Selling your property

The idea of selling your home might seem like a nerve-wracking experience, yet it’s something most of us will need to do at some point in our lives. So, we've put together a simple guide to help you understand the selling process. Once you've read it and feel confident talking to an estate agent, pop into your local estate agency branch. Our advisers have years of experience helping customers move home and they make the whole process as smooth, simple and stress-free as possible.

Step 1 - get your home valued

It’s important to get the price right when your home goes on the market. Too high and you could be waiting many months, and then when you reduce your price many buyers will wait for it to come down further. Too low and you’re simply losing money.

How we can help

  • Free valuation
  • In-depth understanding and analysis of the local market
  • We’ll aim to achieve the very best possible price for your home.

Step 2 - appoint an estate agent

Pick your estate agent on the basis of how they’ll conduct viewings, the strength of their high-street presence, their understanding of the area, what kind of marketing they’ll give your property and how they will help you become financially and legally prepared for the sale.

How we can help

  • Large network of branches across the region
  • Expert advice on how to present your home
  • Dedicated contact throughout the whole process
  • Maximum exposure to potential buyers
  • Ability to arrange Energy Performance Certificate
  • Effective marketing for your home
  • Help you plan your finances for the move
  • Help you to pre-register with a solicitor/conveyancer so that the sale can proceed quickly and smoothly.

Step 3 - getting your home ready

First impressions do count. Subconsciously, things like brightness and cleanliness are noted immediately.

Our top tips

  • If paintwork is chipped or walls marked, give them a fresh coat of paint
  • Tidy up the outside of your home
  • Cut back the garden, mow the lawn
  • Remove all clutter from rooms
  • Take pets’ beds outside
  • Dust and vacuum everywhere
  • Keep it all tidy

Step 4 - make sure your home is marketed thoroughly

Your home should be marketed in a number of ways to make sure as many potential buyers as possible see it. These should include the places buyers are most likely to look – local papers and online. It’s also a good idea to pick an estate agent with lots of potential buyers, a company with a strong local name.

How we can help

  • Full colour details of your property in our branches
  • Online advertising on property websites
  • Local newspaper advertising
  • Large database of potential buyers
  • Eye-catching ‘for sale’ board

Step 5 - receiving an offer

When you receive an offer it’s a huge decision about whether to accept it or not. You should be able to trust your estate agent enough to talk things through with them. Remember, they’re acting on your behalf.

Once you do receive an offer, it will need to be confirmed in writing. Your estate agent should check that the buyer is able to proceed and should confirm their position. Do they have an Agreement in Principle for their mortgage? Do they have a property of their own to sell?

How we can help

  • We’ll advise whether it’s worth holding out for a better offer
  • We will let you know the status of the buyer as soon as they make an offer

Step 6 - accepting an offer

Once you’ve accepted an offer your home is ‘sold, subject to contract’, but you or the buyer can still withdraw from the transaction. To secure the sale we need to get you to exchange contracts without delay. We will confirm the details of the sale in writing to you, your buyer, and both solicitors.

How we can help

  • Because we’ll work with the solicitor/conveyancer to move things along quickly, there’s less chance the sale will fall through. But if the worst did happen and you are using one of our panel of solicitor/conveyancers there’s nothing to pay – because they work on a ‘no sale-no fee’ basis.
  • You’ll save yourself hassle by having your estate agent and solicitor/conveyancer communicating closely
  • No need to attend meetings – we’ll keep track of things on your behalf. Now is also the time to talk to a removal firm

Step 7 - progressing the sale

Your buyer will begin carrying out any surveys they need on your property. Your solicitor/conveyancer will now send the buyer a draft contract which lists the fixtures and fittings included in the sale. We stay in close touch with all the parties so things don’t start to go quiet or drift.

How we can help

  • Because effective communication is at the heart of a successful sale, we will give you a single point of contact who will progress the sale from start to finish, saving you all the hassle of chasing things up
  • Your contact will update you regularly on where your sale has got to, so you’re aware of any snags or hold-ups

Step 8 - exchanging contracts

When the contract is ready, you and the buyer will both need to sign it. Your buyer’s deposit will be transferred to your solicitor, who will then hold it until the sale goes through. A completion date will also be set at this point. Once the contract is signed, both you and the buyer are legally bound by it.

How we can help

  • Your point of contact will ensure any unnecessary delays are dealt with early in the process
  • We’ll help you exchange contracts as quickly as possible – things can often go slowly before reaching this point, but we will endeavour to keep the whole process moving smoothly

Step 9 - completion

That’s it. The balance of the sale price will now be paid to your conveyancer or solicitor. As soon as they receive it, they’ll let the estate agent know and release the keys to the owner. Then it’s time to move out.

How we can help

  • We will make sure we are available the moment your conveyancer releases the keys to the buyer
  • Whatever your next steps are, The Nottingham can help you plan for the future. Remember, we’re much more than just an estate agent

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