Selling a Property
Step by Step guide to selling a property
Step 1 – Arranging a Valuation
One of our experienced team will carry out a market appraisal on your property free of charge.
Please call 01642 791119/ 01642 750065 to arrange a convenient time.
Step 2 – Home Information Pack (HIP)
You should be aware that before the property is placed on the market you will require a Home Information Pack. (HIP) Don’t worry we will be able to provide these for you. You can pay either upfront or use our deferred payment facility.
Step 3 – Marketing
On receipt of our signed terms and conditions and approval of the brochure produced we will start marketing your property immediately. All properties are advertised on our own website, Rightmove, findaproperty.com and Fish For Homes. We would also circulate the property details to prospective purchasers from a list we hold on our substantial database.
Step 4 – Instructing a Solicitor
It is advisable to instruct a solicitor once you have an accepted offer but you may wish to think about contacting local solicitors to obtain relevant quotes as this will avoid delays and allow time for the collection of necessary documentation.
We have a selection of tried and tested solicitors that are experts within property transactions. We would be more than happy to provide you with a recommendation.
Step 5 - Viewings
A dedicated member of our sales team will be responsible for arranging all your viewings. We are extremely flexible and can assist you if you are unable to carry out the viewing yourself. A member of our qualified team would be more than happy to accompany any prospective purchasers on viewings.
We will be responsible for updating you with feedback from all prospective purchasers.
Step 6 – Receiving an Offer
As soon as we receive an offer you will be notified both verbally and in writing.
Step 7 – Agreement to Sell
Once you have accepted the offer we will produce a memorandum of sale, which will be issued to both parties and you appointed solicitors.
It is important to ensure that details of any extras included or excluded in the sale are specified on the memorandum. It is advisable that an idea of anticipated exchange and completion dates are given as a guide.
You should be aware that at this point no legal obligations apply on either side until contracts are signed by both parties.
Step 8 –Drafting Contracts
Your solicitor will send out a draft contract and the HIP for your property to the purchaser’s solicitor who will carry out any preliminary enquires.
Your solicitor should then collate all supporting paperwork (where applicable) ie: title deeds, copy of lease, fixtures and fittings list, seller's questionnaire, planning consent, guarantees, copy of building regulations and share of freehold certificate. A lot of this information should already be contained in the HIP.
It is important that you review your insurance needs as it is a formal requirement that you have buildings insurance in place prior to completion. Please feel free to contact a member of our team to arrange this for you.
Step 9 – Exchange of Contracts
Your solicitor will arrange an appointment with you to sign the contracts. The contracts are signed by both the purchaser and the seller. At this point your deposit is usually transferred to your solicitor’s bank account either by telegraphic transfer or banker’s draft. Most buyers do require a mortgage. Contracts will not be signed until the solicitor has confirmed that the available funds are ready for completion.
The completion date will then be set
Step 10 – Completion
Generally the completion date is set a few days after exchange of contracts depending on individual circumstances.
Monies are transferred between the purchaser and the seller’s solicitors, once this has occurred the property has legally been sold.
Congratulations, you have just sold your property.