ith 70% of potential A property valuation is necessary
home buyers looking whether your selling privately or
online to find property using an agent so that you know
and with estate agents charging what is a reasonable asking price
up to 4% in sales commissions, for your home.
more and more people are starting
to consider selling their You can do this by looking to see
property privately. what other similar properties in
your area have sold for recently
Estate agents usually charge a or by asking a qualified surveyor
sales commission of between 1.5% to make a valuation for you.
to 4%, plus VAT.
Step 2: Marketing Your Property
This means that on a "£200,000
property where the sales If you are looking to sell your
commission is 2.5% you would have property privately you might want
to pay "£5,000 sales commission to think about advertising on
plus "£875 in VAT. some of the private property
sales websites.
If you sell your property
privately, you don't have to pay Step 3: Viewings
any sales commission.
If you sell your property
In this article we have outlined privately, prospective buyers
the private property sales will contact you directly to
process to help you understand arrange to come and see your
the different steps involved. home. Make sure that it is clean
and tidy before viewings and
Step 1: Valuing your Property don't be afraid to ask your
visitors for feedback.
Step 4: Offer Step 5: Exchange of Contracts
If you are selling your property Once a completion date has been
privately, then you will need to agreed, both parties sign the
negotiate any offers that are contract and the buyer gives you
made. Once you have accepted an a deposit.
offer you and the buyer need to
instruct a solicitor to sort out Step 6: Completion
the conveyancing. This is where
your solicitor prepares the draft The completion of the sale is
contract and necessary paperwork where the buyer pays the seller
and the buyer's solicitor looks through solicitors and ownership
over contract, contacts land is transferred.
registry, begins searches.
About the Author:
Property for me.co.uk (http://www.propertyforme.co.uk) is a private sales site covering the whole of the UK designed to help you save money in estate agents commission fees.
Source: www.isnare.com
