Vendors Guide
- Establish the value of your current property
- Select an estate agent
- Preparing your property to maximize its sale-ability and/or price
- Conducting viewings
- Negotiating the deal
- Completing contracts
Establish the value of your current property
A realistic assessment of the value of your property is an important first step to ensure you understand how you will finance your home move.
Whilst local property newspapers and websites can be used to provide an indication of what your property might be worth, you will need the
experience of a professional estate agent to get a more accurate and realistic assessment of its real value. We will be happy to provide you
a free , no-obligation, property appraisal.
We can meet you at your property a time that best suit your needs. Our appointment with you would typically take between 30-60 mins and
would include a detailed inspection of your property. At our meeting, we will discuss the specific needs relevant to your own situation
market forces and current demand, previous transactions in your street and activity levels with other property similar to your own.
This information will help us advise you on: the potential value range applicable to your property anything you could do to enhance
this value, and a recommended marketing strategy that suits your particular objectives. Any questions or concerns you
have can also be addressed at this meeting
Select an estate agent
Having established the value of your property and decided to go onto the market you will need to choose us as an agent to act for you.
A successful agency will have a comprehensive marketing strategy and methods, professionally qualified & courteous staff and a
realistic expectation of what the market can achieve. With us, you only pay commission when we successfully sell your property
and you’ll always have access to a specialist team dedicated to sales. But, beyond that, we provide a significantly higher level
of service that you would typically expect from a traditional estate agency.
Contact us to find out more about what we offer you
Preparing your property to maximize its sale ability and/or price
The majority of buyers now use internet property portals to search for a home. Therefore the visual imagery used with these listings
are the first taste of your home a potential purchaser is likely to experience and this will be hugely influence whether
they contact us to arrange a viewing.
Preparing your home for photography and other visuals we develop (such as videos) is therefore one of the most important actions
you can take to maximize your chances of attracting interest. With us, you don’t have to as we can do all this for you as part of
the instruction process. Our consultant will allow enough time to work through your property on a room-by-room basis to carefully
consider the best layout of furnishings, removal of personal items and the best aspects to capture. Room dimensions and details
will be recorded and a plan of the property will also be drawn.
Conducting viewings
Estate Agents commit huge amounts of time and money towards marketing properties to prospective purchasers with the prime
aim of encouraging them to view the property.
We will discuss with you the best times of the day & week to present your property and do our best to steer appointments
around these times. Many considerations need to be made, including your normal weekly patterns.
Negotiating the deal
Any offer received will be put forward to you verbally at the first available opportunity, and in writing within twenty-four hours. You will
need to make a response to any offer. If the initial offer is rejected and the purchaser decides to increase their offer, the process
will simply be repeated.
We will make all best endeavours to qualify purchasers in advance of any viewings but at the very latest, at offer time. By “qualify”
we mean that we will formally check their status and ability to proceed with any offer they make. You will need instruct a
solicitor/conveyancer to act for you in the sale. It is only when this information has been provided and we have contacted the
necessary parties for verification of your purchasers’ situation that we will consider whether it would be pertinent to stop
showing your property to other prospective purchasers.
It is at this stage that we will try to make you aware of any chain implications and the likely timescale of any agreed transaction. Due to
the nature of the buying process, it is important to note and understand that any information provided by us concerning the transaction
chain is not guaranteed and could change at any time. However, regular liaison will be made with legal parties acting on both your and
your buyers behalf to ensure we can keep you abreast of progress on a timely basis.
Completing contracts
Once you have accepted an offer the legal process starts to arrange for contracts to be drawn up and agreed, to confirm payment is
made for your property, and that legal title is properly transferred to your buyer.
To support these activities you (and your buyer) will need to instruct a solicitor or conveyancer to do this work on your behalf. The
choice of who will act for you is entirely at your discretion but to help you with this, we promote a range of different and very
competitive conveyancing options. Please contact us for further information.
Summary of the legal process
In summary, the overall legal process to exchange and complete contracts with your buyer generally takes the following steps:
Terms are agreed between Seller and Buyer and both parties instruct their conveyancer to work for them.
The Seller’s conveyancer obtains the Seller’s title deed and prepares the draft Contract for the Buyer’s conveyancer to approve
The Seller’s conveyancer send to the Buyers conveyancer the draft Contract together with rest of the documentation needed to
form the overall contractual package.
The Buyer’s conveyancer reviews the detailed terms of the Contract, does the Searches and reviews the results, confirms that
there is a Sale Offer in place, and also checks the readiness of any dependent sale (in the same chain) to proceed.
Contracts are then signed and exchanged at which time a Completion Date is agreed between both parties.
The Transfer Deed is prepared by the Buyer’s conveyancer and approved by the Seller’s conveyancer, and then signed in
readiness for the Completion Date.
The Buyer’s conveyancer obtains the funds for the purchase from the Buyer.
On the Completion Date the Buyer’s conveyancer sends the required funds to the Seller’s conveyancer (on behalf of the Seller).
When receipt of these funds is confirmed by the Sellers conveyancer, the purchase is deemed compete and the Buyer
can take legal occupation.
The Buyer’s conveyancer pays any Stamp Duty due, and registers the Buyer as the new owner of the property at the Land Registry
Our advice: The time it takes to progress through this stage is dependent on various factors but the entire process could take
at least 2-4 weeks. However, to speed up the process from your end, we recommend you instruct legal representation prior to
finding a buyer as there are various things they can do well in advance, and hence save time later. This includes calling for
your title deeds office copy entries and various other documents all of which can take some time to get hold of. Its worth
completing various documents in advance such as the “Sellers Property Information Form” and “Fixture Fittings and
Contents” declaration as these will also help speed up things later.
Please contact us for any further information, advice or help you may need to help you with buying your next home.