Why use Roger Parry and Partners to sell your house?
*Free pre sales advice & free house valuation
*Experienced, friendly professionals with local knowledge providing honest valuations
*Membership of RICS, NAEA, ARLA, Property Ombudsman
*All properties are advertised on our new website
*Rightmove, Zoopla and Prime Location as well as regular local advertising
*Maximum exposure for your property to the market.
Looking To Sell
I want to sell my house. What do I do?
A professional estate agent does not just sell your property. We are here to ensure you achieve the best possible price in the timescale required. We suggest all sellers begin by researching three key factors:
1. Have your Property Valued
The true value of a property will only be established once it is put on the open market. Roger Parry & Partners will provide a true valuation - not just a high valuation designed to secure your instruction. We are experienced valuers and have good local knowledge. We provide a comprehensive and professional marketing of your property. This will ensure you gain the maximum sale price. We offer value for money and most importantly can be trusted.
Ensure you first have a full understanding of any mortgage you have at present on your existing property. Check for any surrender penalties. Lending criteria have tightened up, so make sure you have an up to date assessment of your potential borrowing power. It is important to base the size of any mortgage you take out on its affordability.
What’s available to purchase? Once you have had your property valued and established your financial position, you will have an estimate of the budget you have to spend on your next purchase.
The vast majority of people need to sell the property they currenty own in order to buy the next one. Therefore it is generally our advice, armed with the information above, that you place your house on the market with us, and begin to look and sell at the same time.
3. Choosing an Estate Agent
Roger Parry and Partners pride themselves on a reputation for offering a first class service which is not only value for money but offers frank and professional advice. We possess the integrity to carry out our clients’ instructions. If you would like further information about our service, please contact us for a Free Valuation and a Free Market Appraisal of your property:
Shrewsbury: firstname.lastname@example.org 01743 343 343
Oswestry: email@example.com 01691 655 334
Welshpool: firstname.lastname@example.org 01938 554 499
Llanidloes: email@example.com 01686 449 222
4. Costs of Selling
Below is a list of the possible costs you will incur in selling your property.
- Solicitor's fees
- Estate agency fees
- Removal costs
- Redemption penalties on a mortgage (if applicable)
5. Costs of Buying
- Solicitor's fees (usually includes cost of Local Searches etc)
- Mortgage application fees (if applicable)
- Survey/Valuation fees
- Moving costs
- Stamp Duty (England) or Land Transaction Tax (Wales)
Stamp Duty Land Tax (England) or Land Transaction Tax (Wales) is a tax payable by the purchaser (usually) and the rates of tax vary depending on property valueand the type of property. The Government websites below show you the rates currently in place.
England - Stamp Duty Land Tax https://www.gov.uk/stamp-duty-land-tax/residential-property-rates
Wales - Land Transaction Tax https://gov.wales/land-transaction-tax-rates-and-bands
The Selling Process
Once we have placed your property on the market contact a reputable solicitor to start to compile legal documentation, this will save time once a potential purchaser has been found. Make sure your solicitor has a copy of all paperwork including any guarantees for work carried out on the property including any planning permissions or building regulations relating to extensions that you may have had during your ownership, together with details of any mortgage you have on the property. If you do not have a solicitor, we can provide you with a list of solicitors from which you can choose.
Once an offer on a property has been accepted we will confirm the sale in writing and send the relevant information to your and your purchaser’s Solicitor's. Your solicitor will draft a contract and the purchaser’s solicitor will instigate a local search. The local search establishes whether there are any onerous planning conditions or applications etc. within the surrounding area of the property which might affect the value or saleability of the property in the future. More specialist searches can sometimes be required.
The purchaser will usually initiate a motrgage valuation or survey. The results of these can be important as issues with the property such as damp, rot, roof repairs etc may effect the mortgage valuers valuation.Such problems may lead to renegotiation of the purchase price.
In the meantime the Solicitor's will be communicating with each other and liaising over any further inquiries on the contract sent by the purchaser’s solicitor until both Solicitor's are satisfied that the contract comprehensively covers all the necessary requirements. At the same time, any mortgage required will hopefully be confirmed. Once the local search, mortgage offer (if relevant) and the agreed contract are in place, the sale is ready to move to the point of exchange. This is the point at which the sale becomes legally binding for both parties and a completion date is agreed, i.e. the move date (occasionally the exchange and completion are done simultaneously). In transactions where a chain is involved, this is only likely to happen when all the linked transactions are also ready to proceed. It is the Solicitor's who are the main driving force once a sale has been agreed, as your estate agents, we assist in pushing the process through as quickly as possible. Vendors and purchasers can also help by responding and replying to paperwork promptly and liaising with their Solicitor's regularly.
When finalising moving dates, it is crucial that buyers and sellers liaise with their solicitor and no other party. There is usually a period of time between the exchange of contracts and the completion date during which one can arrange removals etc. PLEASE NOTE: At exchange of contracts the purchaser is responsible for insuring the property being purchased.
Keys to your new home are not released by us (other methods are sometimes put in place) until your solicitor confirms that all monies have been received. Make sure that you liaise closely with your solicitor and us to ensure that suitable arrangements have been agreed for handing over keys.
Sale by Auction
We carry out periodic auctions to include residential properties. The following are circumstances that you may choose to sell your property by auction:
- When a quick sale is required.
- With inheritance tax, divorce or family disputes when open market value is required.
- Un-Mortgageable properties
- Unusual properties
It should be noted that auctions provide the open market value at the time of auction and for various reason this can be above or below the expected value.