We know that selling your home can be a daunting process. At Banner Jones, we’ve helped thousands of families to buy and sell their homes, with offices based in Sheffield, Chesterfield, Mansfield, Dronfield and London.
Why choose Banner Jones for selling your home?
As a leading Legal 500 UK law firm and accredited by the Conveyancing Quality Scheme, we can offer you a fast and efficient process that is approved. By choosing Banner Jones to do your conveyancing for buying and selling your home, you will get a great rate!
Why choose Banner Jones for conveyancing?
- We offer a friendly and efficient service.
- You will have a dedicated in-house conveyancing solicitor handling your matter from start to finish.
- We can offer conveyancing quotes, locally, regionally or nationwide. Banner Jones is accredited to provide conveyancing quotations to businesses and individuals in England and Wales.
The process of selling your home
Step One: Get your house on the market
It is recommended that you get a free valuation from your estate agent. Always remember that estate agents will want a fee for selling your home and potential buyers will try to negotiate a lower price. However, it is advisable to add an extra 5% to 10% on your asking price. So when someone does offer you a lower price, it has been accounted for.
Step Two: Instruct an estate agent
Most estate agents will offer a free valuation before you put your home on the market. This is a good opportunity to get to know the estate agent and ask any questions on how they’re going to market your home. It is a good idea to meet with two or three estate agents before deciding.
Step Three: First impressions count! Make sure your property is looking its best
Before your estate agent starts to market your property, ensure that your home is in top condition. You will improve the chances of getting more views and a better price for your property.
Step Four: Instruct a conveyancing solicitor
Your conveyancing solicitor will act on of your behalf and start the legal process of buying and selling your property.
Once we have been instructed to take care of your conveyancing matter, we negotiate a draft contract between you and the buyer and the buyer’s solicitors.
By choosing Banner Jones for both the buying and selling process of your property, you will save time and money.
During this time, the buyer may instruct a surveyor to inspect and assess the current state of your property. If the surveyor finds any problems such as dampness or major construction work is needed, it is possible for the buyer to lower their offer.
The buyer's solicitor will make some enquiries about your property which will form a questionnaire.
This questionnaire will highlight:
- the boundaries of the property
- any restrictions on the property
- what fixtures and fittings are included with the sale of the property
This information will be used to develop contracts between both parties.
Step Five: Exchange of Contracts
When all the terms between the buyer and seller have been agreed, the final contracts will be written up and then exchanged. At this point, both parties are legally bound with the sale and purchase of the property.
If you have an existing mortgage, we will obtain a redemption figure from your lender and create a financial statement. This will cover every aspect of the transaction process.
Step Six: Moving Out
As you’re selling your property, it is essential that you have moved out before the completion date. It is recommended to allow yourself more time to move out before agreeing on a completion date with your solicitor and the parties involved.
Step Seven: Completion Date
On completion day, this is when the property changes ownership. You will accept the payment from the buyers in exchange for the deeds and the keys to the property.
Your conveyancing solicitor will transfer ownership with the Land Registry on your behalf. You will also pay any outstanding money on your mortgage, any conveyancing fees and any stamp duty to your solicitor.
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We have put together a guide on Buying & Selling houses to provide you with some fundamental insight as well as outlining the overall process of each.
We have outlined the process of selling a home in our easy to digest, downloadable guide which provides you with essential information on the 6 stages of buying a home.
Check out our top tips below to ensure a smooth and easy moving day.