Selling London property

Selling London property

For “Londoners”, London could mean two cities: the ancient City of London, which is now to a great extent a financial district, and the City of Westminster from which road distances are measured. Selling London property may not be quite as easy as in other places since you’d have to contend with the competition, the price, and the legalities that would ensue. To help you in selling London property, there are companies that take care most, if not all, of the essentials.

The Hyde Group is a provider of affordable properties and guide in selling London property. This company provides services in the key cities of London, Surrey, Kent, Sussex, Cambridgeshire, Hampshire, Lincolnshire, and Northhamtonshire. If you share-own a property, you can simply sell your equity anytime. For leaseholders who own 100% of flat property, you need to completely fill out a Deed of Transfer (specified in your lease) and a Deed of Covenant with Hyde if you intend to sell your house.

On the other hand, while it makes great ease to hire estate agents, the commissions they could ask from you ranges from 1.5% to 3.5% of your property’s total selling value. Add VAT to that, it could translate to thousands of pounds, which you could have saved if you sold the property yourself with some help. Below are some tips in selling London property:

Ask at most five estate agents to estimate a current value of your property to verify the exact selling price. Hiring agents for valuations usually are free of charge although you need to verify this with the agent before permitting him/her to do this task. Be on the lookout for the prices of other properties similar to yours. Design a marketing strategy and the budget for such.

Next, check with your local authority whether they can allow you to place a “For Sale” in front of your property. Although this is an old method of selling London property, this often works well and does not require an estate agent. Definitely, people will notice your sign and may want to call you so keep your phone lines open or set your answering machine and anticipate customers to be calling you.

You’ll be lucky to sell your property quickly but it helps to anticipate that it could take longer as well so look for warranties in timber, damp proofing, and roof that can cover for long-term as well as short-term warranties that cover existing repairs. Also, when selling London property, ask for help to find a good solicitor who will take care of legalities such as the title of deeds, and discuss with you certain transactions you will encounter.

Selling London property