Sales Process for Vendors

Property Valuation
The first step in the sale of your property is to contact us in order that we may carry out a free, no obligation property valuation. On the valuation we will be able to advise you about the value of your property, current market conditions, how to maximise the selling potential and our Terms and Conditions of Business. We will also advise you about current legislation and the sales process.

Energy Rating
As of June 1st 2007 all properties being marketed for sale have to be energy assessed. Prior to marketing your property you will have to appoint an energy assessor to give your property an energy rating. On the market appraisal we will be able to provide more information regarding the criteria for the energy assessment rating and help you in instructing an energy assessor. All energy ratings must be displayed on marketing literature for your property.

Once you have decided to instruct us in the sale of your property we ask that you return our Terms and Conditions of Business and Sellers Information form (which we will have provided to you) completed and signed as appropriate and the Home Information Pack. Once these have been received we will commence marketing your property.
We will then arrange to have pictures taken of your property and prepare the sales particulars for your approval. Once you have approved the sales particulars of your property we will add the details to our website and property listing. We will also advertise your property on the other websites to which we subscribe and wherever else we feel is appropriate. We may already have pre-registered applicants for whom we can arrange viewings immediately.

We will arrange for potential pre-qualified purchasers to view your property. All viewings will be accompanied by one of our negotiators. We will always endeavour to arrange a time that is convenient for you and if necessary, outside of our usual office hours.

Under the Estate Agents Act 1979 we are obliged to report all offers we receive from prospective purchasers in writing to you. Once you have agreed an offer with a prospective purchaser we will ask you (if you haven’t already done so) to instruct your Solicitor so that they may commence the conveyancing for the sale. We will also prepare a Memorandum of Sale confirming the details of the proposed sale and send it out to the parties concerned. Please note all offers are SUBJECT TO CONTRACT.

Conveyancing is the term that refers to all the legal and administrative work associated with transferring the ownership of the property from one owner to another. The conveyancing process starts after an offer has been made and accepted for a property, and solicitors’ details have been exchanged by the two parties.

Exchange of contracts
The exchange of contracts is the moment when the transfer of title/ownership happens. At this point the deposit – which is normally 5-10% of the purchase price – will be forwarded to your solicitor. The exchange of contracts is usually followed days or weeks later by the completion date, but the two stages in the home-buying process can be combined. The date for completion will also be set at the point of the exchange of contracts. In the exchange of contracts, the buyer signs the contract for sale and sends it to the seller who also signs it – both parties are then legally bound to complete the transfer.

On the completion day, you will receive the outstanding amount of the purchase price either transferred directly into your account or forwarded to your solicitors and you will vacate the property and hand over the keys.

The costs involved in selling your property can include the following:

Home Information Pack Fee Estate Agents Fee Solicitors Fee Capital Gains Tax (If the property is not your main/principal home) Removal costs

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