Sell Your Property
Want to sell your house?
Silversheds Properties are looking to buy or rent flats and houses all over the UK. We will take on your properties in a most ethical way at 100% of the value providing free legal fees, free valuation and regardless of its conditions. We will work on the sale based on your timescales and also work with you with utmost confidentiality regarding your situation. We are not just a money hungry company, we strive our best to go above an beyond to meet the need of our customers with compassion and understanding. Everyone’s reason is different therefore we adjust the process to your pace and your comfort zone, in order to make the process as smooth and hassle free.
How to sell a house
1. Figure out your finances
- Before you sell your house, you’ll want to get a rough idea of how much it is worth, so you can then calculate how much money you will be left with after you have paid off the mortgage.
2. Decide if you should rent a house next, rather than buy
- Selling your home and renting for a while can add to the overall expense, but it will reduce the critical time pressures in buying a new home
- You also won’t have to compromise on your sale price, and potentially sell your home for less, as you won’t be under pressure to complete on your onward purchase
- You won’t be rushed into buying a less-than-perfect new home because you have found a buyer for your current home
- Selling your property and then renting before buying will break you out of the housing chain which means you will be a more attractive buyer
3. Get an Energy Performance Certificate
An energy performance certificate (EPC) is a standardised document which ranks properties in terms of energy efficiency, and which homeowners need to provide to potential buyers when they sell their home
You have to have at least applied for an Energy Performance Certificate before you put your home on the market – find out why, how much an EPC should cost and get quotes form an EPC surveyor today
4. Decide how much to sell your home for
One of the most agonising decisions when selling your home is what price to put it on for
Do your research and get to know the local market inside out
Get a number of estate agents to do valuations, but don’t necessarily go for the highest.
5. Prepare your home for sale
If you “stage” your home well, you are not only more likely to sell your home faster, but you might make it more valuable too
Tidy up, and get rid of excess clutter; give it a fresh lick of light coloured paint; fix those little snagging things; keep it clean
Light a fire; bake bread; put up a mirror; get rid of bad odours
6. Hire a conveyancing solicitor
You need to choose a conveyancing solicitor to handle the legal work involved in selling a property.
7. Fill out the relevant questionnaires
You will have a variety of forms and questionnaires to fill out, to give the buyer all the information about the property, and about the sale.
8. Accept an offer
You’ve received an offer – hooray! The estate agent is legally required to pass all offers on to you
If you are not happy with the offer, you can either reject it outright, wait to see if a better offer comes along or tell the estate agent to try to negotiate it upwards
Once you are happy with an offer, you need to formally accept it.
Remember that accepting an offer is not legally binding, and you can legally change your mind or accept a higher offer later (gazumping) – but remember, this can be pretty distressing to the buyer
9. Negotiate the draft contract
You and the buyer will have to decide:
The length of time between exchange and completion (usually 7-28 days after the exchange of contracts)
What fixtures and fittings will be included – and how much will they pay for them
Any discounts due to problems flagged up by the survey
10. Exchange contracts
When you exchange contracts with the buyer you become legally committed to selling the property – and they are legally committed to buying it from you
If you pull out after this without due reason, the buyer’s deposit will be returned to them and you may be sued
If you sell a house you are responsible for looking after it until the sale is completed so you should make sure you have buildings and contents insurance cover until then.
11. Move out
You can move out whenever you like, including on the day of completion (although clearly, you need somewhere to move to)
It is less stressful to move out beforehand, if that is possible
At the time of completion, the property has to be in the condition agreed in the contract – including all the fixtures and fittings
The buyer and estate agent may come round between your moving out and completion to ensure that everything is in place
Find the right removals company for your move
12. Complete the sale
Completion is when the property changes ownership, you accept payment, and hand over the keys
A little like a duel, it takes place on a previously agreed date and usually at midday
On the day of completion, the money is transferred and any deeds for the property are transferred between each side’s solicitor or conveyancer
Your solicitor/conveyancer will register the transfer of ownership with the Land Registry
13. Pay off the mortgage
The mortgage company will have given you and your conveyancing solicitor a precise redemption figure (outstanding amount) for your mortgage for the day of completion
Now the buyer has transferred the money to your conveyancing solicitor, they will pay off the mortgage for you
14. Settle up with the conveyancing solicitor and estate agent
After completion, your conveyancing solicitor will send you an account, covering all their costs and disbursements, as well as the sale price of the house and redemption of the mortgage
If you are buying and selling at the same time, the conveyancing solicitor can settle up for both transactions at the same time, including paying stamp duty for the house you are buying
Your conveyancing solicitor will ensure that the change of ownership is registered with the Land Registry
There is sometimes a small discrepancy and you might even get a small refund
Get in Touch With Our Team
Whether you’re an investor, landlord, or looking for expert property solutions, we’re here to help. Reach out today and let’s discuss how we can support your goals and maximise your returns.
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