Here’s a quick and simple guide that explains the steps required to sell your property with MoveSelf. If you want to sell your house quickly it’s imperative that you follow this guide without skipping any steps. Selling your house online, when done properly, can save homeowners vast sums of money.
1. Calculate a Property Valuation
Firstly you need to ascertain how much your home is worth. Once we know this we can then assess the affordability of selling your home to ensure it is financially feasible.
2. Assess the Affordability
Now that you know how much your home is worth, can you really afford to sell your home? Use the following guides to obtain indicative costs for each phase of buying and selling property.
3. Prepare Your Home For Listing
Ok, great. Your affordability assessment turned out well. You’ve realised that there is enough profit in your house to sell it and put a deposit down on your new home. Now let’s prepare your home for listing to ensure it appeals to the largest audience of potential buyers and gives you an optimal chance to sell your house quickly.
- How to Sell a House Quickly
- 10 Cheap Ways to Spruce up your Home
- 10 Ways to add Value to your Home
- 10 Home Improvements to Maximise Buyer Interest
4. List Your Home For Sale
Hopefully your home is now spick and span, the clutter is hidden and you’ve had a Freddie Mercury moment with the hoover and feather duster (ok…maybe omit the last bit). It’s now time to put your property in front of millions of potential buyers within 24 hours. Remember that MoveSelf not only provide a platform for selling your house online, but our platform also enables you to sell your house online for free!
5. Negotiate the Best Price
So you’ve created a great property listing, you’ve had a few viewings and now somebody has submitted an offer. Hold your horses!! Read our tips on how to negotiate the best price when selling your home.
6. Accept an Offer and Get Legal Assistance!
This is the most important step when selling your home. Why? Because you will be required to sign legally binding documentation to transfer ownership of your property to the buyer. And for this, you will require either a Conveyancing Solicitor or a Licensed Conveyancer.
What’s the difference?
Conveyancers, on the other hand, are regulated by the Council for Licensed Conveyancers. Licensed conveyancers can also work for a solicitors’ firm, but would be regulated by the SRA.
Once you have made your choice you should complete the Memorandum of Sale, which can be downloaded below. To complete this you will need to liaise with the buyer so that communications between both legal representatives can commence. All parties will need a completed copy of this.
7. Sales Progression
When both the buyer and the seller have arranged for legal representation, you will be asked to complete and return a raft of documentation including ID checks, disputes and complaints, proposed developments, council tax, utilities, sewerage, contact details, mortgages in place etc. It’s important to complete this documentation as soon as possible to get the ball rolling.
The buyer’s legal team will inevitably raise enquiries with the seller’s legal team throughout the process. An enquiry might be as simple as asking which fixtures and fittings you will be including (if any) as part of the sale. Or it may be more complex – perhaps something that has been identified during one of the searches. Either way you need to ensure that your legal team is responding in a timely manner and to do this it’s worthwhile checking in with them on a weekly basis.
After a few weeks it’s also advisable to try and establish a target date for exchanging contracts with your legal team. This gives everybody a target to work towards, and also gives you justification to chase them more when the target date is looming!
Once your exchange date approaches your legal team will prepare a draft contract outlining the terms of the sale (including a proposed completion date), as agreed by both parties. When these contracts are agreed and exchanged you have a legally binding contract to sell the property, and you can no longer accept any other offers on the property.
On completion day you will receive the outstanding balance of the sale price (the profit of your property sale minus any mortgage borrowing and legal fees). Your legal team will send legal documents that prove ownership to the buyers legal team. And you must arrange handing keys over to the new owner.
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