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How to Sell my House in 6 easy stepsStep 1 Selling a house in the UK > Step 2 Taking Photographs > Step 3 Plan viewings > Step 4 Negotiation > Step 5 Accepting an offer > Step 6 Completing the sale
All properties sold in the UK, apart from Scotland where the whole process is simpler and faster, follow the same basic steps for purchasing a property. The amount of time this takes can vary considerably, but usually it takes about two to three months. Selling a house in the UK , apart from in Scotland which is generally far easier, a general procedure leading up to the sale is as follows. 1) Vendor (Seller) puts property on the market. A 'For Sale' board is erected. 2) Viewings are conducted of the property with potential buyers. 3) An offer is put forward, often after some negotiation this is accepted by the Vendor. 4) Confirmation is sent to both the Vendor and Buyer stating the agreed price. 5) The 'For Sale' board is changed to 'Sold'. 6) New buyer arranges mortgage, this may be arranged in principle already. 7) New Buyer arranges a survey to be carried out on the property. This is normally done by the mortgage lender. 8) Vendor's solicitor prepares a 'draft' contract with proof of ownership. Vendor carries out a 'fixtures and fittings' list and returns to solicitor. 9) Searches with local authorities are carried out by New Buyer's solicitor. 11) New Buyer signs their new mortgage agreement. 12) New Buyer's solicitor checks draft contract, authority searches and other relevant documents. 13) Contracts are exchanged and the New Buyer pays a deposit - usually a percentage of the agreed price. 14) Completion. The New Buyer's solicitor sends the balance of the purchase to the Vendor's solicitor. Keys can be collected and you are free to enter property.
Potential buyers sometimes make an instant decision, based on photographs. Therefore it is worth making every photograph count to present your house to its highest potential. Try to take three or four photos of each room and select the best one. Ensure you have plenty of light so the pictures come out clear. If indoors try using the flash. Garden Clear the garden of children's toys and clutter. Keep the driveway clear. Move cars away while you take some pictures of the house. Loose the wheelie bin. Arrange the patio furniture to give idea of living space and cut the grass. Inside Each room should be clutter free. So remove it for the purpose of the photographs. Family photographs and personal items should be removed including children's toys.
Potential buyers sometimes walk or drive around an area of interest, a board outside your property will show them you are on the market with 'Our Property Move' so they can find more information. Flats
Most potential buyers arrange a viewing of a property before they place an offer forward, although developers are sometimes confident enough to do so. It is therefore essential to organise the house well entice buyers. Wow Factor Décor Pets Tidy Up Small Talk Bedrooms Revisits Questions The offer Bottom line Conditions
Negotiating on price is general procedure when buying or selling a property. Some people feel confident when it comes to putting forward and offer but some are intimidated. Our Property Move allows you to put an offer forwards in a way that suits you, either by post, email or telephone. Simply remember a house is only worth what someone is prepared to pay for it. By planning ahead you will already know what your bottom line is and your idea price. Take into consideration the potential buyer's position and respond with a yes or no. They will often place a low offer to get a reaction from you first. Our Property Move allows you to negotiate with the potential buyer and sometimes this can save time and any conditions can be noted and forwarded to your solicitor instantly.
Once an offer has been accepted a 'memorandum of sale' should be sent to both the buyer and seller. The memorandum should include the following:
This can be done during a visit at the property so that any conditions of sale can be arranged. Your solicitor will do the rest so don't worry too much. The most important thing is to have an agreed price.
This area is completed by each party's solicitors. Any documents will be sent to you for signing and you will be kept informed on the proceedings generally by letter. The date to exchange contracts is agreed by both parties and a completion date set. Once both contracts are exchanged and the completion date arrives only hand over your keys once instructed by your solicitor.
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