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Selling your home
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Buying a new home
Purchase Details
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Tick if you are a first time buyer
Tick if the purchase is 'Buy to Let' or a Second Home
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Selling a home

Selling a home

As the most valuable possession most of us own, selling your home can be stressful, complex and expensive.  The following is a short guide to selling your home.  It includes tips on selecting an estate agent, explains conveyancing and explains why using a good solicitor is important.

Before you begin to sell your home

Before selling your home in England you will need an Energy Performance Certificate (EPC).  You must commission the report before putting your home on the market, although you do not need to have received it.  You cannot do this yourself.

How to get an Energy Performance Certificate (EPC); for a residential property in England

To commission an EPC you will need an accredited domestic energy assessor (DEA).  The assessor will visit your property and produce a certificate in accordance with the scheme.  DEA’s are often employed by Estate Agents or an energy company or may be self-employed.

Estate Agents, which one is best?

For the most part people select an Estate Agent on two criteria, either the lowest quote or the highest valuation.  You should consider a few other factors too.

First look for properties for sale similar to the property you wish to sell.  Note which estate agents are selling similar properties and how many have been sold.  Ask for recommendations from friends, family and neighbours especially if they have just purchased or sold a house in your area.

Second visit Estate Agents, first as a prospective buyer and see if you like the way they deal with you.

A few pointers for selling properties in a distressed market

  • Select an Estate Agent which is selling properties similar to the one you have to sell.
  • Consider using an agent which was trading through the last recession in the early 1990’s

Selecting your Estate Agent

You should ideally get two quotes to compare.  Consider what additional services you would like, such as a website virtual tour or online sales tracking system.

Questions you should really ask an estate agent before selecting them to sell your home

  • Do they sell many properties similar to mine?
  • What is the average sale price of similar properties to mine?
  • How long on average does it take to sell a property?
  • How many buyers are looking for properties like mine?
  • Are they a member of either the Property Ombudsman or Ombudsman Services: Property? (They must belong to one or the other).
  • What price would they market your property for?
  • What house price would they expect you to achieve?
  • What price would they value your home for a “quick sale”?
  • Who will do the property viewings?
  • Can you have a copy of the estate agency’s contract?
  • How and where will your property be promoted?
  • Which property websites will the property be displayed on?
  • What are the agent’s charges and when do you have to pay?
  • What is the ‘lock-in’ period and how do you cancel the Contract?

Estate Agent charges, an outline guide

Typically Estate Agents charge between 1% and 2% for a ‘sole agency’, where you give responsibility for selling your home to one estate agent or 1.5%-2.5% for multiple agents.  You can also get fixed deals and/or pay for extra services such as virtual tours.  Remember fees are often negotiable, especially on more expensive properties; you can tell the agent what other quotes you have had.

Instructing a solicitor

Selecting a solicitor is just as important as the Estate Agent; the sale process is reliant on an experienced and efficient solicitor, selecting (instructing) a solicitor before you put your property on the market will help speed up the selling process.

Your solicitor will also have knowledge of local estate agents and may be able to recommend one to you.



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Nicola Welbourn

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Conveyancing

Nicola Welbourn BA Hons

Nicola Welbourn BA Hons

Head of Conveyancing

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11 Beaumont Fee Lincoln Lincolnshire LN1 1UH United Kingdom

01522 513 399

Fax 01522 53 05 89

mail@dale-law.co.uk


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