Here are the essential tips to selling your property:
1. Get your home
ready
Make sure your property is clean, tidy and clutter-free,
with ‘kerb appeal’. Consider getting a survey done on your property - so you
can either fix any problems, or use it to attract buyers by demonstrating how
good the condition of your house is.
If you are selling privately, create an information pack
with property details plus facts and leaflets about local amenities - including
leisure facilities, transport and schools. Also take high-quality photos of
your house that capture all its best features.
2. Decide on your
house price
Set a realistic asking price by researching similar
properties for sale in your area. See the page of this guide on your house
price for more.
In a slow market, use price points or offers to attract
buyers. For example, if your property is priced at £265,000, offer to pay the
additional 2% stamp duty, or make sure that your property is the best value for
its kind in your location.
3. Pick a good buyer
If several prospective buyers are interested in your home,
pick the one who’s most likely to see the process through, not necessarily the
one who makes the highest offer.
In order of preference, the safest buyers are buyers who’ve
already sold their house, first-time buyers, buyers who have sold their home
subject to contract and buyers who have not yet sold their home.
4. Be clear what’s
included in the price
After you've attracted a buyer, make sure they understand
exactly what’s included in the price. This means things like fixtures and
fittings. What exactly are they getting for their purchase price?
5. Agree a completion
date
Establish a likely completion date that suits both parties.
This will avoid arguments further down the line. While this doesn't need to be
set in stone, it will give both parties something to work towards.
6. Get it in writing
Although not legally binding, this will record your
intentions on matters such as finance and date of completion.
7. Choose a
conveyancer
Conveyancing is the legal paperwork to transfer the home to
or from your name. Use a recommended solicitor or licensed conveyancer. If you end up using a solicitor, make sure
they’re a specialist conveyancer and have a good reputation for moving quickly.
8. Keep in touch
Keep communications going. Don't disappear on holiday for
two weeks without informing all interested parties, such as your estate agent
and the buyer.
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