Having confidence in your estate agent is vital. We make a point of studying property values in our areas very closely. Our Manager/Director are highly knowledgeable and conduct market appraisals each week. We always provide evidence on how we’ve arrived at an appraisal, which is based on our extensive local knowledge and examples of what has recently been sold in the area.
Choosing the right agent
The right agent will make the difference to how you enjoy the experience of selling your property. Tates has a jargon-free plain language terms of business. We give you feedback and advice weekly. We regularly review the marketing of your property and the progress of your sale with you personally. Our job is to find the right buyer for your property and protect your interests. We are a member of the Property Ombudsman scheme.
Instructing a solicitor
Make sure you instruct a solicitor as early in the process as possible. This way once a sale is agreed, you will be in a position to get things moving quickly. We have a number of solicitors that will be very able and helpful.
Marketing your property
Your property will appear both in online and offline marketing. Our new website appears on Rightmove, Primelocation and FindaProperty amongst others, Globrix, Zoopla to name just a few. We make it easy for buyers to see the benefits of your property with extra large photos, school catchment area information and helpful street views.
You may receive approaches from other agents when your property first appears on the market. They may tell you that they have a buyer interested in your property. If this is the case, please refer the agent to us and we will handle it for you.
Receiving an offer
When we receive offers on your property we will confirm it immediately to you verbally and in writing within 24 hours.
We will ask any buyer that has made an offer to confirm how they intend to fund their purchase of your property. We will speak to their financial advisor/bank/solicitor to confirm their ability to move and we will expect to agree a time frame for the exchange of contracts.
Once an offer has been accepted you will need to decide whether you wish to keep the property on the market until exchange of contracts. We will then contact your solicitor, the buyer and the buyers solicitor and confirm the details of the sale. Offers are not legally binding until contracts have been exchanged. From now until exchange, you will need to be in close communication with your solicitor. We will also send you a guide to conveyancing to help you through this process.
Exchange of contracts
Exchanging contracts is the moment when the sale becomes legally binding on both sides. You can only exchange once your buyer has paid a cleared deposit (usually 10% of the sale price) to their solicitors account. Your solicitor will inform you when contracts have been exchanged and then will inform us. The completion date is then set by mutual agreement and is contractually binding.
Completion is when the buyer's solicitor has transferred the remaining purchase price to your solicitor by the agreed completion date. Your solicitor will contact you and us when the money has cleared in their account and we will then release keys to your buyer. This is just a snapshot. If you would like more detail on the process and what you need to do please contact us (link) for more information
Money Laundering Regulations
Tates are required to comply with the Money Laundering, Terrorist Financing and Transfer of Funds (information on the payer) Regulations 2017 and be aware of the Proceeds of Crime Act 2002.In order for Tates to comply, all clients must be identified and verified along with the contracting party and any beneficial owners. This also applies to Companies, trusts, personal representatives, and off shore companies. The above link will take you to a PDF with the relevent required information.