Selling Process

Preparing your home

Everyone has a different reason for selling their property, from simply wanting to move home, downsizing or selling an investment property.

Once you have decided to sell you will need to think about what you want to include in the sale. Fixtures and fittings such as carpets, fitted wardrobes and built-in appliances are included in the price but other moveable items, for example, curtains can be offered for sale separately.

De-clutter, if you are going to get rid of items you no longer need, then do so before you start marketing your property, as the less clutter you have the faster your house will sell.

How much is my house worth?

You want to make sure that not only do you get the best price for your home but that it is also realistically priced. That is why you should use always use a Licensed NAEA agent such as Leek & Weston who keep up to date with the latest developments in the residential estate agency market and changing legislation and can give you expert advice on your property’s value.

Do your research; look at sold house price guides for properties in your area online, look at what similar properties in your area are currently being marketed for.

Request your FREE – No Obligation – Sales Valuation. Call: 01443 492229 or use our Valuation Request form.

Putting your house on the market

If you're planning on selling your home, you must have an Energy Performance Certificate (EPC), this gives information on the energy efficiency of a property using A to G ratings, with A being the most energy efficient and G the least efficient.

The certificate is produced by an accredited domestic energy assessor and copies must be provided to any potential buyers.

Offers

It is normal practice for a potential buyer to offer a lower price for the house than the seller is asking. You might therefore want to allow for this by setting your price a little higher than the amount you would like to get.

Once a buyer’s offer has been accepted, the seller will need to instruct a conveyancer who is responsible for drawing up a legal contract to transfer ownership.

Depending on the amount given for the property, the buyer may have to pay stamp duty land tax.

Conveyancing

The seller’s conveyancer is responsible for drawing up a legal contract to transfer ownership; the contract contains details about:

  • the sale price
  • the property boundaries
  • which fixtures and fittings are included
  • any legal restrictions or rights, like public footpaths or rules about using the property
  • any planning restrictions
  • services to the property, like drainage and gas
  • when the sale will complete

Exchanging contracts

When the buyer and seller are happy with the contract, both sides sign final copies and send them to each other; that is, exchange contracts.

The agreement to sell and buy is legally binding once this happens. Usually neither party can withdraw without paying compensation.

Completion

Once you exchange contracts and deal with any remaining checks the buyer has asked for:

  • The money is transferred from the buyer to the seller.
  • The legal documents needed to transfer ownership are handed over to the buyer.
  • The seller moves out and leaves the property in the condition agreed in the contract.
  • The seller arranges for the keys to be handed over the buyer.
  • The property now belongs to the buyer.

Should you require information on mortgages.

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Should you require a conveyancing quote:

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We can be contacted on our dedicated telephone number: 03304 450564 or by email at: leekandweston@conveylaw.com

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