You will need to provide them with proof of identity (including photographic ID) and proof of address. You may be tempted to select the agent who valued your property the highest but you should remember that a valuation is not a guarantee of sale price; they may advise that you drop the price at a later date. You should also contact the mortgage administrator early to ensure the selling process runs smoothly. At this stage, while you and the buyer have agreed to a sale, the specifics of the agreement have yet to be decided. While being part of a chain may limit your ability to choose your own moving day, you may get better rates and availability if you try to avoid busy times such as Fridays and the first and last days of the month. You should not feel obliged to take up any referral the estate agent makes – it is entirely your choice. Although neither you nor the buyer is legally committed to the sale at this stage, you should bear in mind that pulling out after you have accepted an offer is likely to increase delays, costs and frustration for both yourself and the potential buyer, and may jeopardise any property purchase you intend to make. You should ask 3 different estate agents to value your property. Selling a property you currently let to tenants is complex and beyond the scope of this guide. More information on ending tenancy agreements is available in the How to let guide. You should also make sure you don’t become the ‘weak link’ in the chain. Step 1: Decide on an asking price. Citizen’s Advice – free, independent, confidential and impartial advice on a wide range of areas including housing and consumer issues, Money Advice Service – free and impartial money advice, including on mortgages, Which? Houses built in the UK this century will not contain asbestos, but be wary if you are buying any property that is pre-1999. During the process the buyer’s legal representative will raise enquiries. Online agents all used to charge a one-off fee upfront, but most have now moved to the 'no sale, no fee' model. Paul Hackney September 9, 2020 at 10:06 pm. The next thing to do is get your house … Selling a home can be a big undertaking, and the process is often unfamiliar as, on average, we only move every 15 to 20 years. Only when you exchange the signed contracts with your buyer is it legally binding. Once the ombudsman has received your complaint, they will investigate the claim on your behalf. Misdirection fraud is when you receive an email or phone-call which seems to come from your legal representatives informing you of a change to their bank account details. There's lots to consider even before you get to that stage. Don’t worry we won’t send you spam or share your email address with anyone. They'll share their experiences and help you dig for clues. The buyer will arrange a house survey. You could end up in court if you don't declare certain information when selling your home. 'First impressions count when it comes to selling your home,' says Stacey Sibley, creative director at Alexander James Interior Design. dentist, insurance company (for both buildings and contents insurance), any financial products you have (e.g. not the number listed on the potentially fraudulent email) to check. You can change your cookie settings at any time. However, if you have a mortgage and are in negative equity (i.e., the value of the home is less than the mortgage outstanding on it), you must bear these losses yourself. Lasting powers of attorney can be used before and after the donor loses capacity; according to their wishes. 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