Step-by-step guide to sell property
Selling property can be far less stressful when you understand the process.
ARRANGE A VALUATION
Your aim should be to sell your property at the best possible price in the shortest possible time. Our expert valuers carry out thousands of valuations every month, giving us intimate and unparalleled knowledge of property values in your area.
This is why we consistently achieve the asking price across all our clients’ properties.
Find out how much your property is worth, please call 020 8672 0439
Selecting an agent
When choosing an estate agent, consider their opening hours, when they will be available to conduct viewings, their high street presence and what kind of marketing your property will receive. These are critical to obtaining the maximum exposure and price for your property.
You should also check if your agent will organize your government-required Energy Performance Certificate on your behalf or if you need to arrange this yourself? B&K Estates can arrange this for you. You must have commissioned an EPC before your property can be marketed.
Instructing a solicitor
The successful sale of your property can be reliant on the instruction of an efficient and experienced solicitor. It is a good idea to do some research and make a decision before you put your property on the market as this will help to avoid delays.
We can offer recommendations if required.
Presenting your property
First impressions count, making the presentation of your property critical to a successful sale.
Consider addressing any DIY jobs you have been meaning to get done, add a fresh coat of paint where necessary and try to declutter to make rooms appear larger.
B&K team of dedicated professional ‘Photographers’ will then take photographs, create 360° tours, produce floor plans and write comprehensive property descriptions, all in just one visit.
Marketing your property
To find your perfect buyer you need to give your property maximum exposure across a wide range of media.
When you instruct B&K to sell your property you will automatically benefit from our comprehensive marketing package, including: exposure on our website, email and SMS alerts and PR.
Our longer opening hours are essential to maximize viewing opportunities for your property
Receiving an offer
As soon as an offer is received we will notify you both verbally and in writing.
Any special conditions of the offer will also be stated in writing and we will check the buyer’s ability to proceed before you decide whether to accept the offer.
Once you accept an offer we will do the following:
- Prepare a memorandum of sale
Write to all parties to confirm the agreed price
Ask you to confirm your solicitor’s details
- Your solicitor will send out a draft contract to the buyer’s solicitor who will then carry out preliminary inquiries. At this stage you will also be able to agree on dates for the survey on your property, exchange of contracts and proposed date for completion.
- We will advise you and negotiate on your behalf throughout this process, keeping you informed every step of the way.
- There are no legal obligations until contracts are signed.
Exchange of contracts
Exchange of contracts occurs when the following have been confirmed and agreed:
- Preliminary inquiries following receipt of draft contract
- Evidence of a good title
- Specific issues highlighted in the Lease, if applicable
- Local search queries
- Fixtures and fittings to be included in the sale
- The buyer’s mortgage offer
- Once the contract has been signed by both parties the deposit (usually 10% of the purchase price) will be telegraphically transferred or paid in the form of a banker’s draft by the buyer’s solicitor to your solicitor.
- The completion date is then set by mutual agreement.
Completion is when the residual monies (usually 90%) are transferred from the buyer’s solicitor to your solicitor’s account.
Your solicitor will call you when the money has cleared in your account and will inform us to release the keys.