Property Experts in West London and North West London
As property owners ourselves, we know the love and care you have invested into your property, so when it comes to selling, we value the importance of helping you get the maximum sale price for your investment. We will provide you with a free, no obligation, realistic appraisal of the current value of your home. Our unmatched experience and unique insights give you an accurate valuation based not only on an in-depth knowledge of the area but extensive market research of similar local sales.
7 Step Seller Guide
1. How much is your property worth?
The first step to selling your home is to get an up to date property valuation. Majestic Properties provides a free, no obligation market appraisal and, as one of the most pro-active agents in London, we value and sell all types of properties each month which means we have a wealth of knowledge and data to draw on when valuing your property.
2. Get your property ready for the market
You should aim to present your property in the best possible way and fix anything that could put off potential buyers. A fresh lick of paint, some new soft furnishings, plus a tidy up of the garden should help. These are small jobs but can greatly improve your chance of receiving an offer. If you feel that your property requires more than a touch up of paint, perhaps even a complete renovation, please get in touch with our Refurbishment Team. At this stage you’ll also need to supply an Energy Performance Certificate (EPC) for your property. These are valid for ten years, so if you had one commissioned in the past you will need to double check that it is still valid. We can also arrange this for you.
3. Choose your estate agent and your solicitor
When choosing your estate agent you should consider if they have plenty of experience, how much local insight they have, if they are able to effectively and proactively market your property, if they are affiliated to any professional or regulatory bodies and if they have a reputation for providing excellent customer service. At Majestic Properties we consider these things to be essential when it comes to selling property successfully. Most estate agents are able to make a recommendation of which solicitor to use, but it’s also worth asking friends and family about their experiences and who they would recommend.
4. Prepare for viewings
Once your property is on the market, you’ll need to keep on top of cleanliness and clutter every day in case of any unexpected viewings. Dust and dirt can dull a surface and give viewers the impression that work needs to be done, but a quick clean can reveal the real finish beneath and instantly refresh a property’s appearance. Scented candles and open windows can help keep the property fresh. These small but noticeable acts can help buyers picture themselves living in your property, making them more likely to place an offer. If you’re present while the viewings take place, you should try to offer an insight about what makes your property special- it great for entertaining? Is it easy to keep warm in the winter? Are the neighbours friendly?
5. Receiving offers
If you are selling your property through an estate agent then any interested parties must make an offer through them. If there is more than one interested party, your agent will keep you up to date with competing offers. You don’t have to choose the highest bidder, in fact you should consider your aims and how this relates to the buyer’s situation. If you want to move quickly, a chain free first time buyer or someone who has already sold their property may be the best option.
6. Accepting an offer
Once the final offer has been accepted, your estate agent will contact your solicitor who will then set the wheels in motion for the sale to take place. The buyer will also instruct their lender to value the property so they can finalise their mortgage offer. They may also commission a survey or homebuyer report at this point too.
7. Exchanging contracts and completion
The exchanging of contracts is carried out on your behalf by your solicitor or conveyancer. It is when the sale of your home becomes legally binding and once the contracts have exchanged you can be fairly certain that the sale of your house will go through. You will also receive a preliminary deposit from the buyer at this point which you would be able to keep if they pulled out of the purchase however, you would also be liable for penalties or legal action if you pulled out of the sale. The completion date will be stated in the contracts and this is when the property will be transferred to the new owners. You must leave the property on this date and need to arrange for all of your belongings to be removed from the property, ready for the new occupants to arrive on the same day, once the final monies have been received. Keep in mind that completion days are almost always on a weekday to allow the banks and solicitors to arrange transfer of monies and complete other necessary legal or financial actions that would be impossible to do on a weekend.
Completion day can be stressful for all concerned, especially if you’re part of a chain, but as the final step in selling in your property it means that the worst is over and you can take some time to celebrate.
Sole Agency (Majestic Properties Have Sole Instruction)
Sole Agency @ 1.25%
As the sole agency responsible for the property, Majestic Properties will have the exclusive right to sell your property for an initial period agreed upon from the date of a signed contract. The sole agency can continue after the initial period, with a termination period of 14 days to be given in writing by either party. You are liable to pay remuneration to Majestic Properties in addition to any other charges agreed to in the case the property proceeds to a legal completion with a buyer introduced by ourselves during the sole agency period, or with whom we have negotiations about the property during that time, or with a buyer introduced by another estate agent.
Multiple Agency (Additional Estate Agents Are Instructed)
Multiple Agency @ 1.75%
The agency will commence on the date agreed and will continue until the agreement is terminated by either party giving 14 days notice in writing. You will be liable to pay remuneration to Majestic Properties in addition to any other charges agreed if at any time the sale of the property proceeds to a legal completion to a buyer introduced by us during our period of being the leading agency, or to buyer with whom we undertook negotiations during that period.
Payment of Fees
Fees are due for payment upon completion of the sale. The vendor will give his/her irrevocable authority to the solicitors appointed at the time of the sale to pay out of the proceeds. If during the period of joint agency, a buyer is introduced by any other agent other than the collaborative parties, these fees are still payable to Majestic Properties.
No charge is applicable if an external buyer is introduced before termination of the agreement, and that buyer eventually purchases the property.