There are a number of steps involved when selling a property. At Pad Residential, we’ll be with you throughout the journey, ensuring that the sale of your property goes through smoothly.
We’ve put together the below selling process to make you aware of everything that needs to be done to successfully complete a sale.
1. Property Valuation
First things first, you need to identify the value of your property. This will help set a price that is both competitive and gets the highest returns. Check out our free valuation tool to get your property valued today.
2. Choose your Estate Agent
Next you need to identify the agent that you want to sell your property. Choose an estate agent that understands the area, the market and has your interests at heart. Ask them about the marketing tools at their disposal, plus their approach to viewings. You want an estate agent that is going to be able to present your property in the best light.
3. Prepare Your Home
First impressions count. So it’s critical that you fix wardrobe doors that are hanging off, give the property a lick of paint and most of all tidy your property! You want prospective buyers to view the property in the best state possible, so doing a little handiwork will go a long way!
4. Market The Property
Once you have your home prepped and you’ve instructed your Estate Agent to sell, the next step is to promote your property. Your Estate Agent should handle this for you, and you should be able to see your property on property portals such as Rightmove and Zoopla. This exposure is crucial to gain interest.
If marketed properly, your Estate Agent should be inundated with viewing requests. You’ll receive notifications of these viewings, and we recommend trying to be out of the property when they take place, allowing the prospective buyer and the agent to view the property un-interrupted.
Now it’s the exciting part. After a few viewings, you should start to receive some offers for your property. Your Estate Agent will give you as much information as possible about the buyers, so you can make an informed decision. Don’t just accept the first offer that comes in!
7. Accept An Offer
Once an offer comes in that meets your criteria, you can accept!
8. Instruct a Solicitor
Once an offer has been accepted, both the buyer and the seller will need to instruct a solicitor. They will create the paperwork, including sale contracts. Estate Agents are critical at this point, as they become the point of contact between each party’s solicitors.
9. Exchange of Contracts
Once all parties are agreed, its time to exchange contracts. This is the legally binding contract of sale, meaning there’s no way back now! A date will be set for completion, so make sure you have your moving arrangements in order.
Monies will be sent and the sale is complete.