Ex-Council Properties UK - How To Sell Your Own Property

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How to sell your ex-council property privately? You already know how to sell your property with an Estate Agent. What you probably don’t know is how you can sell your ex-council property by yourself, saving thousands of cash in commissions. Selling your property privately has plenty of advantages: - Agents commission - estate agents commission is between 1-3 % plus VAT. What it means is that if the average price of your property is £250,000, the agent will get between £2,000 and £7,000. Imagine what you can do with this sum – an exciting travel trip for example. - Viewing times- Estate agents are closed during the ideal viewing times for the majority of the buyers. If you sell it on your own you can adjust the viewing times according your lifestyle. Most of the people want to sell their property without middleman and safe thousands of pounds in estate agents fees, but they are too afraid to take the risk. We have compiled a simple guide designed to give you complete and detailed information about private sellers needs. Here’s a guide to help you deal with all issues involved in the selling process. Value your property. The first thing you should do is to value your property to get an idea about the price you can ask for. You can research through the press or just make a simple online research through some property web sites to get an idea about the price range of properties in your area. Prepare a selling property description. In order to attract more potential buyer you’ll need a good description of your property. The location and the number of the bedrooms of your property are the two things you should definitely tell. Mention all other features of the property – laminate floors, fitted kitchen, gas central heating, etc. It is a good idea to give information about the condition of your property – does it need refurbishment or it is in good condition. Information about the area such as if there are tube or railway stations nearby, is there a school or a hospital, parks or museums is also very beneficial. You can make a few pictures of as well as adverts with pictures attract more attention than plain text ads. Remember – be honest about your property. Giving misleading information is not a good idea if you want to get it sold quickly. Advertise your property. The next thing you should do when selling your property is to advertise it. The simplest and cheapest way is to print some adverts and distribute them in the area you live. Another option is to post an ad in a newspaper or a property related magazine. A cheap, easy and fast way to advertise your ex-council property for sale however is online. There are many property related web sites where you can advertise. The downside is that most of them have lots of hidden fees or taxes or are in fact estate agent’s web sites. Another serious downside is that you are selling a niche-type of property while the online property portals are targeted at all kinds of properties. So you will not be attracting many of the potential buyers of former council homes. A completely FREE property advertising service is available at our partner site – Ex-localauthority.com. You can create and edit descriptions at your property listings by yourself at any time. You will be able to add as much information as you want and the more information you put the more enquiries you’ll get. You will be notified by an email when a potential buyer is interested in your property. In this email you will find contact information of the enquirer and it's up to you to decide whether to make contact or not. Your property advert will be listed at the site until sold or until you wish to remove it. If you'd like your property listed in their property database please click here. Selling your property through an agent and solely. If you are working with an estate agent and still advertising your property by yourself, you should inform your estate agent and get a sighed approval that they are ok with your decision. What is the difference between Sole Selling Rights and Sole Agency agreement? If you’ve signed Sole Agency agreement then your estate agent is the only agent with the right to sell your property. If you sold privately, you do not have to pay the estate agents commissions. When you signed Sole Selling Rights agreement your estate agent is the only person with the right to sell your property. So if you find buyer yourself you still have to pay the estate agent. For more information you can get by The Office of Fair Trading. Find a conveyancer. Estate Agents have no legal qualifications, so whether you are selling with or without an estate agent you need a legal solicitor or conveyancer to carry out all the legal stuff involved. The web is full of such offers, but most people prefer to employ a licensed conveyancer. Remember that Estate Agents will charge you with a fee for this service. It is best if you check around and find a solicitor beforehand so when you find a potential buyer you already have a conveyancer at hand. You could find an array of information regarding conveyancing at the official website of The Council for Licensed Conveyancers (CLC). The documents involved There are some standard documents required when selling a property with or without an estate agent. More information about this is available here. Deal with your mortgage If you are selling your property to get another one, you will need to think about your mortgage in advance. ExCouncil.biz can lead you to a right partner, who will guide you at the mortgage maze. As a first stop check what at Which?. Which? can offer you a wealth of expert advice and information on a vast range of products and services.


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