10 steps to selling a house

10 steps to selling a house

Are you planning to sell a house? It can seem overwhelming but we guide you through the house selling process step by step. If you are unsure, feel free to contact us.

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Slater and Gordon have expert property solicitors ready to deal with all aspects of residential freehold and leasehold conveyancing. Contact us online today, call us on 0330 041 5869 or try our online conveyancing calculator.

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1. Think about selling

Is it worth selling the house now? Could renovations or extensions be a good alternative? What does the property market currently look like? What profit can you expect?

Try to find answers to all these questions before you decide to sell your house.

2. Contact your mortgage lender

If you decide to go ahead with selling, contact your mortgage lender. Find out what your outstanding mortgage is and if you have to pay any penalties for opting out early.

3. Draw up a budget

Will you be able to borrow enough money for the mortgage of the new house? Have you considered moving costs - surveys, estate agents' fees, searches and legal costs?

4. How do you want to sell your house?

Selling your home yourself can save you quite a few pounds but it can be a lot of work. Think about using an estate agent or an online agent to help sell the house. Carefully compare their rates and how the perform on the market.

5. Think about the price

What do you want for your house? If you are working with an estate agent, they may offer you help with evaluating the value of your home. Go online and find out what similar houses in the area cost. You could even go to a viewing to see the condition of other houses in the same price range.

Don't forget that people tend to make an offer under the asking price. So why not add 10% to the lowest offer that you would take and put that number as your price?

If you are not in a rush to sell, you may want to try a higher price range first, you can always lower the asking price.

6. Prepare the listing

A good listing can make all the difference. Take good quality, meaningful pictures of your home. Go the extra mile and clean up before pictures are being taken. Add some flowers to the table and hang clean towels in the bathroom. Think of all the hotel pictures that you like to see. If you take the pictures yourself, make sure to take them during daylight hours, if possible on a sunny day. Create a cozy, welcoming atmosphere.

If possible, provide ground plans and information about recent renovations and service work. A well organised and informative listing will make you trustworthy as a seller.

7. Prepare for the viewing

It is your chance for your home to make a good first impression. Again, tidy up and present a clean home. Remove broken furniture and make your home as spacious as possible. If you have pets, make sure to get rid of any pet hair, litter or odour.

8. Contact a solicitor or conveyancer

During the viewing process is a good time to start looking for a conveyancer. A conveyancer can help you to prepare all the legal documents and paperwork for you. A good conveyancer will also guide you through any open questions that you may have. Read our page on selling a property to get a full understanding of our services. If you have any questions, feel free to contact us 0330 041 5869.

9. Accept an offer

Your real estate agent will inform you of any offers you receive. You can accept or decline them or ask you estate agent to negotiate with a potential buyer. Accepting an offer is not yet legally binding, so if you receive a better offer, you can still decline the first offer you've accepted.

10. Work with your solicitor

From that moment onwards, it is important that you have found a solicitor you can trust. They will take care of the paperwork for you and inform you of any steps you have to take. If you have any questions during the exciting house selling process, feel free to contact us on freephone 0330 041 5869.

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