Guide for selling Residential Property
There can be stress and hassle when you are trying to sell your home and so many decisions to be made. At WRUK we take all the stress out and make things simple for you.
Why choose WRUK?
- We abide by the best industry practices
- We have been winning hearts as registered estate agents since 2014
- We take pride in finding the perfect buyer for your property within the desired span of time.
- We regularly update our list of buyers who are seeking a new house to purchase and our sophisticated database
- Provide accurate property valuation for free
- Have reliable consultants and solicitors to help you throughout the process
With the right guidance, you can dispense money equal to your property’s worth in London. Not sure how to get through the process? Go through our step by step guide below.
1. Getting a property valuation
If you are considering selling your property the first step is getting a property valuation.
You need to know how much can you potentially get from selling a property, and it is wise to get an independent valuation to evaluate the next step easily. Register with us and book a free valuation today.
2. Getting it ready for the market
The first impression is the last impression. Make sure that it’s worth it. Ensure your property is in the best possible condition. After all, no one likes a dirty house!
Clean your property and free it of the clutter before presenting it to the potential buyers. Freshen up the paint to instill more life into the interiors and the exteriors. Ensure you are keeping the garden and exterior of the property neat and tidy.
This will allow you to add more value onto your property and also allow your property to generate more interest.
Get the house photographed with a professional photographer (most agents can help you in this)
3. Choosing a worthwhile estate agent
Want to hire a agent who is one of the best at what they do? Get in touch with WRUK. Our experts go extra miles to get the right buyer for you at the right price and close a successful deal.
4. Placing your property on the market
Making sure that the right audience knows about your property is extremely important. A good combination of traditional and modern marketing techniques can be a breakthrough in securing the best property quote in London. Some of our marketing techniques are as follow:
- Getting a custom brochure completed
- A valid energy performance certificate (EPC) needs to be obtained (for a standard fee, we can take care of this)
- Get it ready to be listed on major property platforms to attract potential buyers (e.g., On the Market)
- Marketing the property through email, Whats App, social media and via phone. We use our large database of buyers to find the ideal person to buy your property.
- Getting worthwhile house photography (you can leave that to us)
5. Pricing Your Property
Before you can move on any further you need to think about the price you can put your property on for. You should do your due diligence and research the local property market and see how much similar sized properties are on the market for.
6. Solicitor
Selling a house in London means taking care of a range of litigation’s. You will need an experience conveyancing solicitor to be able to handle the legal work and ensure the whole process goes as smoothly as possible.
We can recommend you one of the best property solicitors in town who can take good care of these matters for you.
7. Receiving an offer
Someone liked your property and placed an offer? You would be informed. But hey, this is not just it. For a deal to be closed as soon as possible, it is imperative to have all the required due diligence work completed. It is up to you to accept or reject an offer based on its nature and underlying conditions.
Rejecting an Offer: If an offer is rejected, relevant parties will be asked to come up with a revised figure.
Accepting an Offer: the appointed solicitors will begin the paperwork and carry out the legal process
8. Exchange of contracts
Once the enquires are duly answered, and finances are in place, both parties agree on a completion date and relevant procedures to be carried out to handover the property.
When you exchange contracts you are both legally binded to the transaction. If you do decide to pull out without reason then the buyers deposit will be returned and you can be liable to be sued.
You are also liable to leave in the condition it was agreed as in the contract include all furniture and fixtures.
They contract will have a completion date at which point you must move and let the new owners move in. This is done with the property has transferred ownership in the new owners name.
9. Completion
If you have an outstanding mortgage on the property, your mortgage company will give you a precise redemption figure to your conveyancing solicitor. Once the buyer has transferred the money to your solicitor, the conveyancing solicitor will pay the mortgage off for you.
Once all the finances have been transferred, the keys will be handed over. Congratulations on your new house.