be working to get the best price for you, but also taking into account your individual circumstances. Once you have an offer you are happy with, agree on timescales with your buyer, agent and solicitor, so that everyone has a clear idea of what you are aiming for. Your solicitor will now begin the legal work for you.
Step 5: Your onwards purchase
If you are purchasing another property, you will need to make sure your mortgage offer is in place (if you are taking out or using an existing mortgage) and it is likely your lender will request a survey to be taken out on the property you are purchasing. You can choose between a Basic Valuation Report, which checks the condition of the property and its market value; or a HomeBuyer report which provides much more detail on the overall condition of the property. Although HomeBuyers reports do cost more, they can often be invaluable when it comes to saving you money on repairs in the future.
Step 6: Make sure you check all your paperwork.
By now, it is likely you will have your draft contracts from your solicitor and any searches on your onwards purchase. Check these all thoroughly, and raise any concerns with your solicitor who will pass these up and down the chain until they are satisfied and ready for exchange.
Step 7: Exchange of contracts.
Once you and your solicitor are satisfied that everything is in order and nothing has changed, they will be able to exchange contracts and deposit monies, meaning that the purchase/sale becomes legally binding.
Step 8: Organise removals and utilities.
Now is the time to book your removal company and tell your utility providers that you are moving out of the property. This is also the time that many people begin properly packing, as the sale is now legally binding.
Sep 9: Completion & moving day.
Completion is the day that all monies are transferred between each party. You can now pick up the keys to your new home and your buyer will collect their keys. Often, monies are not transferred until after 12pm, so this is a day to be patient as keys cannot be released until all funds have been cleared and the estate agent has been instructed to release keys by the solicitor.
Congratulations, you have officially moved!
