Step-by-Step Guides for Sellers
Step 1. Accurate valuation
Your aim should be to sell your property at the best possible price in the shortest possible time. We have intimate and unparalleled knowledge of property values in your area.
Step 2. Selecting an estate agent
When choosing an estate agent, consider their opening hours and when they will be available to conduct viewings, These are critical to obtaining the maximum exposure and price for your property.
You should also check if your agent will organise your government-required Energy Performance Certificate. You must have an EPC before your property can be marketed.
Step 3. Instructing a solicitor
A successful property sale will often be reliant on the instruction of an efficient and experienced solicitor. Properties on the Market work with a number of experienced and specialist property solicitors
Step 4. Presenting your property
First impressions count. Before any viewings of your property a good property agent will provide you with guidance on how to ensure your property makes the best possible impression.
Step 5. Marketing your property
To get your property out there to the right kinds of buyers you’ll need plenty of exposure, especially if you are looking for a quick sale. Contact us to find out more about marketing your property with Properties on the Market.
Step 6. Accompanied viewings
Properties on the Market never sleeps, and this allows us to maximise viewing opportunities for your property, with 38% of our viewings carried out after normal working hours and at weekends.
Step 7. Receiving an offer
As soon as an offer is received we will notify you both verbally and in writing.
Any special conditions of the offer will also be stated in writing and we will check the buyer's ability to proceed before you decide whether to accept the offer.
Step 8. Offer agreed
Once you accept an offer we will do the following:
- Prepare a memorandum of sale
- Write to all parties to confirm the agreed price
- Ask you to confirm your solicitor's details
Your solicitor will send out a draft contract to the buyer's solicitor who will then carry out preliminary enquiries. At this stage you will also be able to agree on dates for the survey on your property, exchange of contracts and proposed date for completion.
We will advise you and negotiate on your behalf throughout this process, keeping you informed every step of the way.
There are no legal obligations until contracts are signed.
Step 9. Exchange of contracts
Exchange of contracts occurs when the following have been confirmed and agreed:
- Preliminary enquiries following receipt of draft contract
- Evidence of a good title
- Specific issues highlighted in the Lease, if applicable
- Local search queries
- Fixtures and fittings to be included in the sale
- The buyer's mortgage offer
Once the contract has been signed by both parties the deposit (usually 10% of the purchase price) will be transferred or paid in the form of a banker's draft by the buyer's solicitor to your solicitor. The completion date is then set by mutual agreement.
Step 10. Completion
Completion is when the residual monies (usually 90%) are transferred from the buyer's solicitor to your solicitor's account.
Congratulations, your property is now sold!