Here's some help navigating through, what can be, a tricky selling process. We hope you find these tips helpful.
Advice for sellers
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First of all, you need to organise a valuation to find out how much your home is worth. Once this is done you should agree with terms and conditions to instruct an estate agent to find you a buyer. During the valuation, find out about the services the agency offers, the current state of the local market, and the sale price you can hope you achieve. Consider your priorities and timescales and agree with a marketing plan with the agent that meets your needs.
There are three main costs involved in selling a property:
- Estate Agent Fees
Estate Agent Fees will either be a percentage of the purchase price, or a fixed fee. When estate agents visit to value your home, make sure they outline their fees so you can take these into account. - Energy Performance Certificate (EPC)
You are legally required to provide an EPC when you market your property for sale. This outlines the energy efficiency rating of your property. Allsopp & Allsopp can organise this for you. Contact your local branch for a quote for how much this will cost. - Conveyancing
‘Conveyancing’ means the legal transfer of your property to the buyer, and you will need to employ a solicitor to make this happen. Prices will vary depending on your circumstances. Allsopp & Allsopp can introduce you to a solicitor and offer a no sale no fee conveyancing service with a guaranteed fixed price to keep everything easy. Contact your local branch to receive an accurate quote for how much this will cost.
First impressions count so put yourself in a buyer's shoes and consider how you can enhance your properties draw. Consider it’s “kerb appeal”, the first thing a potential buyer will consider before even getting to the front door. Here are some things to look out for:
- Does the front of your house need smartening up?
- Could the front garden be tidier?
- Would the front door look better with a fresh lick of paint?
- Could the front windows do with a clean?
Look at the inside with a critical eye too:
- Keep it clean and tidy. De-clutter and use sensible storage. Potential buyers want to visualise how they can fill in space
- Undertake any minor repairs that need doing so buyers will need to really try hard to find any negatives
- Bring out the best features such as fireplaces and use mirrors to increase the sense of space
- Banish smoke and pet odours. Open the windows, brew some fresh coffee and add finishing touches such as fresh flowers, to brighten up the place
- If you want to re-decorate, go for neutral tones, which will appeal to a wider audience
Your estate agent should conduct all viewings where possible, but you may decide you would like to conduct them yourself or be present. It’s really up to you?
No. The buyer is responsible for paying stamp duty.
This depends on the conditions of the offer, but ultimately that decision is down to you.
Prior to the exchange of contracts, either party is able to withdraw from the transaction. However, once contracts have been exchanged, remedies for ‘breach of contract’ would be available for the suffering party.
Your Title Deeds is proof that you own the property. They’re held with your bank or building society if you have a mortgage, and your chosen solicitor will obtain the deeds and let your buyer’s solicitor have a copy.
Once the sale has been agreed, your solicitor will draft a contract. The buyers solicitor will then check through the contract, confirm the details of the property and perform searches. At the same time, the buyer’s mortgage lender will conduct a mortgage valuation and send a mortgage offer to the buyer. When all of this is complete, you will be ready to sign the contract and agree the completion date.
You move out on the completion date which will be confirmed by your solicitor.
