A guide to selling your property in UK

Selling a property in the UK involves several steps and careful planning. Here’s a comprehensive guide to help you through the process:

Preparing to Sell

Valuation: Obtain a valuation from several estate agents to understand the market value of your property.
Mortgage: Check your mortgage terms to see if there are any early repayment charges.
Documents: Gather all relevant property documents, such as title deeds, EPC, and any guarantees or warranties.

Choosing an Estate Agent

Research: Compare local estate agents based on their fees, services, and reputation.
Contracts: Understand the terms of the contract, including fees and the duration of the agreement.
Online Agents: Consider online estate agents as a potentially cheaper alternative, though they may offer fewer personalized services.

Setting the Price

Market Conditions: Consider current market conditions and local property trends.
Flexibility: Be prepared to negotiate and potentially lower your asking price if necessary.

Marketing Your Property

Photography: Invest in professional photography to showcase your property at its best.
Descriptions: Write a compelling property description highlighting key features and benefits.
Listings: List your property on major online portals like Rightmove, Zoopla, and on the estate agent’s website.
Viewings: Prepare your home for viewings, ensuring it is clean, tidy, and free of personal clutter.

Negotiating Offers

Offers: Review offers with your estate agent and consider the buyer’s position (e.g., chain-free, mortgage approved).
Acceptance: Accept an offer formally through your estate agent and begin the conveyancing process.

Conveyancing

Solicitor or Conveyancer: Hire a solicitor or licensed conveyancer to handle the legal aspects of the sale.
Contracts: Work with your solicitor to draft and review the contract of sale.
Enquiries: Respond promptly to any enquiries raised by the buyer’s solicitor.

Exchange of Contracts

Agreement: Once both parties are satisfied, you’ll exchange contracts, making the sale legally binding.
Deposit: The buyer pays a deposit (usually 10% of the purchase price) at this stage.
Completion Date: Agree on a completion date, which is when the property ownership is transferred.

Completion

Final Preparations: Ensure all agreed repairs or conditions are met before completion.
Move Out: Move out of the property and leave it in the agreed condition.
Final Payment: On the completion date, the remaining funds are transferred, and the buyer takes possession of the property.

Post-Sale

Mortgage Settlement: Your solicitor will pay off the outstanding mortgage if applicable.
Fees: Pay the estate agent’s fees and any other associated costs.
Taxes: Consider any Capital Gains Tax implications if the property is not your main residence.

Tips for a Smooth Sale

Flexibility: Be flexible with viewing times to accommodate potential buyers.
Communication: Maintain regular communication with your estate agent and solicitor.
Realistic Expectations: Understand that the process can take several months, and be prepared for potential delays.
Resources Government Guidance: Visit gov.uk for official guidelines on selling property.
Professional Advice: Consider consulting property professionals or financial advisors for tailored advice.
Local Market: Stay informed about the local property market to make well-informed decisions. By following this guide and being proactive, you can navigate the property selling process smoothly and successfully.

Get in touch

If you are interested in any of the above services or would like to speak to someone about your property transaction, please contact your local branch using the link below.

Get in touch

Tips for a Smooth Sale

Flexibility: Be flexible with viewing times to accommodate potential buyers.
Communication: Maintain regular communication with your estate agent and solicitor.
Realistic Expectations: Understand that the process can take several months, and be prepared for potential delays.
Resources Government Guidance: Visit gov.uk for official guidelines on selling property.
Professional Advice: Consider consulting property professionals or financial advisors for tailored advice.
Local Market: Stay informed about the local property market to make well-informed decisions. By following this guide and being proactive, you can navigate the property selling process smoothly and successfully.

A guide to selling your property in UK

Preparing to Sell

Choosing an Estate Agent

Setting the Price

Marketing Your Property

Negotiating Offers

Conveyancing

Exchange of Contracts

Completion

Post-Sale

Tips for a Smooth Sale

Get in touch

Lettings Department

Property Management Centre

A guide to selling your property in UK

Preparing to Sell

Choosing an Estate Agent

Setting the Price

Marketing Your Property

Negotiating Offers

Conveyancing

Exchange of Contracts

Completion

Post-Sale

Tips for a Smooth Sale

Get in touch

Lettings Department

Property Management Centre