Thursday 21 June 2012

Getting an Estate Agent and Solicitor to Help Sell Your Home


If you are looking to sell your home then there are two key players who will help with the marketing and legal process:

·         An estate agent
·         A solicitor

Because these people play such an important part in the home sale process it is really crucial that you choose wisely and ensure that the terms of any agreement are going to work for you.

Choosing an Estate Agent

To start choosing an estate agent it is always a good idea to invite a few representatives of property marketing companies to come and value your home. This not only gives you an idea of the value of their property but presents you with a valuable opportunity to see how the different options operate.

While valuations on your property may vary, you should not simple opt for the agent who seems to promise the highest price – if others are valuing way under this should be an indication that the high valuation could be a ploy to land your business.

There are other factors that you should take into consideration before signing on with an agency to sell your home. Things you should look at before committing to a contract include:

·         Recommendations: Have friends, family or neighbours used the agent to sell successfully? Were they happy with the service?
·         Terms: What does the contract commit you too? How high is the commission? Can you opt out if you feel they are not fulfilling their obligation? Most agents will ask to market the property exclusively – try and keep this period as short as possible to leave your options open and provide the estate agent with the impetus to shift your home in a short time.
·         Exposure: Make sure you check out the agent’s advertising arrangements. Where will your home feature – in print? Online? On the high street? You want your home for sale to be as visible as possible.

Selecting a Solicitor for Your Home Sale

When your home is on the market you will need to ensure you have the structure in place to see through the sale. So selecting a solicitor is important. Make sure you have the right one lined up from when you receive that all important offer.

Things to consider when choosing a solicitor to help with your home sale include:

·         Are they recognised for conveyancing purposes by your mortgage provider? Some big lenders have cut the number of legal representative they will deal with down, so do check before you commit.
·         Do they specialise? Choosing a legal representative who focuses on property law can help the process run smoothly.
·         Are they responsive? There is nothing more frustrating when trying to seal a home sale than a solicitor who does not return your calls. If you find it hard to contact them then you might choose to steer clear.