Selling a property can feel complex, especially for first-time sellers. Knowing what to expect at each stage makes the process smoother and less stressful. Here’s a step-by-step guide to the typical sales journey.
1. Valuation
Your estate agent will assess your property and provide a realistic market valuation. This helps you set the right asking price to attract buyers while maximising your return.
2. Marketing the Property
High-quality photos, floorplans, and descriptions are prepared. Your property will be advertised on major portals, social media, and through the agent’s buyer database.
3. Viewings
Buyers schedule visits to see your home. Flexibility helps generate interest. A clean, decluttered, and well-presented home makes a strong impression.
4. Receiving Offers
Offers may come in at or below your asking price. Your agent will advise on negotiation strategy to achieve the best outcome.
5. Offer Acceptance
Once you accept an offer, a provisional agreement is made. Both parties’ solicitors are instructed to handle the legal work.
6. Conveyancing / Legal Checks
Solicitors carry out searches, draft contracts, and liaise with mortgage lenders if needed. This stage ensures the sale is legally sound.
7. Exchange of Contracts
Contracts are signed by both parties, and a completion date is agreed. At this point, the sale becomes legally binding.
8. Completion
On the agreed date, the remaining funds are transferred, and the keys are handed over. The sale is final, and you receive your proceeds.
9. After Sale
Pay off any mortgages, settle fees, and keep records for tax purposes. If applicable, plan your next property purchase or move.
Final Thoughts
Understanding each step of the sales process reduces uncertainty and helps you feel in control. Working with an experienced estate agent ensures everything runs smoothly and efficiently.
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