The Selling Process
Arrange a Market Appraisal
- Your local Estate Agents should have an abundance of knowledge on the property market and setting the correct price for your property. However, make sure you do your own research also!
- It is important to keep in mind that asking prices are not actual sales figures, so it may be better to research the sold house prices.
Choosing the Right Agent
- You want an agent you can trust and communicate with. You are putting your home in the hands of someone else, therefore it’s important that you have a trusting relationship with your agent.
- You want your property to be gain maximum marketing exposure. Here at Duffin’s we advertised on Rightmove, Zoopla, Prime Location, On the Market and The Lancashire Evening Telegraph. We have a newly refurbished office on the high street as well as high profile website. Your property will not be missed!
- Sales Fee: The Estate Agents market is extremely competitive, so don’t be afraid to negotiate the sales fee.
- Make sure the agents accompanies all viewings where possible. The benefit of this is that the agent should be able to offer a viewing where the buyer feels comfortable to give honest feedback. Viewers are generally more honest with negative feedback to the agent than the owner and you will want to know the reasons why your property may not be selling.
- Once a sales price has been agreed, the agent will begin to market your property.
- If the property is correctly priced and adequately markets, you should be inundated with interest. On the other hand if the property is not marketed on the correct advertising portals or the price is over inflated, you may receive little or no interest in the property. This could be detrimental for your marketing.
Preparing your property
- Repairs: Whilst it is easy to live with small jobs that can be “done later” viewers will always been drawn towards them. An honest agent will point these “room for improvements out to you”. Here at Duffin’s we offer an in-house maintenance team that can offer you help, from the “odd job” to a full property refurbishment.
- Kerb Appeal: Nine times out of 10, a viewer will visit a property/area prior to arranging a viewing on your home so first impressions count. Ensure the garden is tidy and the guttering is clean for example so that potential buyers are attracted to your property before even setting foot through the door.
- Here at Duffin’s we think accompanied viewings are extremely important. We generally advice vendors not be present if possible, as this can sometimes make the buyer feel pressured into giving honest feedback.
- The person that carrying out the viewing should be able to give market advice as well as information on your property.
Agreeing an Offer
- Once you have agreed an offer, the Agents will check the buyer’s credentials. I.e. Proof of Funds, mortgage details etc.
- You will then need to instruct a solicitor. Here at Duffin’s Estate Agents we have an excellent selection of preferred solicitors who can provide you with a no obligation quote.
- Be prepared to allow access for any survey that the purchaser may want carrying out.
- Once the survey and all searches & enquiries have been carried out, contracts will be exchanged. This means that you are legally committed to selling the property.
- Our sales team will keep you updated every step of the way.
- A completion date will be agreed with both parties’ solicitors. Upon completion the outstanding monies will be transferred into your solicitors account. Once this has been done and all the contracts have been signed, the sale will be complete.
- You will need to ensure that the property is left as agreed in the contract and the keys are handed into the Agent to give to the new owners.