How To Sell Your Property In Banbury

Deciding when to sell

Many people think Spring is the best time to sell. Traditionally this may be true and perhaps more houses are sold around this time. However, this means that over the winter period houses can often be sold faster and for a better price as there is less competition on the market.

Ultimately it is the individual circumstances that will determine when the best time is for you to sell your house.

Getting ready

• Prepare the house, tidy, de clutter, paint if necessary and de personalise. Clean inside and out as well as ensuring the garden is in good seasonal order ( why not check our Tips for selling page below)
• Check with your mortgage company (if mortgage is applicable) that affordability is there and that you have no early redemption penalty.
• Look at costs involved in moving i.e. stamp duty, solicitor fees and removal fees and ensure you can afford to move.

Tips for selling

Finding a buyer

• Put the house on the market and start receiving viewings.
• Start to investigate where you want to live and start viewing properties within the chosen location that meet your new requirements.
• Pick a local solicitor who you trust and fill In any paperwork prior to an agreed sale to speed things up.

Offer negotiation

Considerations to think about when accepting an offer other than the price are the position of the buyer and how quickly you want to move. Whether they have something to sell or are chain free. The financial position of the potential purchasers should be verified before an offer is accepted, required dates ascertained and chain details along with any time restrictions also gathered.

Congratulations!

You are now proceedable and in the position to make offers on properties you like. Once your property has been found you can instruct your solicitor and start the legal process as soon as the chain is closed.

Sales progression

The Sales Progressor will liase between all parties involved whilst keeping you informed every step of the way to ensure a smooth sale.

Exchange and completion

Exchange of contracts is the final step in house purchase, under English law, and occurs after a solicitor has carried out all necessary searches and there is agreement to the contract terms. Once each party has signed the contracts and they have been exchanged, they are legally binding. At exchange of contracts, any deposit needed must be paid, and arrangements for building insurance must be made so that the property is insured from that day.

Completion is the point where the purchaser’s conveyancing solicitor wires the purchaser’s money from their bank to the vendors conveyancing solicitors bank account, the ownership of the property is transferred to the purchaser.

Moving day

We advise not to book your removal vans until you have exchanged contracts and set the completion date.

The day has come when you say goodbye to your old home and hello to your new home!