FINLAY BREWER'S TIPS FOR SELLING YOUR HOME - PART 2-THE NEXT STEPS

IMMEDIATELY/WEEK 1:

1. ID and Anti Money Laundering

As part of the legally required compliance procedure we will request your ID (passport), proof of address (no more than 3 months old) and signed Terms of Business (as agreed with you). We will not show any prospective buyer your property without these documents as it is against the law to do so. Any agent that does so is breaking the law which we simply will not do.

2. Viewings

Once viewings are under way we will update you on feedback received whilst also keeping you updated on current market performance.

3. Offers

All offers will be confirmed to you in writing. We will then discuss and guide you through the negotiations and provide expert advice on both the positives and negatives of each offer.

YOU’VE ACCEPTED AN OFFER – WHAT NEXT?

4. Memorandum of Sale

We will issue the Memorandum of Sale (MoS) to all parties which sets out both the seller’s and buyer’s details together with both acting solicitors and in addition to any special terms and usually the proposed exchange and completion timeframe. Please instruct your solicitor to keep Finlay Brewer in the loop at all times.

5. Certificates & Guarantees

Please send your solicitor any certificates and guarantees for works you’ve had done including FENSA (window replacement) certificates, proof of planning permission and Building Control Completion Certificates.

6. Enquiries

Your solicitor will send you various enquiries which have been invariably raised by the buyer’s solicitor and/or the buyer(s). Please respond to these promptly in order to expedite your exchange of contracts.

7. The Survey(s)

The buyer may require surveys on your property including a mortgage survey/valuation on behalf of the lender and a building survey on behalf of the buyer(s). We would recommend that you make the following documents available for the building surveyor which they will reference and/or request:

• Details of planning applications

• Copies of guarantees

• Gas safety and electrical certificates

• Documentation of any recent works

8. Common issues that arise on Building Surveys

Issues commonly arising from a survey:

• Damp issues (rising damp and/or penetrative damp from broken seals etc)

• Age of boiler

• Condition of roof and windows

AFTER APPROXIMATELY 4-6 WEEKS:

9. Solicitors & Contract

Your solicitor should report to you, in advance of sending you the contract for signature, and confirm exchange and completion dates.

10. Exchange & Deposit Funds - Almost there!

In readiness for exchange of contracts your solicitor will ask the buyer(s) to transfer the deposit funds which is usually 10% of the purchase price. At the point of exchange of contracts the Completion Date must be confirmed before exchange can take place.