Here at Open Property Group, we aim to offer quick house sale advice and ensure we make the property sale process as simple, fast and hassle-free as possible.
However, before you decide to sell your property, let's run through the traditional property selling process so you can see how it compares to a sale through Open Property Group.
1. Get an accurate valuation
Of course, as with any sale, you'll want to sell your property at the best price that you can achieve. Time may also be a factor, with some homeowners wishing to sell their properties as quickly as possible, and others preparing to wait until they can get an acceptable offer. Therefore, before you put your property up for sale, you may want to do a little research yourself to find out recent selling prices for similar properties in your area, before instructing a professional to advise an accurate selling price for your property.
2. Find an estate agent
Most people will instruct an estate agent to sell their property, although more and more people are doing this themselves online. When choosing an estate agent, you may want to ask the following questions:
- How will they market your property?
- Do they conduct viewings on your behalf?
- What are their opening hours? Do they open weekends?
- Do they have a high street presence?
- And most importantly, how much do they charge for their service?
Of course, using an established cash purchase company such as ours means that you can cut out the estate agent altogether.
3. Instruct a solicitor
In order for your house purchase to go through as smoothly as possible, it's important to instruct a solicitor who has plenty of experience in this area. If you don't already have a conveyancing solicitor you'll need to find one as soon as possible.
4. Present your property to its best advantage
While you may have already carried out some work on your property to ensure that it looks its best, you may want to cast an impartial eye over your home, prior to photographs being taken or before viewings take place. Remember that first impressions are critical; so make sure that you give the best impression you can. Finish off those DIY jobs; make sure the approach to your house is neat and tidy; declutter your home, and keep it clean and smelling fresh.
5. Market your property
Once your property is up to scratch and you've decided on an estate agent and solicitor, now's the time to market your property so that it gets the maximum exposure across all medias. Most estate agents now offer an online presence, in addition to the more traditional magazines, advertisements and shop windows.
6. Accompanied viewings
If you're unable or don't want to show potential buyers around your property yourself, you'll need to arrange accompanied viewings with your estate agent. In fact, if you're paying your estate agent, let them work for their money, and use their expertise in the property market to SELL your property.
7. Receiving an offer
Most estate agents will notify you both verbally and in writing when an offer is received for your property. The offer will usually contain any special conditions, plus the agency will check the buyer's ability to proceed, prior to your decision to accept or not.
8. Once an offer is agreed
Once you have accepted the offer, the estate agents will set the 'chain' in motion by:
- Preparing all the sale documentation
- Writing to all parties to confirm the agreed price
- Asking for confirmation of solicitor's details
Draft contracts will then be sent by your solicitor to the buyer's solicitor, who will then conduct the preliminary enquiries, such as consulting the land registry. At this point, dates for surveys, exchange of contracts and completion will also be agreed.
9. Exchange of contracts
Once the following have been confirmed and agreed, it's time to exchange contracts.
- Preliminary enquiries after receipt of the draft contract
- Evidence of title
- Local searches
- Any issues that have been highlighted in the lease, if applicable
- Confirmation of any fixtures and fittings to be included in the sale
- The mortgage offer from the buyer, if applicable
Once the contracts have been exchanged and signed by both parties, the agreed deposit will be credited to your solicitor's account. Then it's time to set the completion date.
Once the rest of the money has been transferred to your solicitor's account, completion can take place, and the keys will be released to the new buyer.
Of course, if you choose to sell your property through Open Property Group the process is far simpler. We understand that some buyers are looking for quick sale, and so we are able to make you an instant no-obligation cash offer regardless of the size, location, condition or value of your property.
Watch the video below which explains more about selling your property fast or click here to continue reading this article