Checklist For Your Home Sale Progression
Let's be honest, selling a home can be daunting, and it’s not uncommon for people to try more than once. At this stage, you’ll be preparing your home for viewings, making it as appealing as possible, and getting ready for the paperwork ahead.
As such, sale progression is an important stage in the journey of your sale and it typically starts from when you accept an offer on your home. The process extends to signing contracts and completing on the sale.
As this is a crucial phase, we have put together a handy checklist you can use as your sale progresses...
Choosing A Solicitor or Conveyancer
You want to kick-off your checklist by ensuring that you have your solicitor or conveyancer on board. It is important to hire either of the two professionals to effectively deal with the paperwork that accompanies a home sale process. You want to make sure they come highly recommended or you can see visibly via their website or social media that they have a proven success rate. They will be the driving force, ensuring everything is chased up effectively and there are no hold ups.
Answer Appropriate Questions
It is usual for your prospective buyers to have questions concerning the property they are about to purchase. You will do well to provide answers to these possible questions to ensure each prospective buyer can see if the property is truly for them. Oakley Property can help here. We'll know the typical questions they are likely to ask and assist with any of the more quirky inquiries.
Accepting Offers
As offers begin to trickle in, your agent is under an obligation to inform you of each offer while guiding you to make a beneficial decision. If you do accept one of the offers you consider to be fair, your property will be taken off the market and processes to sign a contract and transfer ownership will begin!
Create A Draft Contract
At this stage, you and the buyer have agreed on the price and are ready to move forward. You'll set a timeframe for completing the contract and address any outstanding matters. Surveys and checks will take place, while your agent and solicitor ensure everything is resolved before the exchange of contracts.
Exchange Contracts
Here, both parties have agreed on everything and contracts will be signed. Then you’ll both work together to set a completion date and hand over keys.
Complete Sale
To complete the sale, you will commit to move out on a certain date and also pay off the mortgage on the property if applicable. A mortgage company usually gives you the outstanding figure to be paid on your property and your agent can help you complete the process.
The final process involves you paying your agent for work done based on your prior agreement with them and the registration of the sale/new ownership at the Lands Registry will be done.
Congratulations, you’ve sold your home!
