Step-By-Step Guide to Selling
Selling your home can seem a daunting process. However, here at Space Estate Agents we guarantee that we will be with you every step of the way. Our goal is to make the selling of your property run as smoothly as possible; we will keep you in a constant loop as we believe that communication is key to an effective sale. When you decide to sell your property with us, this is a step-by-step guide for what to expect:
- Making the initial decision to sell your property
Great! You’ve decided to sell your home. The is the first step in your selling journey. Whether it is your first time selling or you have had experience, we will be at your side throughout the whole process.
- Staging your property for sale
We cannot stress the importance of this enough. Preparing your home for sale not only makes you sell faster but sprucing up your home can also make it more valuable. Here are some tips for getting your property ready for potential buyers:
When potential buyers come to visit your property, you want to maximise your chances of selling by removing clutter from around the house. An excess of personal items may make the rooms seem smaller. You want to ensure that visitors can imagine themselves in your property, so it might be a good idea to hire a storage unit to keep some of your things throughout the viewing process.
- Neutralize the decor
Once you have de-cluttered, the next step is to give your home a fresh lick of paint. Be careful! Don’t go overboard; a simple neutral colour will do and make sure to focus on each room equally. If you spend a lot of money doing up one room, the other rooms will stand out in comparison (not in a good way). Potential buyers may be put off by the prospect of a property which requires considerable work doing to it.
- Squeaky clean
A clean house is imperative. Find the number of a local deep cleaning company; a spotless kitchen, living room and bedrooms will make a huge difference.
- Don’t forget the garden!
The outside of the property is just as important as the inside. Make sure both the front and back garden are well-kept. Fences should be freshly painted, grass cut, surfaces jet washed, and weeds removed. It is also a good idea to check your house numbers. If they’re rusty, this is one of the first things a potential buyer will see and can be off-putting.
- Instructing an estate agent and get your property valued
Once you have de-cluttered and prepared your property for sale you will want an idea of how much it is worth. This is where we come in. We can come to your house and provide you with a realistic valuation, free of charge. Our team of experienced agents take various factors into account when valuing your property; with over 30 years combined of first-hand experience in sales and lettings, you can feel confident that we will provide you with the best valuation possible.
- Setting your asking price
Ultimately, it’s up to you to decide your asking price. However, here at Space Estate Agents we seek to guide you in your decision with an honest and realistic valuation. We don’t want to waste your time; we won’t overvalue your property. We will be transparent with you from the offset and advise you with rational figures.
EPC stands for Energy Performance Certificate. Whenever a property is built, sold or bought, an EPC must be ordered for potential buyers and tenants before you put your property on the market. An EPC presents information about a property’s energy use and typical energy costs; properties are ranked from A-G, with A being the best.
You’ll need to find an accredited energy assessor if you’re putting up your home for sale in the UK. The assessor will rank your property and produce the certificate. If you do not get an EPC when you need one, you can be fined.
- Put property on the market
Once you have instructed your estate agent and have obtained an EPC, it’s time to get your property on the market! We will send a photographer to your home to capture photos which showcase its best features. Now that you have spruced up your home, it’s time to invite potential buyers to view your property. Make sure the house is tidy and try to keep pets away, observing these steps will boost the likelihood of an efficient sale!
- Accept an offer
By law, we are obligated to pass all offers on to you. You don’t have to accept your first offer; you are free to reject it outright and seek a better offer. We can also try to negotiate it to a higher price. When you receive an offer you are happy with, you must formally accept it. Accepting this offer is not legally binding, however. If you receive a higher offer, you can accept this later (a process called gazumping).
- Hire a conveyancing solicitor
The conveyancing solicitor manages the legal work involved in selling a property. The solicitor will devise the legal contract which ensures the transfer of ownership from one party to another. Once you have hired the solicitor, you will have to complete paperwork regarding the property and the sale. This will include questionnaires and forms.
- Exchange contracts
This is the last legal part of your selling journey. Once a contract is devised which both parties are happy with, both sides must sign the final copies and send them to each other. Once the exchange takes place you are legally bound to the contract and neither side can withdraw without paying compensation.
A date will be arranged for the exchange to occur.
Once the property changes ownership and you accept the payment, hooray the sale is complete! It’s time to hand over the keys. When the sale is complete, the money is transferred from buyer to seller, and deeds between the estate agents and conveyancing solicitor are settled. Congratulations, you’ve sold your property!