A Breakdown to Selling your Home

24 May

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Selling your home is up there with some of the most stressful life events, only to be topped by bereavement and dealing with debt, not exactly the most appealing thought is it. However, specialist companies such as, conveyancing services from JB Gass can ease the pain when selling a residential or commercial property.

In-line with the GOV.UK guidelines we’ve broken-down the steps to selling your house so you don’t break down!

Step 1: Energy Performance Certificates (EPCs)

An EPC is a legal requirement when selling your property, it was first introduced along with ‘Home Information Packs’ (HIPs) in 2007, however in 2010 HIPs were scrapped but the EPC remains relevant. The body carrying out the survey for you EPC will take in to account how energy efficient your property is. The certification lasts for 10 years and will show potential buyers how good (or bad) your property rates, it’s graded A-G, with A being the highest ranking. EPCs can cost anything from £60-£120, and is generally cheaper if you source a certified energy performance specialist.

Step 2: Estate Agents

The majority of people choosing to sell their home within the UK will do so via an estate agent, selling your property with an estate agent involves signing a legally binding contract. An estate agent will carry out a survey of your home, advise you of market conditions (including an appropriate market price) and market your house for you in the appropriate media. Estate agents will also have a registered list of ‘buyers’, hopefully making it easier to sell your home.

Step 3: Offers

You should by now already figured out a price for your property, with the help of the estate agent and research in to similar properties in local media. Next, you need to decide how much you are prepared to accept on your property to be able to afford your next property; this must be realistic and in-line with market conditions. Any offer made from a potential buyer can be submitted in person, over the phone or in writing but it isn’t legally binding until the legal documents have been exchanged (in England and Wales.) Also, if a buyer wishes (and you accept) they can make an offer ‘subject to change’, meaning they can change the price dependant on the outcome of the survey.

Step 4: Conveyancing

When you have accepted an offer on your property the transferring of ownership has to take place, the seller is responsible for drawing up the documents; this can be a long, drawn out process so is usually carried out by a specialist firm, such as JB Gass Conveyancers. The specialist firms will negotiate the deal of the contract on your behalf, this includes; the sale price, the property boundaries, fixture and fittings, planning permissions and more. When both the buyer and the seller are happy with the contract, it is then signed making the sale legally binding. On completion the money is transferred, all legal documents handed over, a ‘move-in’ date agreed and the keys handed over.

Step 5: Stamp Duty Land Tax (SDLT or Stamp Duty)

Stamp duty only needs to be paid on properties that are £125,000 and over; the amount will be between 1% – 7% of the property.

Author Bio: Leah Jarratt is a guest writer for Jackson Barrett & Gass Solicitors.

24 Responses to “A Breakdown to Selling your Home”

  1. Kermit May 16, 2013 at 12:58 am #

    I do a very tasty homemade salad dressing which i am planning to sell to small outlets. how do i go about working out the best before or sell by date ?

  2. Jacinda May 17, 2013 at 4:08 am #

    We found a home on MLS – our realtor met with us and showed us the home. We made an offer through him. If they accept our offer how much commission do we pay our Florida realtor?

  3. Lucas May 25, 2013 at 8:02 pm #

    It is hard to find a concise breakdown of the cons of Solar. Every article I come across seems to be a sales pitch. My husband is enamored with it, but I have serious reservations. What is the cost to install on the average house?
    Is the whole sell-back thing really what it’s cracked up to be?
    What about maintenance cost?
    I live in PA; would I have power available ANY time I need it?
    Any other info you have is also appreciated.

  4. Izola May 29, 2013 at 3:58 am #

    It seems I’m washing my face all the time. I’ve tried several different types of face wash and acne products including biore strips. It doesn’t seem to matter. I have a million blackheads! I’m always squeezing them, but some I can’t, because I just can’t get to them – like the ones under my lip, on my chin – the skin is too tight or something. I think there are blackheads on my face that have been clogged for years!

    How can I once and for all get them clean, and keep them clean?

  5. Jacquline June 7, 2013 at 1:50 am #

    Ok, here’s the problem, I’m 13 and after I come home from school…I’m really bored. I like school, it’s fun. All my friends are there but when I come home and do my homework and finish school work I’m really bored. I’m not thinking or running away or doing anything stupid I just want suggestions of things or stuff I could after school.

  6. Fredia June 7, 2013 at 9:57 pm #

    I live in California. I have been unemployed for 8 months and my unemployment has run out. I have a three year old and now I have to choose between FOOD or my CAR. I don’t care if it gets repossessed, I’ll ride the bus, but how can this affect me now and in the future? I am having a breakdown because I’m doing temp work and anything I can get my hands on until I get a full time job. I am trying my damn best to get employed and fast, but I can’t afford my car anymore. How long does it take for my car to get repossessed and what will happen?

  7. Abe June 8, 2013 at 2:58 am #

    Im shopping around to refinance my home and one of the options is a lender who says he will charge me $10,000. He says the 10k include them paying my property taxes. Should this be a good deal, or should I just pay my own property taxes and ask him to reduce my price instead (since i would pay for those taxes myself)?

  8. Tashina June 16, 2013 at 5:36 pm #

    3 years ago my mom was told she had breast cancer. 1 year ago it got really bad.

