The Selling Process

The Selling Process

Arranging a market appraisal

If you are thinking of moving your first step is to arrange a market appraisal. Oakfield are happy to do these free of charge with no obligation. At this appointment our representative will detail all of our services and advise on market value with recommendations on a guide price.

Budgeting for your move

After you have ascertained what your home is worth you need to speak to a Mortgage Adviser to plan your budget for your intended move. If you don’t require a mortgage it is sensible to think through all the potential moving costs you might incur such as Stamp Duty, legal fees, agents fees, removal costs etc.

Arranging your solicitor

It is advised that you arrange a solicitor early on in the process so a file can be opened in readiness. Oakfield can refer you to our recommended solicitors who offer a conveyancing solution on a No Sale, No Fee basis.

Getting your home ready to show potential buyers

First impressions are vital, sometimes a fresh coat of paint along with some de-cluttering can make rooms appear brighter and larger.

Marketing your home

Once we have taken your property on, the particulars will be marketed immediately in our branches, uploaded onto our extensive database that efficiently matches properties with applicant requirements. We also advertise in local press and various internet portals, to maximise exposure.

Agreeing a sale

When a sale is agreed we check a buyers ability to proceed by speaking to other agents if a chain of sales is behind your buyer. If your buyer has the cash, with no related sale, we will ask for proof of funds. Once all the information is to hand we will write to all parties to confirm the sale and then the legal progress commences.

Legal work before exchanging contracts

Once instructed the solicitors will commence work on progressing the sale. This will involve arranging searches, raising and answering enquiries, checking through all documents and, if mortgage finance is required, dealing with the relevant financial institution. This process should take on average between 4-6 weeks.

Exchanging contracts

A sale is not legally binding until this point. At exchange of contracts it does become legally binding and a moving / completion date is set. This is the date to confirm your booking with your removal company and to notify your contacts of your new address and moving date.

Completion / moving date

This is the date you must vacate your home. Agents cannot release the keys until they have had confirmation from the solicitors that the monies have arrived. The usually happens in the middle of the working day (between 11am and 3pm).