Selling Your Property in North West London
At Regal Estates, we want to make the process of selling your property as hassle free and simple as possible.
When it comes to selling your home there’s a lot to consider. Not only do you want to get the very best price, but you want the sale to go as smoothly as possible. Our guide to selling your property tells you everything you need to know.
Organise your finances
While selling your existing home will bring money in, it will also cause some expenditure. This means reviewing your current finances to see if you can afford the overall costs involved.
Start by getting a rough idea of how much you might be able to sell the property for – the best way to do this is to book a free property valuation with us. We will be able to assess how much the property is worth based on local activity, market trends and our experience.
It is also worth talking to your current mortgage lender to check if you will have to pay any early repayment charges or ‘porting’ fees for transferring it to a new property.
Other costs to consider include:
Prepare for the sale
To make the right impression with potential buyers, and to add extra value to the property, you should ensure everything looks as good as possible.
Starting inside, declutter as much as possible and remove anything unnecessary that makes the place look messy or uninviting. When buyers organise a viewing they will want to project their own vision onto the space, so it’s important it looks as clean and inviting as possible.
Fix any issues around the home like broken switches, light fixings, cracks and holes – also consider redecorating to neutral colours to make the place more appealing to a wider audience of buyers.
If you own a garden, this should be cleared and decluttered. Gardens are a great selling feature that can add value to the final sale prices, so clear pathways, pull out weeds and repair any broken fences or gates.
Selling your property with us
Of course, you can always choose to sell your own property, although this can be an even more stressful experience and increase the risk of not getting the best market value for your home.
Choosing to sell your home with us can play an important role in ensuring the process goes smoothly. We have helped countless homeowners in North West London to successfully sell their properties, guiding them through the process from start to finish and ensuring they achieve the best sale price possible. As members of established professional bodies like NAEA Propertymark and The Property Ombudsman, we pride ourselves in providing the highest standard of service within the industry.
We offer full marketing of your property via our website, property portals, Facebook, in-house displays and more. We also have an extensive database of buyers which we can search for suitable buyers.
Interested buyers will want to view your property in person to determine if it’s the right property for them. Your assigned estate agent will handle all of your viewings, which you can be present for if you wish.
We will ensure all viewings take place at a time most suitable to both you and the buyers and will keep you updated on any developments or feedback throughout the viewing process.
Instruct a conveyancer or solicitor
Every property sale requires the involvement of either a conveyancer or solicitor to deal with the legal aspect of the process.
Be sure to compare a few different quotes and look at reviews before deciding on who to instruct. They should provide an overview of how much the entire process will cost, although sometimes they may only be able to offer an estimate as charges tend to be based on the amount of work required, which can only be assessed properly as the sale progresses.
We work alongside some highly reputable conveyancers, and can put you in contact with them, if required.
Review and accept an offer
Once viewings start to take place, you will hopefully start to receive some offers. All offers will be made in writing from the buyer and passed over to you. Sometimes, we may request proof of funds from the buyer and proof of agreement in principle from the buyers’ lender. We will also establish if there is a chain in place with the buyer.
You may be lucky and receive the offer you are looking for, or you may want to see if you can get a little more. Some offers may come in low in an attempt to negotiate, which is totally your choice.
To avoid a long drawn out process, the safest buyers tend to be those who are not in a property chain (not dependent on selling their own property before they can buy yours). First-time buyers will also be chain free, and anyone who has sold subject to a contract and are waiting for an exchange are also good options.
This is also a good time to ask us for any advice, as we may be able to help you get the best possible price from the available offers.
Of course, you always have the option not to sell and wait until you receive an offer you are happy with, but the property market is always changing, so there is no guarantee that waiting for longer will see overall prices increase.
Once a sale has been agreed we will send out a memorandum of sale out to your solicitor and the buyer’s solicitor.
Draw up the draft contract
Your conveyancer will be able to put together a draft contract between the buyer and yourself based on any terms you have agreed to.
This will include things like the period between the exchange of contracts and the completion date (which is typically 7-28 days after exchange).
If you have any fixtures or fittings included in the sale, these will also have to be put into the contract, along with any reductions that have been offered as a result of issues flagged during the surveying stage conducted by the buyer.
Exchange contracts and move out
Once the contracts have been drawn up, reviewed, agreed to and signed by both parties, the contracts can now be exchanged.
At this point the sale becomes legally binding and the buyer is committed to the property purchase. If for any reason you decide not to sell, you must return the deposit back to the buyer and they could also take you to court.
You can start to organise your possessions and prepare to move out, with the completion date being the final day you are able to leave. You must also ensure the property is left in the condition agreed to in the contract.
Complete the sale
The final stage occurs when the funds are transferred to your account via the conveyancers and the keys are handed over to the new owners.
Property deeds are also transferred between conveyancers and they will finalise the change in ownership with the Land Registry.
They will then be able to settle up the final bill, which could also involve a refund if the process was not as complicated as anticipated and less work was required as a result. You will also settle up the final transaction amount with us too.
If you are looking to sell property in North West London , get in touch, our Willesden based sales agents have over two decades worth of experience in helping clients successfully sell their properties.