Advice for Selling Property
Selling a property is a major undertaking, and understanding what is involved is essential. Before putting your property up for sale, there are a few things you can do to help achieve the best possible price and attract those all-important potential buyers.
This guide outlines each of the steps and the process to successfully sell your property in the Swindon.
Look at Your Finances
You should start with assessing your finances. If you have a mortgage, you should check the amount outstanding and whether your lender will charge you an early repayment penalty.
You’ll also need a valuation of your property. as this will give you an indication of any equity you might have after the sale, if any, and will help you plan what you are going to do next.
You should remember, however, that all figures at this stage will be approximate.
Put the Property on the Market
If you choose Forefront Property to sell your home, we will send you all the necessary paperwork to begin the process of selling and marketing your property as quickly as possible.
Our local sales managers in Swindon would be happy to sit down with you to discuss all your options; to ensure that sure you fully understand the fees you’ll be charged before agreeing to anything.
Once a price has been set for your property, we will market your property on all major property portals, to ensure that your property gets full visibility from the right potential buyers.
Get Your Property Ready
This is often a neglected part of the process, but it’s arguably the most important. After all, preparing your house can help you sell your Wiltshire property faster and potentially for a better price.
- Ensure the exterior of your property is tidy. Most potential buyers will make a drive-by visit to your home before viewing the inside so it’s important that your property makes a good first impression.
- Ensure any damages are repaired
- De-clutter your living spaces and give the walls a quick once over with a neutral colour of paint. Though this home is a representation of you, we want the buyer to be able to visualise themselves living in the property.
The most important thing to do, however, is to remove clutter and keep your property clean and tidy. You want the viewer to think "I want to live here".
Once we begin receiving enquiries about your property for sale, we’ll arrange to show them around the property. At Forefront Property, we can guarantee that an experienced member of our local sales team who is familiar with your property will conduct the viewings.
Receiving Offers & Making the sale
We’ll inform you of any offers that we receive.
It is at this point that you will need to appoint a solicitor or conveyancer to help you with the legal part of selling your home.
Accepting an Offer
Once you’ve deciding to accept an offer, we will then need the details of both you and the buyers’ solicitors.
Remember, until you exchange contracts, you’re not legally obliged to sell the property and the buyer is not legally obliged to purchase it.
Before you exchange contracts, however, you should agree to things like:
- The time between the exchange of contracts and completion
- What fixtures and fittings you’re leaving
- An additional price for fixtures or fittings, if appropriate
- Discounts if the survey highlights problems
It can be costly if you pull out of the sale after the exchange of contracts, so make sure you get this part of the process right.
Normally, the buyer will pay a deposit of about 10% as part of the contract exchange process.
Complete the Sale
The sale completion will normally happen at midday on the day you’ve agreed. Your solicitor or conveyancer will handle most of this process including:
- Accepting the money transfer from your buyer
- Transferring the property's deeds to your buyer's solicitor or conveyancer
- Registering the sale with Land Registry
- Paying off your mortgage
Your main job is to move out and hand over the keys.
Properly planning each stage of the process will make selling your home smoother and less stressful. It can also help you sell the property faster and for a better price. If you would like to know more about our selling process or how we can help you successfully sell your property, get in touch today, where a member of our team will be happy to assist you.