Navigating the process of selling your home

According to research conducted by Bosch, by your eighteenth birthday, you would have moved twice, before living in three different houses during your twenties. However, for some people, moves take place a lot less often, Zoopla, one of the UK’s leading property portal and property websites found that Britons move home on average every 23 years. This lengthy national home moving average will not come as a surprise to many given the various political and economic uncertainties the country has faced over the years, it’s no wonder people have chosen to stay where they are.

However these figures do vary from region to region, take for example homeowners in Powys, Wales, who’re content with where they live and stay living in one home for the longest, at just over 33 years whilst the Scots, those particularly living in the Midlothian region are the most frequent movers, where properties are changed up in just under 15 years, less than half the time of those living in the Welsh region.

Moving a little closer to home, last year we sold a home for a client in Farnborough, who had purchased her home back in the late 1990s – well over two decades ago and we’ve dealt with many more similar instructions since. If you haven’t sold your property for a while, then it can be an extremely daunting prospect, particularly intensified with the recent effects of the pandemic on the housing market. However don’t be deterred if you’re thinking of dipping a toe in the water, here we try to demystify the process with our simple guide to selling your home.

Select an estate agent

There are a now a huge variety of options for selling your home, from using traditional high street estate agents through to cost-effective online estate agents, to even selling your home yourself. Think carefully about what type of support you would need and get valuations from at least three different estate agents.

Prepare your home

Your estate agent will prepare full details of your property, which should include unlimited photographs taken by a top-spec SLR camera and ultra-wide lens. We’ve touched upon this idea before (for further advice check out our previous articles ‘Selling your home: 5 Expert tips to prepare your house for a Spring sale’ and ‘Boost your home’s kerb appeal in 7 easy steps) but a little tidying up and decluttering can go a long way in making your property more appealing.

Arrange an energy performance certificate

All properties must have an Energy Performance Certificate (EPC) within 28 days of going on the market. Your estate agent can usually source an assessor for you, or you can find a provider of your choice online. Check 4 Houses can for as little as £85 + VAT arrange a Domestic Energy Assessor to provide an EPC for your property at a suitable time for you.

Secure a sale

Your estate agent will receive an offer(s) from prospective buyers and will negotiate with them on your behalf to agree on a price that is acceptable to you. Once you have agreed on a price and the offer is proceedable, (i.e they have nothing to sell, or have already sold) you will need to instruct a solicitor who will handle the legal side for you.

Hand over to the solicitors

The rest of the process will be handled by a solicitor with your estate agent keeping fully abreast of progress. The Solicitor will conduct various searches (like a Local Authority Search) prepare contracts and keep you informed throughout. Once the majority of the legal work is completed, your solicitor will contact you to advise that you’re ready to exchange contracts and agree on a date for completion. At the point of exchange of contracts, the purchase becomes legally binding, and deposits (usually 10%) are paid.

Complete the sale and move house

Before the completion, you’ll need to provide the solicitor with the remaining balance for any property purchase you’re making. On completion day, the sale of the homes in your chain will move through sequentially, and your solicitors will also receive any additional mortgage funds directly from your bank. Your solicitors will pay any stamp duty owed directly on your behalf.

You’re then free to pick up the keys and move in!!

Here at Check 4 Houses, we go out of our way to provide you with the best advice and guide you through the whole selling process. With the knowledge of a local high street agent, but the costs of an online estate agent, Check 4 Houses can sell your home for just £699 + VAT or 0.5% + VAT and save you thousands.

For any more advice or a free valuation of your home, then please give us a call on 01252 819725, we’d be delighted to help.

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