The Selling Process

Step 1:   Market Appraisal
To arrange for Peter Radice to carry out a free market appraisal of your property, telephone him on 01823 602985 or 07813 010151 or click on the link on this page to e-mail a market appraisal request form.

Our aim is to obtain the best possible price in the shortest possible time.

Peter Radice will give you all necessary advice:
     • Likely value
     • Best method of sale
     • Optimum timing
     • Marketing strategy
     • Any work needed to property prior to sale
     • Update on current property market

Most agents call this process a ‘valuation’ – usually a misnomer, as what they are quoting is a suggested asking price, rather than what they think the property might sell for. Beware the agent who deliberately overvalues in order to tempt you to instruct him.

Step 2:   Agency Agreement
Our terms of business are very simple and straightforward. We do not lock you into a minimum period of agency, which you should always avoid. Some agents insist on your being tied to them for 2 – 4 months, which means you cannot change agents if you are dissatisfied with the one you have chosen. We simply rely on your being happy with our service in order to retain your business.

Step 3:   Brochure
As soon as you have instructed us, photographs will be taken, floor plans drawn up and a draft brochure prepared for your prior approval.

Step 4:  Energy Performance Certificate (EPC)
An EPC needs to be commissioned for residential properties before marketing can commence. We can arrange for it to be supplied.

Step 5:   Solicitor
It is advisable to instruct your solicitor at this stage so that he can make a start on preparing for the sale. Solicitors will provide estimates of their charges over the phone prior to being instructed.

Step 6:   The Marketing Campaign
Peter Radice will keep in close touch with you as the campaign proceeds.

Step 7:   Offers
We will report to you verbally and in writing as soon as any offers are made, together with any other information required to enable you to make a decision. Peter Radice will negotiate on your behalf and will give you all possible help and advice.

Step 8:   Agreeing a Sale
When the sale has been agreed, your solicitor will send out the draft contract documentation and answer queries raised by the buyer’s solicitor.

An appointment will be made for the buyer’s mortgage valuer/surveyor (if any) to inspect your property.

We continue to monitor the progress of the sale and keep you advised.

Step 9:   Exchange of Contracts
When the buyer’s solicitor has approved the draft contract and the buyer has received any formal mortgage offer needed, the buyer will be ready to exchange contracts.

A completion date will be agreed and inserted into the contract which will be signed by you and the buyer and then exchanged, provided the other parties in any chain of sales are also ready to exchange at the same time.

A deposit, usually 10% of the sale price, is paid by the buyer’s solicitor to your solicitor.
It is not until contracts have been exchanged that the sale becomes legally binding on both parties.

Step 10:  Completion
On completion, the balance of the sale price is paid to your solicitor and you have to move out.