If this is the first time you have sold a property or you haven't moved in some time, below is a guide to the key stages in the selling process.
Astley & Co will visit your home to assess its value, discuss marketing strategy, fees and terms of business.
Before starting your property search speak to a mortgage advisor, we would recommend, Martyn, our in house advisor, to confirm what your budget is. He will assess your financial circumstances and commitments and suggest the most suitable mortgage options. You can then obtain a mortgage agreement in principle and start your property search.
Going on the Market
You will need to agree on the marketing price of your property and sign our agency agreement. We will then take photos and measurements of your property ready to begin marketing. An Energy performance certificate (EPC) is a certificate that shows in detail the energy performance of a building. It is a legal requirement if you are selling or letting your home to have an EPC.
Astley & Co will advertise your property extensively. As soon as the details are put on the system we will match them to prospective buyers on our database and generate viewings. Marketing procedures includes your property being advertised on the major property portals including Rightmove, Zoopla and our own website www.astleyandco.com. A For Sale Board will be erected and your property will be displayed in our illuminated office window displays.
We can make recommendations for local solicitors but we do advise instructing a solicitor as early as possible so that when you accept an offer everything is in place, speeding up the whole process.
Prospective buyers will view your property, by appointment through Astley & Co. Ensure your home is presentable before every viewing. First impressions really do count, with most buyers forming an opinion within the first 15 seconds on entering a property.
We will communicate all offers made by telephone and in writing. We will work to negotiate between you and the buyer to arrive at a sale price that you both agree to. Consider all offers and accept the one you are happy with.
Confirmation of Sale
Once an offer is agreed we will prepare a Memorandum of Sale which provides details of the property, agreed sale price, name and address of yourself and the buyer and your solicitors. This is then sent to everyone concerned.
On receipt of the Memorandum of Sale a draft contract will be prepared by your solicitor and sent to the buyer's solicitor who will make preliminary enquiries and conduct local and land registry searches. If no further enquiries are needed the buyer's solicitor will approve the contract. We will manage sales progression in our office, making regular contact with all parties so that queries are dealt with quickly and customers are kept fully up to date.
Exchange of Contracts
When all the legal paperwork is prepared and a formal mortgage offer has been received the contract is signed by both buyer and seller and a deposit is paid. This is a formal binding contract committing you to buy the property. At this stage a date for completion will be suggested.
Congratulations – Your sale is complete and the keys are handed over.