LKL Homes have over 36 years’ experience in the residential property market in Highbury and Islington. We have assisted every type of purchaser during that time, first time buyers, families in need of more space and investors. We have covered it all.
Our sales service will be tailored to your individual needs and our experience has taught us that each property has to be treated differently.
The selling process usually proceeds along the following steps:
Valuation (Beginning Stage)
We provide a free, no-obligation, valuation service on your property. When giving you a valuation, we take into consideration all relevant external factors as well as your own position. To request a valuation call or email us. We will also discuss with you our fees for selling the property, which are subject to VAT.
Confirming the Instruction
Once you have instructed us on the sale of your property the contract will be sent to you, which you must read, sign, date and return to us. We will then arrange for the property details to be produced, description, floor plans, EPC and photographs taken by a professional photographer. Before using the details, we will show them to you for final approval. We will also discuss with you how we feel the property should be marketed.
On the Market
Your property will benefit from an extensive range of marketing and advertising services, our own website, Rightmove, our social media pages and the positioning of a ‘For Sale’ board outside your property, if you wish.
Showing Your Property
We will take all enquiries relating to your property and arrange a mutually acceptable viewing times between yourself and the prospective buyer. Viewings will be conducted by appointment and our viewings are accompanied by a member of our sales team.
Initial Negotiations
Once a potential purchaser has been identified a member of our sales team will be on hand to help you with every step, from negotiating on your behalf until we achieve the optimum price for your property to the completion of the sale and the transferring of funds to your account.
Conveyancing
Your solicitor will handle the transferring of your property to the new owner. This process is called ‘Conveyancing’. Once the transaction has been agreed, your solicitor will send out a draft contract to the purchaser’s solicitor, who in turn carries out preliminary enquiries and orders a Land Registry search. They will also organise all the supporting paperwork (where applicable), i.e. Title deeds, copy of Lease, fixtures and fittings list, seller’s questionnaire, planning consent, guarantees, copy of building regulations and share of freehold certificate.
If you are selling a Leasehold property (not usually applicable to Freehold properties), it is recommended that you forward copies of your service charge accounts over the last three years, estimates for the forthcoming year and also building insurance certificates to your solicitor as soon as possible, after accepting an offer. In the case of apartment blocks, you can ask your solicitor to collect these documents from the Managing Agent.
During this period a survey of the property will be carried out. We will supply the valuer with comparable evidence to confirm that the agreed contact price is met at valuation.
Throughout the conveyancing process, we will keep you informed of the situation and help the sale proceed smoothly wherever possible.
Exchange of Contracts
Most buyers require mortgages. Once the mortgage offer has been confirmed and the conveyancing process is completed (both solicitors are satisfied), the purchaser is ready to exchange contracts with the seller. The contract is signed by both buyer and seller and the deposit (usually 10% of the purchase price), is either telegraphically transferred or paid in the form of a banker’s draft (cleared funds) by the buyers solicitor. The completion date is then set at this stage.
Completion of Sales (Final Stage)
This is usually set one to two weeks after exchange of contracts. The residual monies (usually 90%) are transferred from the buyer’s solicitor to the seller’s solicitors account. The usual length of time from accepting an offer to completion is between two and three months, but can be quicker if the purchaser does not require a mortgage.
If you would like further information please contact us and an experienced member of the sales team will be able to assist you.
