Frequently Asked Questions - Sales
Frequently Asked Questions
Q. Should I put my house on the market before I start looking for a new property?
In order to maximise the value of your property, we would recommend you start marketing prior to looking for your new home. This ensures you are not under pressure to accept the first offer(s), in order to secure an onward purchase. We would advise interested parties of your position, prior to carrying out viewings and finalising offers. Furthermore, once you have acceptable offers on your home, you would be in a stronger position when making offers to buy a home.
Q. How much will it cost to sell my property?
The costs involved in selling your property are as follows:
Energy Performance Certificate (EPC)
It is a legal requirement to have commissioned an EPC before marketing can start. Sandra Davidson Estate Agents can help organise this legally required document on your behalf.
Sandra Davidson Estate Agent Fee
Estate Agency fees become payable once you have exchanged contracts with a buyer introduced through Sandra Davidson Estate Agents. This is charged as an agreed percentage of the sale price + VAT.
Legal fees for the conveyancing process
These vary depending on the solicitor you choose.
Q. Are there any additional marketing costs?
Sandra Davidson Estate Agents include all marketing expenses within our commission fee.
Q. Do I need to redecorate before I put my property on the market?
It is not essential to redecorate your property before placing it on the market, however, our expert valuer’s will provide further feedback on inspection.
Q. Can I market my property immediately?
Sandra Davidson Estate Agents can make the necessary preparations to commence marketing within 24 hours of instructions to proceed, however, current legislation dictates that there is a duty on the person acting on behalf of the seller (meaning the estate agent) to be satisfied that an EPC has been commissioned before commencing marketing. If required we can assist you with the preparation of the EPC and this can normally be secured within a couple of days.
Q. What is the best marketing price for my property?
Maximising the value for your home has never been an exact science, there are many factors to consider. Current market conditions and the general economy, the location, style and size of the accommodation are usually the most important factors. Being an established, local estate agency we have the knowledge, experience and expertise to determine the best marketing strategy.
Q. Apart from marketing my property on the Internet how else would you generate interest?
Not everybody has access to the internet and we are one of the few agents in the area who still support a comprehensive mailing system. We also keep in regular telephone contact with the most active buyers and viewing appointments are often arranged on the same day we receive your instructions to market your property.
Q. Who will conduct the viewings on my property and when will they occur?
Sandra Davidson Estate Agents will accompany all viewings.
Q. Do I need to be present for viewings?
Sandra Davidson Estate Agents will be present for all viewings, leaving it your choice entirely. It is worth noting that buyers often feel more relaxed when the owner is not present.
Q. Will I receive feedback following viewings?
Absolutely, frequent communication is essential, we will regularly contact you to provide the latest feedback from viewings and discuss offers.
Q. Can you find me a buyer quickly?
We will always endeavour to introduce a buyer as soon as possible, but it is important that we help maximise the value of offers received.
Q. Should I take my property off the market once I have accepted an offer?
Generally we recommend that unless you proceed to sell your property to a non-dependent cash buyer, even once an offer is accepted, you continue to market the property, until your buyers lender has instructed a mortgage valuation.
Q. Can I list my property with you if it is already on the market with another agent?
Absolutely yes, however we would advise you to check the terms and conditions of the agreement with your current agent.
Q. Why should we ask Sandra Davidson Estate Agents to sell our property rather than any other estate agent?
At Sandra Davidson Estate Agents we believe we offer an unrivalled, personal and professional service, which ensures we maximise the value of our vendors homes. We take care of all aspects of the sale, from the information provided in our initial valuation, to the comprehensive bespoke marketing strategy, conducting viewings and negotiating offers to sales progression, leaving you to relax safe in the knowledge that all is in hand.
Q. Why do I need to show you my ID before you start marketing?
In the interest of protecting clients, since 2004 the government extended the Anti Money Laundering Legislation requiring estate agents to verify the identity of their clients. This formality is carried out by Sandra Davidson Estate Agents and we ensure minimum inconvenience to you.
Q. Where are my Title Deeds?
Your Title Deeds are proof of ownership of your property. They will be held by your bank or building society if you have a mortgage and your solicitor will obtain the deeds and let the buyer's solicitor have a copy.
Q. What is conveyancing?
‘Conveyancing’ is everything that needs to happen to legally transfer your home to the buyer. You will need to appoint a conveyancer (Solicitor) to act on your behalf.
Q. Do I have to pay Stamp Duty for the sale of my property?
No. It is the buyers responsibility to pay Stamp Duty.
Q. Will my property be surveyed?
Depending on the position of your buyer. If they are purchasing with a mortgage, a survey will need to take place on behalf of the lender. Rest assured, Sandra Davidson Estate Agents will coordinate the inspection, and accompany if necessary.
Q. What are searches?
As part of the conveyancing process, your buyer’s conveyancer will perform searches of Land Registry and Local Authority information in relation to your home. They check planning history and any potential developments around roads, drainage and mining near the property.
Q. When do I sign the contract?
When all of the steps listed previously are complete, you will be ready to sign the contract and agree the completion date.
Q. When is the buyer or seller bound to the sale or purchase?
The seller and buyer are bound to the sale or purchase when the respective conveyancers have received signed contracts from both parties this is also known as exchange of contracts.
Q. How is a completion date chosen?
Prior to exchange of contracts, a mutually agreeable date will be confirmed by both conveyancers and the respective buyer(s) and seller(s).
Q. When do I have to move out?
On the agreed date of completion, once the conveyancers have completion has taken place, the seller would vacate the property.