OPTIONS ON HOW TO SELL A PROPERTY
When you start to think about selling your property, it is important to explore all the options available to ensure that you are selling your home using the method best suited to your needs. Here at Anderson Hacking our team of property experts work hard to establish your requirements so we can advise on the best method of sale.
Sale by Private Treaty
Ideal for the majority of presentable property and sellers looking to move from one home to another. The agent establishes a guide price, markets the property, obtains and negotiates offers, agrees a sale and progresses to completion.
This is a step-by-step guide to the service you can expect to receive when you invite Anderson Hacking to come and undertake a market appraisal of your home:
A qualified RICS valuer will come and appraise your property. They will consider your property’s condition, location, strong and weak points, suggest a marketing plan and advise you on the best method of sale.
You instruct Anderson Hacking, and a written agreement is drawn up between both parties.
Photographs are arranged to be taken, and an Energy Performance Certificate (EPC) booked and floor plans to be created, where agreed.
The sales particulars are produced.
Marketing your property commences – through extensive advertising in both regional and national publications, the internet, Anderson Hacking website and national property portals of Rightmove, On the Market and The Guild Property Professionals.
Particulars of your property are emailed/posted to our current database of registered applicants with the most active and serious buyers contacted by telephone.
Viewings are arranged – these can be accompanied, unaccompanied or open house.
Offers are negotiated and discussed with you until an agreed price is accepted.
Solicitors are instructed.
The sale is progressed to exchange of contracts, and a completion date is agreed.
Sales by private treaty generally allow greater flexibility, particularly around timescales, what items are included or excluded or even subject to sellers needing to find their next home to buy. This flexibility is beneficial to both buyer and seller.
Sale by Informal Tender
Selling a property by informal tender involves buyers being invited to submit competitive bids by a specified date. The bids are put forward in a sealed envelope, so buyers are unaware of what their rivals are bidding. All the tenders are reviewed with the vendor, who then chooses the most favourable tender. Solicitors are then instructed and the sale is progressed in the usual way. It should be noted that informal tenders are not legally binding until contracts are exchanged. This form of sale works well if a vendor wishes to sell within a certain timeframe as it brings matters to a head quickly, and settles the best sale in a competitive situation.
Sale by Auction
This method of sale is particularly attractive to sellers looking for a fast and secure sale, and achieve the best price on the day.
Selling by auction works well where competitive marketing is likely to generate the best outcome. It is ideal for properties in need of renovation, building plots, land and unconventional properties. After a concentrated marketing campaign of approximately 5-7 weeks the property is offered for sale by public auction. Assuming bidding reaches the agreed reserve, when the hammer falls the sale is exchanged (with completion usually 28 days thereafter) and forms a legally binding contract. For more information on selling your property at auction please contact Anderson Hacking to liaise on which Auction House will be best suited for your requirements.