Are you hoping to sell property in Peterborough? Ever wondered what the sales process actually entails? Here’s a step-by-step guide to achieving a successful, stress-free sale. Let’s go.
There’s an awful lot to think about when you’re selling your property. It’s easy to feel overwhelmed. But it can help to focus your mind if you break the process down to individual steps. Of course it goes without saying that when you choose Belvoir Peterborough as your estate agent we will be right there with you every step of the way – from valuation to completion.
Call Belvoir Peterborough for a free market appraisal. We will discuss what you are looking for from your sale – whether that’s the best price possible or to sell as quickly as possible, for instance – and discuss the best way to achieve it. It takes one of our experts about an hour to take professional photos, identify the best selling features and measure up your home.
2. Go to market
Happy with our market appraisal? Simply sign your Belvoir agreement and we will get to work finding your ideal buyers. We can help you search for your next property too!
We will send you draft sales particulars and work with you to get the details right. Then simply sign, date and return them to us.
We will take care of arranging and conducting viewings of your home for potential buyers. Be sure it’s clean, tidy and looking at its best!
We will call you as soon as we receive any buyer offer and put all the details in writing. Then it’s down to you to accept the offer you are most happy with.
6. Fixtures and fittings
Let us know which fixtures and fittings will be included in the sale and anything else that you intend to leave behind.
Ready to proceed? Now it’s time to appoint a solicitor or licensed conveyancer. Be clear on their fees as well as when and how they are payable. We can recommend a reliable solicitor for you should you wish.
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8. Removal costs
Get a range of quotes from a number of removal companies and start to plan what you want to take with you.
9. Memorandum of sale
We will send you an official document called a Memorandum of Sale. It confirms that the sale is agreed subject to contract.
10. Mortgage and insurance
Apply for your mortgage and any life assurance or income protection to cover your mortgage repayments.
Your buyer’s surveyor will arrange to come and take a look at your property to assess the structural condition – among other things. The results will be sent to your buyer, who may want to renegotiate the sale price if any repairs are required. We will be there to advise you if this happens.
12. Draft contracts
Your solicitor will obtain the title deeds for your property, draft a contact and send it to your buyer’s solicitor.
13. Property information
Next is to provide your solicitor with a Property Information Form, detailing your property’s boundaries and any building alterations you have carried out. Again, we can help with this if necessary – it’s all part of the service.
14. Funding in place
When you receive your mortgage offer and terms and conditions, you are ready to exchange contracts.
15. Insurance in place
Of course you will need to take out building and contents insurance for your new home. Ensure cover starts from the exchange of contracts date. Request quotes from a number of insurance providers.
16. Sign contracts
Both the buyer and the seller must sign the contract before exchange. Your solicitor will advise you when to do this.
17. Set the date
The dates for exchange of contracts and completion will be agreed between your solicitors and your buyer’s solicitors. You should also notify your chosen removal company and provisionally book the date.
18. Exchange contracts
The signed contract and your buyer’s deposit is sent to your solicitor. No going back! It’s now impossible to withdraw from the sale without incurring a financial penalty.
19. Meter readings
Arrange for your utility company to come and take meter readings and inform them of your moving date.
20. Confirm removal booking
Confirm your removal firm booking and make sure your packing is underway.
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Your buyer’s solicitor will pay the balance of the purchase price electronically to your solicitor, who will tell us that the keys to your property can be released to your buyer. Congratulations!
There’s a lot to think about when you are selling your home. Belvoir Peterborough is here to help you every step of the way. If you have any questions about the sales process please don’t hesitate to contact me directly. You may also be interested in our ebook – giving you a comprehensive guide to everything you need to think about when selling your home – including how to maximise the sales price, when to put your property on the market and how to prevent your sale from falling through. You can download it for free here.
Lottie Hostead is Belvoir Peterborough’s Property Sales Manager. Born and raised here she is both a property expert with 10 years experience selling homes in Peterborough and a genuine local.If you’re thinking of selling your home here then give her a call for a free no-obligation valuation.