Sellers Guide

 

The selling process is said to be one of the most stressful processes you will ever experience. Our aim at ea2 is to address this theory by assisting you through the entire selling process. Our dedicated team of professional consultants will work with you, and your solicitor to ensure the transaction is both efficient and your experience stress free.

Stage 1 – Valuation

You can arrange a free no obligation valuation either by phone, email or by visiting us in person at our office. Once a suitable time has been agreed our experienced property consultant will attend the property and depending on the scenario meet you at the property or attend with access provided either by a porter or maybe tenants. Once we have been able to access your property we will be able to provide you with a valuation and any possible recommendations that might assist in the sale of the property. Our valuation will be based on multiple factors, taking into consideration the property, accommodation, condition, parking, aspect etc. We will also take into consideration the current market condition, current demand levels and recent transactions of similar surrounding properties. It is important whist the majority of sellers would like to achieve a maximum level of value for their property to ensure that property is not placed on the market at a level that may put potential buyers off from viewing and thus the property becomes stagnant or at a level where there may be a potential problem with a mortgage valuation.

Stage 2 – Instruction to Sell

Once we have agreed a price for the property to go to market we will require some documentation from you to proceed ahead. This is namely a signed agreement and a copy of your passport, (legal requirement). Once we have these in place we will be able to proceed ahead with putting the marketing package together. This will include, (at our cost), professional photos, floor plan, EPC, (legal requirement) and 360 degree videos where possible.

Stage 3 – Marketing

ea2 have at their disposal a vast array of marketing tools to assist in exposing the property to the market place and ensuring maximum coverage. Along with traditional glossy magazine advertising of which we have 2 page spreads in the E1 City magazine, E14 Canary Wharf magazine, London Property News, Your Docklands & City & Your WestEnd. We also have access to web portals such as Rightmove, Zoopla, Findaproperty, and many more. We have a dedicated social media team that will ensure your property is advertised through our facebook page and twitter. This extensive marketing approach generates maximum enquiries, this combined with our already rich data base of active applicants ensures we get the best possible price for your property from the best possible buyer.

Throughout the marketing process we will keep you advised of viewing activity and feedback from potential buyers. This will be accompanied by regular updates on advertising mediums.

Stage 4 – Appointing a Solicitor/Licensed Conveyancer

Choosing the right conveyancer is one of the most important decisions you can make when selling or buying your home. ea2 work closely with gross & Co Solicitors to offer you a competitively priced legal service designed to ensure your move is smooth and stress free. Gross & Co Solicitors specialise in residential conveyancing and are committed to offering a first class service with professionalism and efficiency. The service is available to all vendors and purchasers whether you are looking to stay within our local area or are looking further afield.

Ø  A fixed price conveyancing quote allowing you to keep control of your moving costs.

Ø  Regular updates on the sale progression of your home.

Ø  Direct telephone numbers and email addresses for your conveyancer and assistant.

Ø  No meetings necessary all work can be completed online, through the post, and on the phone.

If you would like us to request they contact you for an informal conversation and quote then please do not hesitate in contacting us.

Stage 5 – Offers

All offers made on your property will be lodged and accompanied by the potential buyers position, i.e. first time buyer, deposit amount, conditions of sale etc. This allows you the seller to make a more informed decision on any offers being made.

Stage 6 - Offer Agreed

Once an acceptable offer has been agreed we will notify all parties with a notification of sale. The appointed solicitors are now aware of the transaction. Your solicitor will then require forms to be completed and funds on account to start the process.

Stage 7 – The Process

Once all parties have been instructed then the sales process begins. The time frame is normally 6-8 weeks for exchange of contracts and completion a minimum of 1 week thereafter. Your solicitor/licensed conveyancer will provide draft papers to the purchasers solicitor/licensed conveyancer. Your solicitor/licensed conveyancer if leasehold will apply for the management pack and service charge accounts from the managing agent and reply to any enquiries raised by the purchasers solicitor/licensed conveyancer. Whilst the legal process is under way the purchasers mortgage company will instruct a surveyor to carry out a valuation and survey. The surveyor will arrange with us access to the property. Providing the report is satisfactory the mortgage company will issue the mortgage offer. Once the mortgage offer is released and the purchasers solicitor/licensed conveyancer have completed all their enquiries you will then be in a position to exchange contracts. Your solicitor/licensed conveyancer will require you to sign the contract. The transaction process can seem complicated and overwhelming at times. ea2 have employed a dedicated team to chase the transaction from offer agreed through to completion. We aim to both process the transaction in an efficient and speedy fashion and offer our services to both solicitors/licensed conveyancer on both sides in the assistance of the transaction. We will update you regularly with the process and ensure that you are kept up to date with time frames and outstanding enquiries. 

Stage 8 – Exchange of Contracts

Exchange of contracts is carried out by your solicitor/licensed conveyancer with the purchasers solicitor/licensed conveyancer. Upon exchange of contracts the transaction becomes legally binding between you the seller and the purchaser and a completion date is set. Mortgage lenders normally require a minimum of 1 week to draw the funds down for completion.

Stage 9 – Completion

Completion takes place once your solicitor/licensed conveyancer has received funds from the purchasers solicitor/licensed conveyance. Once your solicitor/licensed conveyancer has received the funds then the property has effectively changed hands and you are no longer the legal owner. We will receive confirmation from your solicitor/licensed conveyancer of completion and instructions to release keys to the purchaser. We will require keys for the property to release to the new owner.

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