Let us guide you through each step.
The Selling Process
We believe that selling your property can be stress-free and exciting when you have the right knowledge and insights, partnered with a supportive estate agent and sales system.
Step 1. Research your local market
It is always a good idea to do your own research to understand your market so you can be confident about your decisions and trust the advice you are given. Real estate portals such as Zoopla and Rightmove are great resources for forming an understanding of your home's worth. Research similar properties in your area, both for sale and already sold, and compare them to your property in terms of price and features.
Step 2. Have your property appraised
A key first step when you are considering selling is to have your property appraised. This is an easy and informal process that will provide you with an estimated market value for your property.
Our local Viewing Specialists help homeowners answer the question “How much can I sell my property for?”
They review features of your individual property such as location, design and quality of the building, number of bedrooms/bathrooms, condition and proximity to amenities such as schools and parks. This takes approximately 45 minutes.
Our Viewing Specialists will summarise their findings and provide you with a report on the local market and an estimated value of your property.
Step 3. Choose a sale method
The Government also offers a number of schemes to help people buy a home. These include:
- Private treaty / private sale
- Auction
- Tender / expression of interest
Whilst your Viewing Specialist will advise you on the best method of sale for your property, understanding the options is important so you can make an informed decision. Your specialist’s goal is to sell your property for the best possible price, and the method of sale is key. Discussing this upfront with your specialist is an important piece of the selling puzzle.
Step 4. Prepare your property for sale
Spending time preparing each room and space in your property for sale can make a big difference in how much you ultimately sell it for. Download our “Preparing your Home for Sale” checklist to find out exactly what you should do in each room of your property.
Step 5. Obtain an Energy Performance Certificate
An Energy Performance Certificate is a legal requirement whenever a property is built, sold, or rented, and must be obtained before your property is marketed for sale.
There are some buildings which do not require an EPC, but your Viewing Specialist will be able to advise you in this respect.
Step 6. Engage a Solicitor
In order to take advantage of our low commission offer, you must utilise the services of The Law Firm Group during the transaction. If you wish to use your own solicitors, you will not be able to take advantage of our offer.
Step 7. Market your property
One of the most important factors of a successful sales campaign is the marketing plan.
Creating a marketing strategy that reaches all possible local and active buyers, as well as pinpointing potential passive and out- of- area buyers, can have a big impact on your final sales price.
A strong marketing plan could include:
- Professional photography, copy writing, floor plan, video
- Signboards
- Digital advertising
- Real estate portals
- Print media advertisements and editorial
- Drop cards and property brochures
- Email to agent’s database
Step 8. Offers received or property goes to auction
Prospective buyers will make offers to purchase your property through Kable Properties Ltd. It is important to note that offers are not legally binding until contracts are exchanged.
Step 9. Draft Contracts are issued
Once you have accepted an offer, your legal advisor will arrange to prepare the necessary draft contract documentation, which will be sent to your Buyer’s legal advisor for approval. The Buyer will then undertake searches on the Property and make any further investigations and raise enquiries on any matters which require clarification by you.
Step 10. Exchange of Contracts
Selling a property is a legal transaction and, therefore, a Contract of Sale is required to protect both the buyer and the seller. This document contains all the relevant information related to the sale of the property, including names and addresses of the buyer and the seller, conditions of the sale, and the completion date. Exchange is the point at which the buyer and seller exchange contracts, and the transaction becomes legally binding.
The Buyer will be required to pay the deposit on exchange of contracts. This is usually 10% of the purchase price, which is usually held by your solicitor until completion has taken place.
Exchanging contracts is an official legal commitment. If you withdraw from the agreement after exchange, you may have to pay compensation to the Seller for losses.
Your legal advisor will request redemption statements for any mortgage secured on your Property in readiness for completion.
Step 11. Completion
Legal completion takes place when your legal advisor has received the balance of purchase monies from the Buyer’s solicitors. You will be required to vacate the property entirely no later than the day of completion.
Step 12. Moving Arrangements
Once contracts have been exchanged, you should book a removal company if you intend to use one and contact your utilities providers.
Step 13. Celebrate a great result
Congratulations on a successful sale!
Unsure about something or still have questions? Call us on 0300 303 4889 to make your dream home a reality
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