Stage 1 - Register, Valuation, Solicitor
Register with an agent
Choosing the right agent is critical. You need good professional people who can guide you legally, practically and emotionally through what can be a stressful exercise. A worthwhile estate agent must provide you with the expertise, local knowledge and support you’ll need to achieve a successful sale. Ensure your agent is marketing-aware and has flexible opening hours to maximise viewing opportunities. Your agent must also be able to help you organise the legally required Home Information Pack. Start by popping in or calling Oliver’s on 020 7284 1222. You can email us here.
Getting a valuation
To start the process you need to obtain an accurate valuation – a realistic, attractive price based on a genuine understanding of supply and demand in the area. For a free Olivers Town valuation call 020 7248 1222, or submit an online valuation form here.
Choose a solicitor
Get a solicitor on your team as soon as possible, someone who’s easy to talk to, from a firm that has considerable experience in the very latest conveyancing procedures.
Help to Buy mortgage guarantee scheme facts:
• Available to all buyers (first time buyers and existing home owners)
• Available on all existing homes and new builds • Applies to properties up to the value of £600,000 • Available in the UK • Not available for those wishing to purchase a second home or buy-to-let • Up to 95% traditional loan-to-value mortgages are available
Contact Oliver’s today to see how Help to Buy could help you.
Stage 2 - Marketing, Viewings, Offers
A good estate agent will understand the value of intelligent marketing so as to get your property ‘out there’ in the public domain, without delay. Once you instruct Olivers Town to sell your property, we will act quickly and efficiently to obtain photographs and place all relevant details on our website at the earliest possible opportunity. We can provide a full marketing package including local advertising, spec sheets, aerial views as well as inclusion in a full colour brochure. It helps immensely if you can be flexible with viewing times and ensure your agent can organise these during evenings and weekends. At Olivers Town, at least half our viewings take place outside ‘normal’ hours.
Remember, until contracts are signed and exchange takes place, there is no legal obligation on either side. A verbal offer can always be reneged on so a formal written offer should be obtained before proceeding.
When you do receive an offer, your agent should inform you promptly, by phone, text, or email. However, do not take action without a formal written offer. At Olivers Town, speed is of the essence - we’re always there to advise you promptly on the quality of the offer and how you should proceed.
Stage 3 - Offer accepted, Contracts
So you’ve got your offer! But don’t pop open the champagne just yet. The next step is all about dates and details, principally - what exactly is included and excluded in the purchase; when should a property survey take place; dates for exchange and completion.
At Olivers Town, we’re very experienced in this ‘make or break’ process and we’ll be there for you throughout – advising, negotiating and keeping you in the picture every step of the way. Now’s the time for your solicitor to get busy drafting a contract, along with the necessary information, including a HIP for your property.
Solicitors for both vendor and purchaser make contact with each other and relevant enquiries begin. This will include pulling together all the important paperwork, including deeds, lease, seller’s questionnaire, fixtures and fittings schedule, proof of planning permission, guarantees, freehold certificate, service charge accounts and building insurance where applicable.
Stage 4 - Exchange and Completion
Exchanging contracts can only happen when all local searches and enquiries have been agreed by both parties. If the buyer has cash, matters can proceed faster, but in most instances a mortgage will need to be arranged. When a mortgage offer is in place, the purchaser is ready to exchange. Contracts are then signed by both buyer and seller and either a 5 or 10% deposit must be transferred to the vendor’s solicitor, by banker’s draft or electronic transfer.
This final stage should take place shortly after contracts have been exchanged, on a mutually agreed date. The remaining monies are transferred to the vendor and finally it’s time to call in the removal firm.
Welcome to your new home.