Sales Frequently Asked Questions
Below are some of the frequently asked questions we receive.
You will need to check your current Terms and Conditions that are in place with your current agency, we do accept instruction on a dual agency basis and we will be happy to provide an appraisal and any advice free of charge.
Generally, if you are selling your own home, there will be no CGT to pay, however there are certain conditions that must be satisfied to guarantee this. If it is a second home or a buy to let property the likelihood is stamp duty will have to be paid.
You will need to vacate the day the property completes, however you can agree a mutual date through solicitors to suit you and the buyer. The keys will have to be with the agents or solicitors ready for this date.
No, it is only the buyer that has to pay stamp duty. There have been many legislative changes regarding stamp duty, and there will be further changes on 1st April 2016 regarding this tax on buy to let properties. If you are unclear please ask your agent if this will effect you.
When you have accepted an offer, we will generally withdraw the property from any further viewings. A solicitor will need to be instruct, if it hasn’t already and you will kept up to date through the process.
No, your agent will advice you if there is anything that would really help sell the property, however it is usually worth getting some buyer feedback before making any major alterations.
These prove who owns the property, if you have a mortgage your bank or building society will generally hold a copy. They will need to be sent the the buyers solicitor before completion can take place.
No, all of the costs are include in the packages, there are optional additional extras that your agent will go through with you, however these are not mandatory but may help to sell your property quickly.
Each solicitor is different, if you do not have a solicitor we can recommend some in the local area that will be able to help.
It is a legal requirement to have commissioned an EPC before marketing can start. We have contacts that can sort this for you, so please ask for further information.
We would require an EPC before we could market the property. We would also require you to approve the particulars, sign all of the terms and conditions and give us a copy of your identification.
We will continue to market the property on the portals until completion, however it would be made clear that the property is ‘under offer’. We will continue to take details of anyone interested until completion.
We would hope to find a buyer as quickly as possible, however we would make sure that they were properly vetted financially, to make sure that the sale went through as smooth as possible.
Yes, due to our cutting edge technology we are able to produce a report on each and every property and this states all of the information you would require including viewings, offers and feedback. You can request a copy of your property report at any time.
We currently have a large list of buyers and investors on our books, when your property is marketed it will be sent to all of the applicants that the property is relevant to.
Yes. If the property is vacant or you to permit us to conduct viewings whilst you are away from the property an agent will always be present. We would never give keys to a prospective buyer.
No, we sell properties on a ‘no sale, no fee’ basis, however if you later sell your property to a buyer that was originally introduced by us, you could be liable to pay the fees. There will be a withdrawal fee if you remove the property whilst still in contract or don’t give the correct notice fee.
Our terms of business are based on the guidelines recommended by the Office of Fair Trading and will be confirmed to you in writing before we commence marketing your property.
In 2004, the government changed legislation regarding anti-money laundering, meaning all estate agent must obtain a copy of the vendors ID to aid this.
Property valuations are usually based on what properties have sold for in the current area, property condition, location and circumstances. You will find that the property valuation will be accurate to the current market conditions, however you may want to ask other agents to value your property or conduct some market research to check you are happy with the price.
Every house is different, but we can assure you that we cover 100% of the online market with the online portals we use so you are getting the best coverage possible. When an offer is accepted, it usually takes 6-10 weeks for the sale to complete.