How to Speed up the House Selling Process
by Rizwan Osman on 1st June 2020
No property vendor wants the selling process to be long-drawn out and stressful, but in today’s market, where caution is the overriding sentiment, it can be inevitable. And this is true even if you have a desirable property in Tooting to sell.
However, there are always things you can do to help speed up the house selling process, and we’ve outlined a few of them below.
1. Choose an active local agent
Find a good local agent with strong knowledge of the property market, and one with experience of selling properties like yours. Also, aim to be as ready to sell as possible.
A good agent will move Heaven and Earth to help completion. Agents will think nothing of making chase calls, liaising up and down the chain, even driving to collect and deliver documents.
Communicate constantly with the agent and help them help you by keeping them up to date with everything.
2. Choose an efficient solicitor
Service levels in the conveyancing industry vary wildly. Traditional firms compete with tech-driven conveyancing factories. Neither of these are intrinsically better or worse than the other. What matters is whether they have a proactive approach to the conveyancing process.
You will get a good idea of a firm’s likely efficiency during the pre-instruction process. If they are slow in coming back to you, before you have instructed them, it does not bode well – go elsewhere.
Check the solicitor’s credentials. Are they part of the Conveyancing Quality Scheme? Do they have Lexcel accreditation? These are all good indicators that the firm takes service seriously.
Finally, check online reviews. Be balanced in your interpretation of these – it is hard to please all of the people all of the time when moving home. You are looking for a running theme of poor communication and delays. If you find this evidence, move onto the next solicitor.
3. Gather information for your solicitor early
- Have you located your Energy Performance Certificate (EPC)?
- What about any warranties or building regulations certificates, the property title deeds, a property information form, the fittings and contents form, among other legal documents?
If you’ve gathered together all the documents your solicitor has asked for and completed all the forms early, this should help speed up the selling process. Try and be as proactive as possible in supplying all the necessary documents.
4. Communicate regularly
Issues have a habit of springing up throughout the selling process, especially if you are in a chain and you’re waiting for other people to move ahead with things. It might be something arises concerning a question about the house, and in this case, it can be better for the seller to feed this information back to the buyer directly, instead of going through the estate agent. If a solicitor or estate agent needs to go hunting for information which you have readily to hand, this can end up taking a week or more. If you, as the seller, are happy to get involved, this can make things more efficient and less time-consuming.
We cannot overstate how critical communication is to a faster, less-stressful, successful home sale or purchase. There are, however, several components to improved communication during your property transaction.
- Ensure your property lawyer uses phone and email wherever possible.
- Don’t be afraid to chase people on a daily basis if you need to.
- Don’t wait for paper copies to arrive in the post. Ask for all docs to be emailed to you, so you can print them out yourself the same day.
- Ensure that you and your solicitor also CC in other relevant parties when corresponding, including the buyer or seller on the other side.
- Ask your solicitor to provide regular updates
5. Make sure your home is ready for potential buyers
When potential buyers come to view the property, make sure it is in a good state for selling. From fixing anything which needs fixing, to depersonalising as much as possible, removing unnecessary clutter and generally making the house look clean, comfortable, warm and welcoming.
Try to put yourself in the potential buyer’s shoes. What would appeal to them? What are they looking for? Also, try to enhance or make the most of the property’s most winning features.
6. Set a realistic timeframe for the sale
There’s no harm in indicating a realistic timeframe to your buyer, or to the seller of the home you intend to buy. Proactively communicating with them yourself to a get a clearer idea of their movements should help to push things along.
Are you looking to sell your property in the Tooting area? Contact us today for a free valuation.