Your selling guide
Thinking about upgrading or downsizing your home in Scotland? Selling might seem daunting, but with the expertise of a TSPC solicitor estate agent, the process becomes straightforward.
Whether you’re a first-time selling or just need a refresher, our comprehensive guide explains each step clearly.
Sell your home with a TSPC solicitor estate agent
Follow our 10 step guide on how to sell your property in Dundee, Angus and North Fife with a TSPC solicitor estate agent.
The first step in selling your property is getting a valuation, and our TSPC solicitor estate agents are here to support you every step of the way.
They’ll visit your home, offering insights into market conditions and providing an initial, no-obligation valuation.
Committed to the highest standards, our agents adhere to the Law Society of Scotland’s guarantee and stay up to date on changing guidance and legislation.
While it may be tempting to choose the agent suggesting the highest asking price, realism is key. Consider their ability to navigate the selling process effectively and emotionally, and don’t hesitate to ask questions during the valuation to ensure they are the right choice for you.
If your require a mortgage, your next step would be to evaluate your mortgage options.
Seeking independent mortgage advice can provide valuable insights into your mortgage options and help you make informed decisions about the best course of action.
Prepare your home for sale to ensure it’s appealing to potential buyers before it hits the market.
When preparing your home, try to view it from a potential buyer’s perspective. Your solicitor estate agent can also offer valuable advice.
In Scotland, it’s a legal requirement to get a Home Report before marketing your home.
Your solicitor estate agent will assist in arranging this essential step. The Home Report comprises of various components including a property questionnaire, a single survey, and an energy report. Important to note, lenders will only lend up to the Home Report valuation which is why it’s essential to have expert guidance.
A surveyor will visit your home to produce the Home Report necessary for the selling process.
Next up is determining the strategy for selling your property based on the valuation provided in your Home Report.
You’ll have the option to set the asking price as “fixed price,” “offers over,” or “offers around.”
“Fixed price” means your property is sold to the first person to offer the advertised price. This is ideal if you’re looking for a quick sale.
“Offers over” refers to selling your house over the asking price.
”Offers around” suggests you are willing to negotiate on the price you sell at.
Your solicitor estate agent will offer expert guidance throughout this process, helping you choose the most suitable strategy for your property.
Once your schedule and photographs are taken, you will have to approve these before your property is marketed.
Your property will now be set live on the TSPC website which attracts in excess of 131,300 website visitors per month.
Additionally, you’ll have the opportunity to upgrade to an Enhanced Listing for increased exposure on both the TSPC website and social media platforms.
Once your home is on the market, interested buyers will view your property to see if it’s the right fit for them.
You will have the option to discuss the viewing strategy with your agent. This includes whether you will carry out the viewings yourself or if someone will do them on your behalf.
The next step is to negotiate offers from potential buyers.
If a buyer expresses interest in purchasing your property, they may submit an offer or a formal note of interest through your solicitor.
If an offer is made, you have the option to accept it or negotiate the terms, including the selling price and the date of entry, with the assistance of your solicitor estate agent.
In the case of a note of interest, the buyer formally declares their interest in the property and may have the opportunity to submit an offer before it is sold. If multiple notes of interest are received, a closing date may be set, although it’s not legally required.
It is essential to take guidance from your solicitor estate agent to review the buyers position.
After accepting an offer, your solicitor estate agent will handle the legal aspects of the sale.
Once the missives are concluded, binding the contract between buyer and seller, neither party can withdraw without penalties.
However, before drawing up the new title deeds and transferring ownership of the property, your solicitor estate agent must conduct further checks to ensure your sale is water tight.
With the final conveyancing completed, your solicitor proceeds to draft the disposition, a document that legally transfers ownership of the property to the buyer. Simultaneously, the buyer’s solicitor prepares the Standard Security, which serves as the deed securing their loan for the purchase.