So you are looking to sell a property for the first time.....
If you are selling a property for the first time, you may not know what to expect and with so much to consider, the process can appear a little daunting. Hopefully the information below will help to provide you some much needed information.
Getting your property valued.
By now, you have probably booked your market appraisal (valuation). Finding out how much your property is worth is an important first step. A market appraisal should be carried out by an experienced local estate agent who will be able to provide an expert valuation and discuss market conditions, comparable properties sold and marketing plans. Alongside providing a valuation of your home, most agents should then outline their selling fees. Be sure to show all the things you love about your home and what changes you have made since you have been there.
At Gibson Honey, we will listen to understand your goals, timescales, and priorities to shape our advice. This is an important first step in achieving the best possible price for your home and getting you moving.
How much does it cost to sell?
Once you have an accurate valuation of your home, it's a great time to make a list of all the approximate costs you may have during the selling process. Budgeting carefully from the start helps to avoid nasty surprises further down the line.
Costs you may need to consider include:
Estate agent's selling fees
Conveyancer's legal fees
Energy Performance Certificate (EPC)
Removal costs
Mail redirect
These are costs related to the sale of your property, and there will also likely be other costs associated with purchasing or renting your next home, so remember to include them too.
How will my property be made market ready?
Once you have agreed on the guide price and instructed your local agent to sell your home, they should then arrange to take professional imagery for use within the marketing brochure and online portals. Floorplans will also usually be made at the same time. If required, an EPC should also be arranged by the agent.
At Gibson Honey we use Giraffe 360 to produce professional photography, floor plans and virtual tours.
What is property marketing?
This is how your property is marketed by your chosen agent and will include the marketing materials such as imagery, property tours and videos and floorplans. It will also include how your property is marketed including the agent's database marketing, online websites and portals as well as social media activity.
The way your property is marketed will vary from agent to agent but usually, once your home is launched onto the market, your agent will arrange for a sale board to be erected where appropriate. The property will then be uploaded to your agent’s website alongside major property portals such as Rightmove to showcase your property to the widest possible audience.
Here at Gibson Honey we offer the very best professional property marketing.
What will happen at viewings?
When your property has caught a prospective buyer’s eye enough to arrange a viewing, your agent will contact you to schedule an appropriate time where they can show the viewer your property. After a viewing, your agent should provide you with feedback from the viewer.
What happens once I receive an offer?
Your estate agent will contact you to let you know if someone has put an offer in on your property. They will communicate between you and the potential buyer to ensure that you are happy with the agreed price if you choose to accept the offer. If you are not happy with the offer, you may wish to decline or wait until a further date to allow time for more offers to be put forward.
At Gibson Honey, all offers are financially qualified and buyers positions ascertained to help you make an informed decision on every offer placed on your property.
When should I hire a conveyancer during the selling process?
You need to instruct a conveyancer when you have accepted an offer on your property. You will then need to inform your agent who you have instructed to they can send them details of the sale.
We have local solicitors that we can recommend and it is always important to use a solicitor who knows the local area.
How long does it take to sell a house?
The time it takes for a sale to complete varies in each case and can be affected by many different factors such as the length of the chain or how long it takes for searches. On average a sale of a house could take anywhere between 8 and 20 weeks.
What happens on completion day?
On completion day, after both solicitors have made their final checks, the buyers solicitor will then transfer the funds into the sellers account. The estate agents will then release the keys for the property to the new owner.
You will have then completed the selling process and will need to move out of your property.
Please also use this link for further advice https://gibsonhoney.co.uk/selling/