Selling Support

Selling process

✦ Process

Welcome to SunnyBay’s detailed guide on the selling process.
We know that selling your property can be a significant milestone, and our goal is to support you every step of the way.

This page outlines the entire journey, from your initial decision to sell, through to the final completion of the sale. Our expert team at SunnyBay is committed to providing you with the knowledge and resources needed to navigate the selling process with confidence and ease.

Explore our step-by-step guide to understand what to expect and how to achieve the best possible outcome for your property sale.

Pre-Sale Preparation

Research the Market

> Understand current market conditions in London.
> Determine the best time to sell your property.

Property Valuation

> Obtain valuations from at least three estate agents.
> Consider an independent valuation for an unbiased opinion.

Choose an Estate Agent

> Compare services, fees, and reviews.
> Decide between a sole agency or multiple agencies.
> Negotiate the contract terms, including the commission rate.

Legal Preparation

> Appoint a solicitor or conveyancer.
> Gather essential documents (ID, title deeds, property information form, fittings and contents form, etc.)

Energy Performance Certificate (EPC)

> Ensure your EPC is up to date (valid for 10 years).
> Arrange for a new EPC if necessary.

Marketing Your Property

Property Presentation

> Clean, declutter, and stage the property.
> Complete any necessary repairs or improvements.

Photography and Description

> Approve professional photographs and a detailed description of your property.

Listing the Property

> Ensure your property is listed on major property portals (Rightmove, Zoopla).
> Use social media and estate agent websites for additional exposure.

For Sale Sign

> Place a ‘For Sale’ sign outside the property if desired.

Managing Viewings

Organise Viewings

> Schedule and coordinate property viewings.
> Ensure the property is clean and tidy for each viewing.

Provide Information

> Prepare to answer potential buyers’ questions about the property and neighbourhood.

Handling Offers

Receive Offers

> Collect and review all offers.
> Consider the financial status and seriousness of each buyer.

Negotiate

> Negotiate the best possible price and terms with potential buyers.

Accept Offer

> Accept the most suitable offer and notify your solicitor.
> Agree on the terms and conditions of the sale.

Legal Process

Draft Contract

> Your solicitor prepares the draft contract and sends it to the buyer’s solicitor.

Buyer’s Checks

> The buyer conducts surveys and searches (e.g., property survey, local authority searches).

Respond to Inquiries

> Address any queries or concerns raised by the buyer.

Agree Completion Date

> Negotiate and agree on a completion date with the buyer.

Exchange of Contracts

Sign Contracts

> Both parties sign the contracts and exchange them.
> The buyer pays a deposit (usually 10% of the purchase price).

Completion

Move Out

> Ensure the property is vacant and clean on the completion date.
> Move your belongings to your new home.

Final Payments

> The buyer’s solicitor transfers the remaining balance.
> Your solicitor settles any outstanding mortgage and fees.

Hand Over Keys

> Give the keys to the estate agent or directly to the buyer.

Post-Sale

Settle Fees

> Pay the estate agent, solicitor, and any other associated costs.

Notify Changes

> Inform utility companies, the council, and other relevant parties of the change in ownership.

Tax Considerations

> Report the sale to HMRC if applicable, and pay any Capital Gains Tax due.

By following this process, you should be able to navigate the process of selling your property in London more smoothly.

Need help? Send us a message