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Looking to sell a property? Here’s a guide to how it all works, from Nicholas Estates

Written by Ipswich Building Society

19 Jul 2018

Tags

Member Offer, Nicholas Estates, Top Tips

3 min read

When selling a property there is an awful lot to think about.  

Firstly, you need to establish what your home is worth. You can do this by booking a free valuation with a reputable estate agent (such as Nicholas Estates). This will equip you with an accurate valuation in line with the current marketplace.

Next you should compile a list of how much the entire process will cost you, you should also factor in any costs associated with your onward purchase (if applicable). These figures should include your estate agent selling fees, legal conveyance fees and stamp duty land tax. Don’t forget smaller associated costs such as removals.

When selling your home you are legally required to have an Energy Performance Certificate, which is often referred to as an EPC. This is a report which details the energy efficiency of your property, giving it a score from A (most efficient) to G (least efficient). EPCs are valid for 10 years.

Your estate agent should advise you of the best marketing strategy to achieve the highest price for your home. On your agreement the property will be placed on the market and you should now be prepared for viewings to take place (see our guide here).

After viewings have taken place it is vitally important that your estate agent contact you with any feedback and quickly relay details of any offers made. You will be given the option to accept or reject the offer and it is useful to have an acceptable offer price firmly in mind during the negotiation process.

Once you have accepted an offer your solicitor will see you through the process of reaching the exchange of contract and preparing you for moving day.

Nicholas Estates is an independent, local estate agency in Ipswich, Woodbridge and Felixstowe. Nicholas Estates work with buyers, sellers, landlords, tenants and businesses looking for commercial property, and are committed to providing excellent customer service. For more information about Nicholas Estates click here.

Ipswich Building Society members are entitled to 20% off fee packages with Nicholas Estates. To access your discount show your passbook or membership card. Minimum fee £1,000 plus VAT applies. Click here to view all member offers.

This article was published under our previous name of Ipswich Building Society. We changed our name in 2021 – find out more.

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