If you are thinking about selling your property in London let Alexander Knight be your first point of call. We endeavour to make the whole process as seamless as possible. We’ve listed some questions and responses below that tend to be asked by most potential vendors:
What are your fees?
Our fees are dependent on whether you will be selling with us as your sole agent or in conjunction with other agencies (multi agency). Following on from a valuation we can further discuss our competitive negotiable rates. Unlike some agents we will never pressurise you to an accept a fee rate that you are not wholeheartedly satisfied with.
Where will you advertise my property?
When you entrust us with the sale of your property we make it our responsibility to ensure the maxiumum exposure to potential purchasers. We advertise on all of the major property portals (Right Move , Prime Location and Zoopla) in addition to our own website and on our social media platforms (Facebook, Instagram, Twitter and Google +). The more traditional methods of window displays within our office and in local print media are often utilised.
Are there any additional fees I need to be made aware of?
Being an Independent Local Agent we aim to be as transparent as possible. The fees we inform you of, at the point you instruct us to sell your property are the only fees that you will pay (on completion of selling your property). We operate a no sale no fee policy.
Will I have a board outside my property?
We would recommend that you do. Research carried out by Zoopla in 2015 found that 1 in 5 enquiries come from For Sale boards, however it is not mandatory that you have one.
How many viewings should I expect?
This is dependent on a number of factors however an expected volume is 2-8 viewings per week. As remarked in our blog being as open and flexible to viewings will ensure that you are maximising every opportunity to find a potential buyer.
Will I receive feedback?
We will feedback after every viewing appointment takes place, in addition to a weekly call from your specified agent on the general progress of your property.
I have not found anywhere yet, should I put my property on the market?
The majority of Buyers will acknowledge that it is likely to take some time finding your next home. In spite of this we would highly recommend that your property is listed on the market prior to having commenced your new property search. It will enhance the perception to Buyers that you are serious about moving, which will place you in a stronger position.
How do I consider the best offer from a buyer?
As much information possible about your potential buyer’s ability to proceed will be obtained and subsequently relayed to you, in order to help you make a decision. It’s worth noting that the position of the buyer makes a big difference to achieving a successful sale. We will always give you advice that is in your best interests.
How do you qualify a potential buyer and make sure that they have the funds to proceed?
Potential Buyers are required to provide proof of deposit and/or proof of cash, along with a copy of their AIP (mortgage agreement in principle) at the point of making an offer. If a buyer has not secured a mortgage in principle we will require them to be qualified by one of our financial brokers.
What legal proceedings are involved?
It is advisable to instruct your solicitor the moment you place your property on the market. This will allow them time to prepare the paperwork in advance of an offer being received. Once a sale has been agreed you will need a Conveyancing Solicitor to handle the legal aspect of the transaction. It is essential that you acquire someone who will work with you and ourselves to make the process as easy and stress-free as possible. When the Solicitor’s details for both parties have been received the sale is confirmed in writing. We will keep you regularly updated on the progress of your sale.
Will you keep my property on the market if I accept an offer?
Most of the time we will advise that the property be taken off the market to show some ‘good will’ and allow the buyer to organise a survey and instruct a solicitor. If our sales co-ordinators feel that the buyer is not moving at a sufficient pace, we may advise you to remarket the property.
Will my buyers require a survey?
If a buyer is requires a mortgage then a Survey will be required. We will write to them confirming that this is required within 14 days from the date of agreeing the offer. You will be kept abreast on the situation as it progresses.
How quickly can my sale exchange contracts?
This depends on so many factors that there is no one time frame, but 4 -12 weeks is the typical period. We will discuss this extensively with you to try and match your timeframe with any prospective buyers and get this confirmed at the point a sale is being agreed. Factors such as instructing your solicitor and a mortgage provider (if going on to buy another property) at the earliest opportunity can really make a big difference.