Selling a House

Selling a property can feel daunting. But it doesn’t need to be. We’re here to help you with the legal side of the process, so you can focus on moving into your new home.

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I want to sell my house – where do I start?

Selling a house and moving to a new property can often be more complex than buying your first home. There’s a lot to consider, but where should you begin?

The most important thing is that you’re happy with the decision to sell your property. So we would suggest looking through all your options before doing anything else. For example, if you’re moving for more space, consider whether extending your existing property could be more cost-effective.

When you’ve weighed up your options and made your final decision, it’ll be time to start the process for selling your house.

What is the process for selling a house?

The prospect of selling your home can seem overwhelming, but it can help to break down the process into stages. There are eight key steps that will be involved when selling a property. These include:

  1. Sorting your finances
    First, you should ensure you know the exact state of your finances. This will help you to work out whether selling up is an affordable option for you right now. Consider the costs of selling – such as estate agent fees – and how much money you’d need to buy somewhere new.
  2. Sprucing the place up
    Next, get your house looking as good as possible. The cleaner, tidier and less cluttered a space is, the more appealing it will be. Create a list of priorities for any necessary improvements and try to highlight the property’s best features.
  3. Getting your home valued
    You should then arrange some valuations. We’d suggest having at least three estate agents value the property. You should also look online for houses selling in your area to get a better idea of how much your property could sell for.
  4. Instructing a solicitor or conveyancer
    Once you have your valuations, you can decide whether you wish to use an estate agent to market your home or do this yourself. You should also start thinking about instructing a solicitor or conveyancer at this stage to handle the legal aspects of the sale.
  5. Getting your EPC
    You must provide an Energy Performance Certificate (EPC) to buyers so they know how energy efficient your home is. You or your estate agent will need to have this available within seven days of your home being put on the market.
  6. Accepting an offer
    When you start receiving offers on your property, it will be up to you whether you accept or reject them. You could try to negotiate for a higher price. After accepting an offer, it will be time to negotiate a draft contract – a conveyancer or solicitor can help with this.
  7. Exchanging contracts
    At this stage, you’ll be legally required to sell your property to the buyer. If you withdraw after this point, the buyer will have their deposit returned to them and legal action could be taken against you.
  8. Moving out and completing the sale
    You can move out whenever you like, up until the day the sale is completed. But it can be less stressful to move before this date if you can. On the day of completion, you’ll hand over the keys and receive payment for the property.

These are the basic stages of selling a house, but the process may vary depending on your situation. So we would always suggest speaking to a legal specialist when you make the decision to put your house up for sale.

Why choose First4Lawyers?

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