1. Valuation – You need to find out the market value of your house. This can be done using our accurate online valuation reports.
2. EPC – An EPC is a energy performance certificate . We can provide this for £34.95 with one of our sales packages or £69.95 without.
3. Choosing an agent - An Agent will market and manage the sale of your property. Most agents obtain buyers from internet advising on popular UK websites. A high street agent will typically charge between 1.75% and 2.5%+VAT of your property price which is over £5,000 on a property that sells for £250,000. Our packages start from under £150.
4. Instruct a solicitor - It is advisable to instruct your solicitor at the same time as choosing your agent. This will help to avoid delays and allow time for the collection of necessary documentation involved in transferring ownership of your property. Please see our Conveyancing page for more info.
5. Viewings – UrbanSalesandLettings will market your property on the UK’s top property websites (Click here to see where we advertise) in addition to contacting interested sellers already registered on our Database. We will arrange these viewing between you and your potential buyers at convenient times. This means you can conduct viewings any time including weekends and evenings when most high street estate agents are closed.
6. Receiving an Offer - As soon as an offer is received we will notify you and we will offer any giudnace required.
7. Agreeing to sell
Once you have accepted an offer it is important that the following details are agreed:
Details of any extras included or excluded from the purchase
Date for buyer's/lender's survey on your property
Date for exchange of contracts
Date for completion
We will advise you and negotiate on your behalf throughout this process, keeping you informed every step of the way.
8. Drafting contract and supporting paperwork
Once an offer has been agreed, your solicitor will send out a draft contract and the HIP for your property to the purchaser's solicitor who in turn carries out preliminary enquiries.
Your solicitor should collate all the 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
9. Exchange of contracts
Exchange of contracts occurs when all preliminary enquiries from the draft contract and local search queries have been agreed.
Most buyers require mortgages. Once the mortgage offer has been confirmed, the purchaser is ready to exchange contracts with the seller. The contract is signed by buyer and seller and the deposit (usually 10% of the purchase price) is either telegraphically transferred or paid in the form of a banker's draft by the buyer's solicitor. The completion date is set at this stage.
10. Completion
This is generally set a few days to a few weeks after exchange of contracts, depending on the personal requirements of the buyer and seller.
The residual monies (usually 90%) are transferred from the buyer's solicitor to your solicitor's account.
Congratulations, you have just sold your property!
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