GUIDE TO SELLING
STEP-BY-STEP GUIDE TO SELLING PROPERTY
Selling property can be far less stressful when you understand the process
Step 1 – Valuation:
We all know the saying ‘’something is only worth what someone is prepared to pay’’, true in many aspects but in the property industry knowing your market is key and R L Morris have the knowledge and experience to advise on the contributing factors to the valuation of your property, they include current market conditions, location, recent comparables, condition, local transport links and amenities etc. We will also advise on any works that may improve your chances of selling your home.
Step 2 – Instructing a solicitor:
The successful sale of your property can be reliant on the instruction of an efficient and experienced solicitor. We are happy to recommend one if required.
Step 4 – Viewings:
We will arrange viewings that suit both parties and always accompany viewings where possible.
Step 3 – Marketing:
Being an independent agent R L Morris are always trying to come up with original and innovative marketing ideas which sets us apart from other agents, and we are constantly seeking new ways to maximise the exposure of your property. As standard your property will be marketed through our extensive network of potential buyers, local publications and property website portals. We also use SMS texting and automatic email updates to potential buyers when a new property comes on to the market. We also offer professional photography and ‘’feature property’’ marketing.
Step 5 – Receiving an offer:
Once 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.
Step 6 – Once an offer is agreed:
Once you accept an offer we will prepare a memorandum of sale, write to all parties to confirm the agreed price and 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 enquiries. At this stage your mortgage application should have been submitted in order for a survey to be booked. Following your survey your mortgage offer will be issued to you and your solicitor. We will work together with your solicitor and communicate throughout the process, keeping you up to date every step of the way. There are no legal obligations until contracts are signed.
Step 7 – Exchange of contracts:
Once the following has been confirmed completion dates can be agreed and Exchange can take place:
- Preliminary enquiries 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 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.
Step 8 – Completion:
Once the residual monies (usually 90%) are transferred from the buyer’s solicitor to your solicitor’s account completion will take place. Your solicitor will call you when the money has cleared in your account and will inform us to release the keys.
You have just sold your property through R L Morris
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