Unit A, 18 Western Gateway, London, E16 1BL
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0207 055 8000
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Oxygen Property Management realises the importance of selling your property and having the correct understanding and knowledge of procedures can only help you with the process.  For this reason we have outlined the simple procedures we believe you need to undertake to sell your property:

MOTIVATION AND PREPARATION
Before you sell your property there are a few important factors you should take into account:

Motivation:
Think carefully about why you are moving, what constraints you have and how urgently you need to move.  This could determine your whole approach to the selling process.  Moving house can be stressful, time-consuming and not least of all - expensive.

Decoration:  
A property which is in disrepair or in need of modernisation will not command the same price as that of clean, well presented property.  It is well worth spending a small amount of time, energy and money on "fixing" those odd jobs to make sure that you stand a better chance of achieving the best possible price.  If you require advice or a quote on any jobs big or small, then don't hesitate to contact us.  We have a team of builders and decorators who can provide an excellent quote.

 

CHOOSING YOUR AGENT
Oxygen Property Management offers you a very competitive and thorough service as outlined below:

Commission Rate:
Many agents charge between 1% and 3% for the service entailed in selling your property.  Oxygen Property Management offers a very competitve rate of 2% for Sole Agency and 3% for Multi Agency.   We operate on a no sale - no fee basis!

Notice Period:
On a sole agency basis we require 12 weeks notice and on a multi-agency basis no notice is required.

Marketing your Property:
Upon your instruction we will create a full set of particulars of your property and upload it immediately to our website.  We will also insert it into a weekly publication of The Docklands and Canary Wharf Magazine.  We are also subscribed to the 2 main property portals being: Rightmove and Zoopla.

Valuation of your Property:
This is generally the deciding factor when appointing an agent.  We have a dedicated agent who will visit your property and do a thorough research of the surrounding area to ensure you are achieving the most realistic price.

Accompanied Viewings:
We will always carry out accompanied viewings of your property so that you don't feel any unease as to who is entering your property.

 

APPOINTING A SOLICITOR
It is advisable to appoint a solicitor at the same time as finding your chosen agent.  This will reduce any potential delays when an offer becomes available.
 

GETTING AN OFFER
As soon as an offer is received we will notify you both verbally and in writing. 

Take your time and think about the offer you have received.  Remember that this is a negotiation with other things apart from the price to agree.  This is a time to play hard - but fair!

Between the acceptance of offer and exchange, the buyer has a lot to prepare.  As a seller you really do not have much to organise only to answer any questions that may come between the buyers solicitor and yours.  At this stage you are still under no legal obligation to sell!

Should the offer be accepted you are advised to contact your mortgage company about transferring the deeds and security for the mortgage if you are buying a property at the same time.

 

AGREEING THE SALE
Once you have accepted an offer it is imperative that you agree the following:

  • Details of any extras or additional items required with the sale or not required with the sale
  • Date for purchasers survey
  • Date for exchange of contracts
  • Date for completion of contracts

We will keep you fully informed every step of the way!

 

DRAFT CONTRACTS
Once the offer has been agreed, your solicitor will send out the draft contracts.  They will then carry out any relevant surveys and enquiries.  It is at this point that your solicitor should provide the following:

  • Title Deeds
  • Copy of Lease
  • Fixtures and Fittings list
  • Sellers Questionnaire
  • Planning Consent
  • Guarantees
  • Copies of Building Regulations
  • Share of Freehold Certificate 
      


SERVICE CHARGE AGREEMENTS AND BUILDING INSURANCE
This is not generally applicable with regards to Freehold properties.  We would generally recommend that you provide the following:

  • Copies of your service charges covering a 2 / 3 year period
  • Estimates for the forthcoming year
  • Insurance Certificates.

 

EXCHANGE OF CONTRACTS
Once all preliminary enquiries and searches have been completed exchange of contracts will take place.  If your buyer requires a mortgage to purchase the property they will have obtained a mortgage offer before this point.  They will now be ready to exchange contracts.  At this stage both the buyer and seller will sign the contract (deposits will be paid via telegraphic transfer or Bankers Draft). 

You can now agree the Completion Date.

 

COMPLETION
Almost there! Completion can be set anywhere between a few days to a few weeks after exchange of contracts.  The remaining monies will now be transferred to your solicitor.

That's It!  You have officially sold your home Congratulations.

FAQ’s for Property Sellers

  • When are the Agent fees payable?
  • What is the difference between Sole Agency and Multi Agency?
  • How long will it take to sell my property?
  • If my property does not sell do I still have to pay the Estate Agent?
  • Can I pull out of the sale if my circumstances change?
  • What can I do to increase the value of my property?
  • What should I do in preparation for a viewing?
  • I have a shared ownership property with a housing group. How do I commence with putting the property on the market?
  • What legal requirements and documentation do I need to sell my property?
  • Should I be present during the viewing?
  • What fixtures and fittings must I leave in the property and include in the sale?
  • When I get an offer should I take my property off the market?
  • When should I instruct a solicitor?
  • How do I know when the sale is completed?
  • What do I have to do when I have completed?