This is the first step when deciding to sell your property. We encourage you to comprehensively consider all factors which will be unique to your circumstances. One of the most important considerations is to understand how much your property will be worth in the current sales market and understand all the costs involved in selling your property. To get this right you will need to understand the local property market and the current demand. As a Vendor, there are a number of documents that need to be in order, your agent can advise you what you need to do. If the balance works in your favour, then your next step is to appoint the right agent to help find you find the right buyer.
The right agent will act as your partner in this venture and will do their upmost to protect you and navigate you through the process with due diligence and correct guidance. Our experts will advise you on everything you need to know to achieve the best outcome. You need to consider the individual you will be dealing with as they will be you first port of call throughout the process and will be able to give you the right advice every step of the way. Their knowledge of the area, existing connections and marketing reach are other important aspects to consider as they will ensure that your property is being offered to the right target audience to achieve you the best possible price.
You will need to instruct a conveyancer who will complete the necessary legal work involved in the selling process. We advise that you choose one through recommendation or past experience where possible. Having a property solicitor in place from the time of instruction can reduce delays. Instructing a solicitor that is partnered with your agent can help to speed up the process.
Presenting your property in its best light can speed the process up, attract buyers and maximise results. We advise that all repair work be completed before viewings take place and that the property is kept in a clean and tidy condition and is well ventilated. Prospective tenants remember how a property makes them feel as well as how it looks so a well-presented property will give you the edge over the competition. Being able to access the property fluidly at short notice will heavily improve your chances of finding a buyer quicker. Leaving a set of keys to the property for your agent at the point of instruction along with occupants’ details (if applicable) will support fluid access.
Once your property has been photographed and floorplans drawn up, your property will eb ready to go on the market and offered to existing clients. Your agent will be able to advise you on the best strategy to find you a suitable buyer based on what’s right for your property in the current market conditions. Viewing will take place and you will be kept up to date with feedback from buyers. Market conditions can change during this period, and it is important to listen to the advice that your agent gives and consider any adjustments and recommendations. Ultimately you both have the same goal.
Any prospective buyer will place an offer through your agent who will also do the due diligence, this will be communicated verbally and in writing. Considerations as to whether you should accept the other include the price that is being offered and the buyers position. Once you have considered and accepted an offer made; your agent will request solicitors/brokers details on both sides and run AML checks on the buyer. You will then be issued with a memorandum of sale to all parties including solicitors.
Your agent will touch base throughout the relevant milestones in the transaction to offer assistance and guide the relevant parties through the transaction to ensure the process if running smoothly and on time. Once you’re ready to exchange your agent will agree a completion date where we will arrange keys and access on completion.
There are a lot of things to consider as a vendor, it is important to be aware of your rights and obligations. We recommend you read and ensure you understand all of the paperwork issued to you and if you have any doubts, you should seek independent legal advice. The government has issued information which you will need to consider available on the following link https://www.gov.uk/government/publications/how-to-sell-a-home/how-to-sell-a-home.