First check your lease. Many Housing Associations have nominated us as their preferred selling agent. This gives us an eight-week (occasionally six weeks depending on the lease) nomination period to try and find a buyer for your home. This is to help other first-time buyers and helps make sure you are given an efficient and cost-effective service.
1. Contact us by filling in the form below. We will then confirm with your landlord that you can go ahead and sell. once you have received confirmation.2. Instruct an RICS Surveyor to value your home. They’ll be a fee for this so make sure you know what it is before instructing the survey. Remember – this report is only valid for 3 months and having it done doesn’t commit you to sell your property3. As the homeowner, you’re expected to provide prospective purchasers with an EPC. This reports on energy saving and offers a rating for your home.4. Let us know that you want to proceed, and a member of our team will contact you to arrange to meet you at your property.5. We’ll meet you and answer any further questions you may have, take photographs, and measure up for floor plans so we can start marketing your property6. Following the visit, we will send you a confirmation of sale letter detailing the particulars of your sale along with the valuation report and draft sale sheet. If you’re happy with it all you’ll need to do is sign and return it to us7. We’ll start marketing your property to our database of buyers as well as advertising on Rightmove, our website, our social media channels and online portals8. All eligible applicants will be screened and then asked to contact you directly to arrange a viewing of your home9. Once you have accepted an offer we’ll pass on all the details to the relevant solicitors. It then becomes your responsibility to make sure things are moving forward. Of course, we’ll be on hand to help if you need us.
Non-refundable administration fee £250+VAT
Sales fee payable on completion £500+VAT*
*If there are any local restrictions in the lease the sales fee is £750 (£1000 + VAT in Total)
Plus, you’ll also need to pay for an independent valuation, an EPC certificate and any legal costs.
We don’t want to waste your time by sending you people who, for one reason or another, wouldn’t be suitable that’s why all potentials buyers must:
- Fill in a comprehensive application form
- Have their financial viability checked with an Independent Financial Advisor.
You’ll need to find and instruct a solicitor to manage the legal aspects of your sale.
They will liaise with the buyer’s solicitor and answer any enquiries they may have about the purchase.
In the unlikely event that we cannot sell your property in the nomination period, you can continue with us at the same fee or instruct another agent.
If you decide to sell with us or another agent after the 8 weeks, you can sell for either the full market value or the share price. If a buyer wants to purchase the share, you have to sell at the current market value stated on your up-to-date valuation report – we are unable to accept offers and the buyer will have to be approved by us.
Please note, if a buyer for your share has not been introduced by us, you’ll be responsible for covering our solicitor costs as well as the admin fee and it may delay the sale.
If you decide to sell the property outright, you can accept an offer higher than the valuation amount, but the landlord will still require their share based on the sale price. You’ll be responsible for paying the agents fees. You would not be able to accept a lower offer unless you’re prepared to make up the shortfall.