Selling your property: What happens when. Part 1
Category Property Advice
The process of selling your property might seem complicated and even a little bit daunting, especially if this is your first time. But it doesn’t have to be. When you give us your mandate, your Upton Properties agent and the experts in our offices will be with you every step of the way. To help simplify everything, we’ve prepared this step-by-step outline so you’ll know what happens when. In this article we’ll take you through the process from the time you give us your mandate until you accept an offer to purchase.
Before we list your property…
- we’ll research property values in your area by looking at what’s recently sold, what other properties like yours are currently on the market, and what properties like yours have been taken off the market recently. Armed with this information, as well as our view of current market conditions, we’ll prepare a Competitive Market Analysis (CMA), which will help us advise you on a pricing strategy for your property.
- we’ll discuss your specific selling and buying needs and plans, help you complete a Seller Questionnaire, and discuss the listing, showing, contract and transfer processes with you.
- we’ll explore your property with you so you can tell us more about it and we can see where we might suggest some improvements that could help you get the price you want.
After we’ve vewed and photographed your property…
- we’ll erect a FOR SALE board on your property (with your permissin), prerpare adverts and an advertising schedule. We’ll also prepare a professional brochure ond distribute it to all our agents, list your property on Property 24, Property Genie, SAHometraders and other websites. We’ll contact all the prospective buyers on our datebase and arrange a first show day. (For many sellers, that’s all it takes!)
- we’ll also ask you about suitable viewing times and arrange viewings accordingly. We’ll qualify these potential buyers BEFORE we bring them to view your home so you’re not bothered unnecessarily.
Needless to say, we’ll keep you informed of any activity on your property, give you feedback from potential buyers.
When we get a written offer…
- we will detail all your expenses and prospective nett proceeds, analyse, evaluate and proof the Agereement of Purchase to ensure it is complete and accurate, discuss the qualifications of the prospective buyer and explain all the details and procedures to you.
- we’ll negotiate on your behalf, deliver or communicate all counterproposals promptly.
Once the sale has been concluded…
- we’ll collect the deposit and assist the buyers with a bond application, process the sale and send copies of the agreement to all parties, track bond progress and notify all parties of bond approval.
- we’ll erect a SOLD sign, organise beetle, electrical ,plumbing and gas certificates, monitor all parties and organise keys for occupation.
- We will also advise all parties of registration and explain pro forma account if necessary.
WHAT HAPPENS NEXT? For an explanation of the transfer process, please see Part 2 of this article.
Author: Uptons
