Step-by-step guide to selling property
Our experienced team have in-depth knowledge of the local area. A valuation of your property will be based on, among other things, local comparables, market and economic conditions and the location in relation to local amenities including schools and public transport links, etc.
Choosing the right agent
We pride ourselves on our friendly, sympathetic and professional attitude and believe in plain, jargon-free English as demonstrated in our Terms of Business. We will provide weekly feedback and advice and review the marketing and progress of the sale on a regular basis. Our duty is to find you the right buyer at the right price and to help make the selling process as simple and pain-free as possible.
Instructing a solicitor
We advise sellers to instruct a solicitor as early in the process as possible so that once a sale is agreed, matters can progress as quickly as possible.
Marketing your property
We will prepare particulars, arrange photos and floorplans and an EPC (Energy Performance Certificate which, in most cases, is a legal requirement).
The property will appear both in online and offline marketing. We advertise on all the major internet portals – Zoopla, Prime Location, Rightmove and onthemarket.com as well as on our website, with large, clear photographs showing the benefits of your property, local school and amenity information and helpful links to street views.
Receiving an offer
We will advise you of all offers verbally as soon as possible and in writing within 24 hours.
Buyers will be required to advise how they intend to fund the purchase and we will contact their financial advisor/bank/solicitor to confirm they are in a position to do this. We will agree a time frame for the exchange of contracts.
Once you have accepted an offer you can choose whether or not you would like us to continue marketing the property until contracts are exchanged. Offers are not legally binding until contracts have been exchanged. We will contact you and the buyer and both parties’ solicitors to confirm details of the sale and a Memorandum of Sale will be prepared and sent out.
Exchange of contracts
Once contracts are exchanged the sale becomes legally binding on both sides. Exchange will only occur once the buyer has lodged a cleared deposit (usually 10% of the sale price) with their solicitor. Your solicitor will inform first you and then us once exchange has taken place. A mutually agreeable completion date will then be agreed.
Completion occurs when the buyer’s solicitor has transferred the remainder of the purchase price to your solicitor by the agreed completion date. Once this is done, you and we will be informed by your solicitor and we will release the keys to the buyer.
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 required information.