    Now I have so many responsibilities: cook, clean, iron, laundry, grocery shopping and maintaining good grades at 16.

    Today my mom is expected two weeks. How do I cope? How do I go on like nothing is happening? How do I prevent breakdowns at school?

  9. Alysha June 16, 2013 at 5:36 pm #

    and in a good community(condo). i reduced the price thrice to the reasonable level. if this continues even after a month, should i change the agent?. he seems to inform the showings timings, do open houses but only thing is i need to ask him all details and he has more than 20 listings and seems busy and holds open house with some other agents in his office.he has not brought a single buyer himself? i still wonder what i need to do? should i change the agent or is it because the market is really slow?

  10. Dudley June 18, 2013 at 4:07 pm #

    Can someone please breakdown each three different types of loans and how you would pay for them? 10 points to best answer. Thanks a lot!

  11. Shanell June 21, 2013 at 4:26 am #

    I am spending a lot of time at home at the moment and I am soooooo bored. What do other people do when the are bored crazy.

  12. Tod July 2, 2013 at 8:40 am #

    I was supposed to write a character analysis on a character from the movie “One Flew Over The Cuckoo’s Nest” but I wasn’t in class to finish the movie, and I had a very busy week during regents week. Is there anyone that can help me? Not to do the work for me, but to help me find websites that can help me find out Chief’s character.
    I need to find one from the MOVIE.

  13. Jeanna July 3, 2013 at 9:09 pm #

    Is this just too far to have all the pieces of a 1800sqft modular transported? Anyone who has bought a modular, ever get a breakdown of cost of transportation?

  14. Sally July 19, 2013 at 4:21 am #

    I remember back quite a few years now I was in year 6 primary school going on an excursion to the wild life reserve. In the building that sells little nick-nacks and souvenirs there is another side to the room where they have stuffed animals (taxidermy) one animal in particular, a fox, I couldn’t stop looking at. I start crying and get this over-whelming sensation that it is trapped and all it wants it to go home. Is it possible to trap a soul in a body?

    Another instance was at my house. I was in the family room sitting on the couch watching the after school cartoons on tv and just minding my own business. There are council workers outside clipping back trees that over hang onto the road. I don’t mind because its probably about time. They get to the Japanese maples just outside my house. They start up the chainsaw and for like 30 seconds whilst cut back the trees all I feel is pain and sadness and I start crying and thinking “what’s happening? Why are they doing this?”
    I stop crying and feeling upset when they finish, just as fast as it all started. And I’m there thinking Wow. That was strange.

  15. Tai July 22, 2013 at 5:15 am #

    I wanted to be a bit more mac savvy, and just going through the website isn’t enough. What should be the main things I should know and bring up during an interview with the Employers of The Mac Store? Besides their fantastic product. I would want to go into detail, REALLY impress them.

    Thanks to those who answer!

  16. Anja July 24, 2013 at 2:56 pm #

    I have only little bar bell things and a bench, i love to kickbox and get a good workout , know of any to do at home without going to buy something new, that will help me lose weight and tone up?

  17. Benita July 25, 2013 at 3:35 am #

    I have no house to sell as am a first time buyer. The house is in Cardiff and is a standard two bed mid link freehold property in a stamp duty paying area. I have had legal fees quoted by local people of £1950 or £2400. Can i get it any cheaper?

  18. Jeff August 13, 2013 at 5:41 am #

    I think I may be bipolar but I’m to embarrassed to go see a doctor.

  19. Fletcher August 15, 2013 at 3:46 am #

    Lets say I have a house worth 100k, I’m looking at a house that cost 150k. What all goes on in the process?

    -if I left out any information, please keep the numbers easy to worth with
    This is a serious question. I’m just trying to figure out the process. I don’t own a home, I was just giving a scenario to work with, that had numbers that would be easy to use.

  20. Mabelle August 18, 2013 at 6:58 am #

    I need to use a property conveyancer but I’m not sure what to look for? Can anyone help me out or know a good property conveyancer based in Sydney?

  21. Jewell August 18, 2013 at 11:34 pm #

    I’d like to have a plain tradition one with one of those bamboo fountains like this one.

  22. Hillary August 25, 2013 at 2:07 pm #

    Am new to DM and would like to know a breakdown of the SWAS reports and what they mean, if anyone could break that down. Also, which areas of the SWAS are the most important to reference to, and which areas do YOU find most useful?

  23. Denver August 25, 2013 at 11:40 pm #

    Long sotry short 6 months ago I bought a second hand SUV and whilst with the finance manager was informed of the Diesel particulate filter. At the time I had no knowledge of these so he gave me a lesson. Which was all very interesting but he also said when I turned down the most expensive warranty
    that I should at least get cover for the DPF. It wasn’t till after I agreed and signed and a few days later I realized my particular model of car hadn’t had the DPF fitted.

    Is this my ignorance or his? Probably mine as I know these guys are clever sods. He has the DPF cover written down all over the signed agreement I have at home.

  24. Manuel September 21, 2013 at 1:27 pm #

    I’m not talking about going on vacation, I’m talking about for 8 months while attending college in Chicago. How bad is it–is it dangerous. How much does it cost–be as detailed as possible.

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