The main steps involved with selling a property are summarised below. For further information on each step simply click the red plus [+] sign.
A realistic assessment of the value of your property is an important first step to ensure you understand how you will finance your home move.
Whilst local property newspapers and websites can be used to provide an indication of what your property might be worth, you will need the experience of a professional estate agent to get a more accurate and realistic assessment of its real value.
George Property and Financial can provide you a free , no-obligation, property appraisal.
We can meet you at your property a time that best suit your needs. Our appointment with you would typically take between 30-60 min's and would include a detailed inspection of your property. At our meeting, we will discuss the specific needs relevant to your own situation, market forces and current demand, previous transactions in your street and activity levels with other property similar to your own. This information will help us advise you on:
Any questions or concerns you have can also be addressed at this meeting.
Having established the value of your property and decided to go onto the market, you will need to choose an Agent to act for you.
When considering which agent to use, remember George Property and Financial will not suggest inflated values (which can leave you languishing on the market whilst those around you sell) just to get you onboard.
We will give you our honest opinion, it is of course up to you if you want to try a different marketing value. Your personal adviser can discuss this with you.
A successful agency will have a comprehensive marketing strategy and methods, professionally qualified & courteous staff and a realistic expectation of what the market can achieve.
With George Property and Financial you only pay commission when we successfully sell your property and you'll always have access to a specialist team dedicated to sales. But, beyond that,George Property and Financial provides a significantly higher level of service than that you would typically expect from a traditional estate agency.
Click here to find out more about what George Property and Financial offers you.
Please note that the Home Information Pack duties are suspended with immediate effect from 21 May 2010. This means that homes marketed for sale on or after this date will no longer require a Home Information Pack. However, Energy Performance Certificates are still required.
An Energy Performance Certificates (EPC) is required for all homes whenever built, rented or sold.
If you are buying or selling a home it is now law to have a certificate. They are also required on construction of new homes and are needed for rented homes the first time the property is let after 1 October 2008.
The certificate records how energy efficient a property is as a building and provides A-G ratings. These are similar to the labels now provided with domestic appliances such as refrigerators and washing machines.
They are produced using standard methods and assumptions about energy usage so that the energy efficiency of one building can easily be compared with another building of the same type. This allows prospective buyers, tenants, owners, occupiers and purchasers to see information on the energy efficiency and carbon emissions from their building so they can consider energy efficiency and fuel costs as part of their investment.
An EPC is always accompanied by a recommendation report that lists cost effective and other measures (such as low and zero carbon generating systems) to improve the energy rating. A rating is also given showing what could be achieved if all the recommendations were implemented.
The certificate is important because nearly 50 per cent of the UK's energy consumption and carbon emissions arise from the way our buildings are lit, heated and used. Even comparatively minor changes in energy performance and the way we use each building will have a significant effect in reducing energy consumption.
As a George Property & Financial client again the burden is removed from you with the appropriate EPC - Service Booster, saving you time and money whilst ensuring the speedy completion of your property sale.
The majority of buyers now use internet property portals to search for a home. Therefore the visual imagery used with these listings are the first taste of your home a potential purchaser is likely to experience and this will be hugely influence whether they contact us to arrange a viewing.
It is in response to this social demand for media type information that has given rise to the Pro Photo & Pro Video George Service Boosters. By selecting either one or both of these options when you sell your house with George Property & Financial means you can substantially and positively impact the amount of people who view your property.
More viewers will naturally lead to more offers. Read more about the Pro Photo - Service Booster and the Video Service - Booster here.
As you will already appreciate from when you bought your first home, presentation is everything. Preparation of your property for viewing's is necessary. When our Property Sales adviser visits your home for the first time to give you a FREE Valuation they will also take notes on any suggestions they would make with regards to the layout, structure and furnishing of your property. With the aim of better presenting your home to potential buyers. Furthermore throughout the sales process we will continuously update you with relevant feedback from any viewing's we arrange. These reports will also help you prepare your property for market.
Tip: There are more George Service Boosters that can help you at this stage too.
The Property Clean - Service Booster is cherished by some of our landlords and clients who are also running families as well as properties!
Estate Agents commit huge amounts of time and money towards marketing properties to prospective purchasers - with the prime aim of encouraging them to view the property.
We will discuss with you the best times of the day & week to present your property and do our best to steer appointments around these times. Many considerations need to be made, including your normal weekly patterns, parking availability and traffic levels, children and pets, light levels and garden aspects.
As part of our terms of service George Property and Financial promise to conduct all viewing's so that you experience minimal inconvenience. However, there may be circumstances where you may prefer to conduct the viewing yourself and this will be respected. The following advice is given if this is the case.
After the viewing, George Property and Financial Advisers will ensure all best endeavours are made to contact the buyer/viewer to get their thoughts and general feedback within the 24 hours after the viewing. Their feedback is vital as it will help influence whether any changes need to be made to our marketing strategy.
Any offer received will be put forward to you verbally at the first available opportunity, or in writing within twenty-four hours. You will need to make a response to any offer. If the initial offer is rejected and the purchaser decides to increase their offer, the process will simply be repeated.
Your Personal George Property Sales Adviser will make all best endeavours to pre qualify purchasers in advance of any viewing's - but at the very latest, at offer time. By "qualify" we mean that we will formally check their status and ability to proceed with any offer they make. In order for us to do this, we will ask for contact details of their broker or mortgage lender, and any estate agent dealing with their current property sale. If they do not have a Financial Adviser they can of course speed up the process by using our Property Buyers Service Booster - Pre Qualifier - For FREE.
You will need to instruct a solicitor/conveyancer to act for you in the sale. Again the Service Booster - George Legal Pack is a very convenient, professional and competitive solution and is suitable for both Sellers and Buyers. We recommend our solicitors for a reason, you can find out more just Click Here.
It is only when this information has been provided and we have contacted the necessary parties for verification of your purchasers' situation that we will consider whether it would be pertinent to stop showing your property to other prospective purchasers.
It is at this stage that we will try to make you aware of any chain implications and the likely timescale of any agreed transaction. Due to the nature of the buying process, it is important to note and understand that any information provided by us concerning the transaction chain is not guaranteed and could change at any time. However, regular liaison will be made with legal parties acting on both your and your buyers behalf to ensure we can keep you abreast of progress on a timely basis.
Once you have accepted an offer the legal process starts to arrange for contracts to be drawn up and agreed, to confirm payment is made for your property, and that legal title is properly transferred to your buyer.
To support these activities you (and your buyer) will need to instruct a solicitor or conveyancer to do this work on your behalf. The George Legal Pack Service Booster is an easy way to get the process going.
Summary of the legal process
Our advice: The time it takes to progress through this stage is dependent on various factors – but the entire process could take at least 6-8 weeks. However, to speed up the process from your end, we recommend you instruct legal representation prior to finding a buyer as there are various things they can do well in advance, and hence save time later. This includes calling for your title deeds office copy entries and various other documents – all of which can take some time to get hold of.
Support from George Property and Financial
Your George Property Sales adviser will stay in contact with your solicitor throughout the legal contract process to monitor progress and to assist where possible with any issues as they arise.