Sell your property
yourself
Selling your property yourself can save you
plenty of money in commission fees but can also be hard work for
some, with the introduction of the internet and the increasing
growth of broadband connections there are many people looking online for
properties, and with sites like villacasa.co.uk you have nothing to lose
and everything to gain.
you can advertise your property in newspapers
and magazines, plan your advertising carefully and work out a budget, feel
free to use a link to this site in your advertising so potential buyers
can view pictures and information of your property
As we develop and grow we will try hard to
give you a listing of other sites like this that give a free service for
buyers and sellers alike, if you know of others please let us know.
If you do decide to sell your property
yourself you will need the services of a solicitor, speak to your
solicitor and ask questions and gain knowledge.
Selling on villacasa.co.uk
to sell on villacasa.co.uk is easy as
go to the link above > "Sell your
property" then go to > "new user start here", that will
take you to a very short form to enter your name and email address, submit
the form and you will receive a password via email shortly. (make a note
of the password and keep it safe), next go to > "Administrate
property and scroll to > "enter new records", this will take
you to login, enter your email address and password and login. you will be
taken to the adding records page where you can enter the details for your
property and the names for 4 photographs of your property in either jpeg
jpg or gif formats. ( name the picture files uniquely to yourself), if you
don't have the pictures on your computer at this stage don't worry as you
can add them later by going to the > "update records" link.
after you have entered your property details
you will be asked if you would like to upload a photograph, just use the
browse button to open the open dialog box and browse to the picture file
on your computer then click the upload picture button. if you wish to
update information or delete the information once the property has sold
simply go to administration.
Using an estate agent
Using an estate agent is still the number one
choice for sellers of property, if using an estate agent, how would
you choose which company to use? choosing the agent is one of the most
important decisions when selling a property, think about the following
when choosing and using agents:
- Reputation and personal recommendation are
a good start.
- Before you instruct an agent, check all
the services that are being paid for, either as part of a package or
as an extra. Ask about ‘For Sale’ boards, newspaper adverts,
websites, mailing lists magazines and brochures. don't forget to ask
them to use villacasa.co.uk or do it yourself while your here.
- Use an estate agent that offers high
quality service, and who has a network of branches to market your
property both nationally and internationally. If in doubt, choose an
agent who is a member of a professional body such as The National
Association of Estate Agents (NAEA), the Royal Institute of Chartered
Surveyors (RICS), the Association of Building Engineers (ABE), or the
Architecture and Surveying Institute (ASI). Also ask if they are
signed up to the voluntary Ombudsman Estate Agency scheme which deals
with disputes independently.
- As the seller, you should build a good
rapport with the agent and keep in regular contact with them, make
sure you’re kept informed as to how the sale is progressing.
- Part of the agent's service is to act as a
mediator between the seller and the buyer, show potential buyers
around your property and ensure the sale proceeds smoothly. they work
on commission and want to sell your property.
Sole agent or multiple
agency?
- You will decide whether to use a single
agent or more, but bring to mind the level of charges you will pay if
using more than one agent. Obviously, the more agents you use the more
chance there is of finding a buyer.
- When committing to an agent, read the
wording of the agreement carefully. If you opt for a sole agency, don't commit
yourself to a long-term agreement in case you are not receiving the
best service. and if you don't receive the best service then release
them (sack them)
The valuation of the
property
Supply and demand will always affect the
value of your property
- Ask two or three agents to come round and
value your property. The agent should make a thorough assessment of
the property taking into account its condition, style and location.
Most agents will be happy to justify their valuation.
- Experience has shown that some agents fall
short on the initial valuation, by this they sometimes value a
property by postcode alone, for example 2 properties go up for sale in
the same street, property 1 has a new kitchen ,bathroom and
double glazing, all the walls are plaster finished and painted,
property 2 is a bit of a dump to say the least yet the difference in
price is hardly noticeable. so if you have property 1 then ask them to
justify the almost unnoticeable difference in price from property 2,
if you own property 2 smile.
Commissions to be
paid
- Agents generally base their fees on the
selling price of the property. A single agency instructed to sell your
property usually charges up to 2.5% of the final selling price,
whereas two or more instructed agencies may charge up to 3.5%. Most
agencies work on a no-sale, no-fee principle.
- Agents are
often open to negotiation, particularly if the property has a high
sale price. The agent wants to sell the property as much as you do and
is sometimes happy to compromise rather than risk not selling your
property for you.
- Before instructing an agent, check what
services are part of their package and what are extras. Ask about For
Sale boards, advertisements in newspapers, magazines, brochures and on
websites, (particularly villacasa.co.uk) and determine how often mailing lists and brochures are sent
out.
- Should you have a dispute with an estate
agent, complaints should be directed to the NAEA, the Ombudsman for
Estate Agents (OEA) or the Office of Fair Trading (OFT).
Selling at auction
If you’re after a quick sale consider selling at
an auction and advertise this on villacasa.co.uk:
- Choose an agent that deals in property
auctions to sell your property. Most established firms of estate
agents are also property auctioneers.
- As the seller, you will be expected to pay
the agent a commission – usually 2.5% of the sale price.
- It is also normal to pay for advertising
in the form of posters and brochures and any photography. Establish
whether this is an additional cost and if it is open to negotiation.
The brochure should describe the property in detail, display a clear
photograph and list any particulars. It should also contain Special
Conditions of Sale - drawn up by your solicitor and given in the
auction contract.
Finding a solicitor
Appoint a conveyancer or a solicitor who
specialises in the conveyancing to handle the legal side of selling your
property.
- Reputation or word of mouth is usually a
good way to find the best conveyancer. Alternatively, contact the Law
Society or the Council for Licensed Conveyancers who can provide a
list of conveyancers in the local area.
- Keep in regular contact with your
conveyancer to stay up-to-date with how things are proceeding.
- Expect to pay up to 1% of the property
price (plus VAT) to cover fees. Many solicitors also ask for an
up-front payment as a deposit.
Fixtures and fittings
Clearly establish what fixtures and fittings
are to be included in the sale to avoid any problems or potential
disputes. In general terms anything that is part of the basic fabric of
the property should be included in the sale. This is often a bone of
contention. Any debatable items should be discussed with your agent and
solicitor. A list of items to be included in the sale should be kept with
your solicitor.
Preparing your home
first impressions last so:
- Make sure your property has an attractive
frontage with a tidy garden, clean exterior brickwork walls or render
etc and a smart front
door.
- tidy up any clutter
- Ensure loose door handles, dripping taps
and scuffed paint are fixed.
- Make your property feel warm and inviting
with fresh flowers, good lighting and in the evenings light the open
fire.
- Ensure pets are kept under control and
children are well-behaved when viewings are taking place.
- Although home improvements such as loft
conversions and conservatories add value to property, weigh up how
much money you will actually make before going ahead with a major home
improvement in the run up to selling your property.
- Prepare a file of information for
potential buyers including any guarantees for damp-proofing or timber
preservation, any recent surveys and service guarantees.
Gazundering
When a buyer in the final stages of a
property transaction refuses to go ahead with the sale unless a reduced
price is accepted, the seller has been ‘gazundered’. Although this
rarely happens, when it does there is very little a seller can do apart
from getting the agent to renegotiate the price or lose the sale.