Very rarely can any kind of homeowner ever say they have the best home. In both contexts of the overall market and to what their tastes demand, there’s almost no such thing as a perfect home. So even large, swanky and suave homes are in the firing line of our disdain. Despite not hating or disliking a home that’s in the upscale market, it doesn’t mean you’re satisfied. So if you’re wondering how you could sell your country manor, villa, mansion or similar type of property, rest assured there are techniques developed just for someone in your position. Immediately, you will already know that you’re not like other home buyers and sellers. There are many reasons why you have ended up with a fantastic home. It might be because of your professional occupation, as the heir, it could have been left to you upon someone’s death, or you have just saved up all your life to buy that gleaming house of your dreams. So, you have to approach the selling of your property, in the same manner, you approached buying it. Pay meticulous attention to detail, and good preparation isn’t just advantageous but serves as protection.
Forewarned is foreseen
When selling a large and expensive property, the legal process can be twice or three times as long. Since there are so many more features in and outside the property to consider, it’s wise to tell your solicitor early of your plans. Even before you have listed your property for sale publicly, your solicitor should have at least two months prior knowledge of your intentions. This is so they can sweep their calendar clean and focus on the huge responsibility of achieving the absolute best value for your home. An early investigation into the size of the rooms, the quality of the fixtures and fittings, the quality and size of your gardens, driveways, garages and any luxury features such as sculptures, statues, fountains, hedgerow mazes, swimming pools and tennis courts will save you many weeks. These features need their own inspection and valuation so remember to give your solicitor a heads up way in advance before making any public moves.
Unregistered title deeds
Another reason you should be informing your solicitor of your desire to sell your upscale house is so they can check whether the land the property is on is registered or unregistered. If your property is not registered by the Her Majesty’s Land Registry, there’s a different process you need to follow. Since unregistered land makes it difficult to see who really owns the property, it’s vital to give your legal team time to clear away any mist around the issue of proving you’re the true owner. Proving that you’re the owner of the property or hold the title to the land, depends on your ability to show a chain of ownership through deeds and other documents such as wills and inheritance documentation. Generally, a 15-year history of the property is going to be acceptable as the parametres to checking the deeds. Your solicitor will go through a procedure called ‘protocol’ which consists of filling out property forms as well as fixtures and fittings forms. This is so they can trace back to how the original property was or to see what condition the property was when you bought it. This is all to help gather and understand information that gives the land and property a true value.
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Honesty is expediency
The journey of selling and buying the property becomes real once conveyancing by both parties begins. However, just like any contractual agreement that will be signed at the end to make the sale of your property official, you need to protect yourself. Honesty really is going to speed up the process. As you can imagine, what’s inside the property and the design are just as important as the possibilities of the property itself. A legal team such as Slater Heelis solicitors will work with you as the seller, to go through the legal aspects of a contract to transfer ownership. This means they will help you word the sale price and the completion date of the sale. Clearly define the property boundaries while also highlighting planning restriction. What fixtures and fittings will be left with the property upon you moving out and therefore relinquishing your claim to them. The services to the property such as gas, water, electricity, and drainage systems that are apart of the property’s infrastructure. And marking out any legal restrictions and or rights which act as rules about using the property; for example public footpaths. When the contract has been finalised, and both parties as you the seller and the buyer have approved, the solicitor will oversee the signing of the final legally binding contract.
Energy performance certificate
A property is not a living space without the essentials we need for life. Keeping warm in the home and being able to use appliances thanks to the electricity that courses through the house. In fact, an estate agent cannot list your property for sale unless you get approval by the EPC. After you have had a survey of your energy rating completed, you will be given an energy performance certificate should you pass. With this certificate, you can ensure that the property is efficiently powered and things like central heating and boilers are working at optimal performance. It might also be in your interest to get a quote for a green deal loan. This is so that you have the information of what it would take to install energy saving measures at hand. The buyer might want to know what the price would be to install solar panels on the roof of the property. A green deal loan factors this in and is a way for homeowners to borrow money for the purposes of making their home more energy efficient and self-reliant. However as long as the loan is outstanding, the payments will be factored into the energy bills. Keep this in mind and inform the buyer of this technicality if they request information about a green deal loan estimation/quote.
Travelling through the winding hedgerows of selling an upscale property can be tedious at times, however, because the property is larger and the legalities more complex, getting a great solicitor on your side is the first thing you must focus on doing.