Information for property sellers

The following is a step-by-step guide to the process of selling your property. If you are either selling for the first time, or if you have sold many times before, you may find it helpful as a refresher.

Valuation

To request a free valuation of your property you can either call us, visit our office or complete the Valuation Request form on this website, click here.

Processing the property

Once confirmation of your instruction has been received, one of our team will process your property for marketing purposes. From one visit they will produce high quality digital photographs, produce 360° virtual tours, if requested, a full set of architectural floor plans, write and design property particulars for both on-line and off-line marketing and source the relevant location maps. This complete set of property details is then uploaded onto The Property Shops property website and other property sites dealing with the Brighton & Hove City area where it is marketed to thousands of potential buyers.

Legal

A solicitor will be required to handle the legal paperwork involved in transferring ownership of your property to the new buyer (conveyance). It is advisable to instruct your solicitor at the same time as putting your property on the market, to allow for collection of the necessary documentation. If you wish, we can recommend an efficient, value for money solicitor.

On the market

When you instruct The Property Shop to sell your property you automatically benefit from our unrivalled, comprehensive package of Marketing, including multiple Web sites, main shopping street window advertising, weekly property paper advertising and full colour details. These are designed to achieve maximum exposure for your property in order to obtain the best price quickly and efficiently.

Viewings

It is our job to sell your property for you, which is why in almost all cases we show the prospective purchaser around the property. We conduct many viewings every week, many of which take place during evenings and weekends.

Receiving an offer

As soon as an offer is received we will notify you both verbally and in writing with the appropriate recommendation.

Agreeing to sell

Once a purchaser has been established and the price accepted it is vital that the following details are agreed:

  • Date for exchange of contracts
  • Date for completion
  • Details of any extras included or excluded from the purchased
  • We will advise you and negotiate on your behalf throughout this process, keeping you informed every step of the way
  • Draft contract and supporting paperwork

    Once the transaction is agreed, your solicitor will send out a draft contract to your purchaser's solicitor who in turn carries out preliminary enquiries and orders a Land Registry search. They will also organise all the supporting paperwork (where applicable), ie: Title Deeds, copy of Lease, fixtures and fittings list, seller's questionnaire, planning consent, guarantees, copy of building regulations and share of freehold certificate

    Service charge accounts and building insurance

    (in general this is not applicable to freehold properties)

    We recommend that you forward copies of your service charge accounts over the last three years, estimates for the forthcoming year, and building insurance certificates, to your solicitor the moment you instruct us to market your property. Alternatively, in the case of apartment blocks, you can ask your solicitor to collect these documents from the Managing Agent.

    Contract approval

    This is when all preliminary enquiries from the draft contract and local search queries have been settled.

    Exchange of contracts

    Most buyers require mortgages. Once the mortgage offer has been confirmed, the purchaser is ready to exchange contracts with the seller. The contract is signed by both the buyer and seller(s) and the deposit, (usually between 5% -10% of the purchase price), is either telegraphically transferred or paid by the buyer's solicitor, by banker's draft. The completion date is set at this stage.

    Completion

    This is generally set between a few days and a few weeks after exchange of contracts, depending on the personal requirements of the buyer and seller. The residual monies (usually 90%) are transferred from the buyer's solicitor to your.

    This is generally set anything between a few days and a few weeks after exchange of contracts, depending on the personal requirements of the buyer and seller. Residual monies from the buyers mortgage company (usually about 90%) are now transferred from the their solicitor's account to your solicitor's account. Finally Congratulations, you are now sold your property.

    Register your details with us, so that we can send you the newest properties coming to the market as soon as they appear on our website.
























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