Checklist For Your Home Sale Progression
In all honesty, selling a home could in most cases, prove to be a daunting task and It’s hard to get it right the first time. When you first go on the market, you start to prep your home for viewings, putting the work in to make it attractive, but the bigger job is yet to come – Keeping on top of your sales progression.
As such, sale progression is an important point in the process of the sale of your home and it typically starts from when an offer is made for your property, and you have accepted.
As this is a crucial phase, we have put together a checklist that should come handy as the process of selling your home progresses…
CHOOSING A SOLICITOR OR CONVEYANCER
You want to kick-off your checklist by ensuring that you have your solicitor or conveyancer on board already. This company needs to effectively deal with the paperwork that accompanies a home sale process. In choosing one, you want to make sure they come highly recommended, or you can see visibly via their website, social media or google reviews, that they have a proven success rate. They will be the driving force, ensuring everything is chased up effectively, and there are no hold ups.
ANSWER APPROPRIATE QUESTIONS
It is usual for your prospective buyers to have questions concerning the property they are about to invest in and as such, so, provide answers to questions so each prospective buyer can see how much of your property fits what they are looking for. Your agent can be of help here, knowing what they are likely to ask.
ACCEPTING AN OFFER
As offers begin to trickle in, your agent is under an obligation to inform you of each offer while guiding you to make a beneficial decision. If you accept an offer, your agent will gather their ‘due diligence’ documents from the buyer, then property will be marked SSTC and a memorandum of sale will be sent out. Then, the conveyancing process begins.
CREATE A DRAFT CONTRACT
At this stage, you and your buyer have agreed that the property fits their bill and you want to sell for the price they are offering. They may instruct a surveys and checks will be made by their solicitor. Your agent and solicitor will chase up any resolutions which need to be completed before an exchange of contracts.
EXCHANGE CONTRACTS
Here, both parties have agreed on everything and contracts will be signed. You will have agreed on a date for ‘completion’, Then the solicitors will ‘exchange contracts’ locking in your agreed completion date.
COMPLETE SALE
To complete the sale, you will commit to move out on a certain date and most solicitors will advise you to be out of the property before midday. Your solicitor will call both you and your agent, to let you know the transaction is done – congratulations, you’ve sold and completed. Now your solicitor will pay down any outstanding mortgage monies, your Estate Agent frees and update land registry with the new owner’s details