Everything related to properties is bound to be complicated. The UK’s real estate laws and regulations can lead an average person to frustration and confusion! Given the complexities of the world of real estate, there's all the more reason for one to consider selling their property a daunting task.
The Difficulties of Selling a Property
As a property seller, there's much to deal with—or dread, rather. There's the negotiation of price and terms, costs incurred in preparation and presentation of the property, all while anticipating the possibility of dealing with prospective buyers who are not so easy to handle.
Aside from all the legal talk, there's the issue of dealing with people. While trying to sell your property, you will have to handle the buyer's requirements, and know what to do when prospective buyers aren’t satisfied with the property.
However, besides the other worries and duties of a property seller, there's probably nothing more intimidating than the mountain of paperwork needed to submit so that you can sell your home!
Paperwork: The Biggest Hurdle
We've all seen the complicated paperwork and the accompanying documents when given an offer to purchase—it's enough to make anyone throw up their hands in despair! Well, regardless of how you feel about the paperwork, you must comply.
Compliance with real estate rules and regulations can be tedious and lengthy, but it's a necessary step if you have to sell your property! Fortunately, it's not as difficult as it seems. There are a few tricks along the way that can help make the whole process a bit easier and make your selling endeavour a bit less problematic.
There's no need to go through the process of selling a property feeling frustrated, confused, and overwhelmed—it can be a lot easier to get through, as long as you're aware of everything you need and learn about all of the know-how!
The Essential Documents to Submit for Selling your Property in the UK
There are a lot of documents that are needed to sell your property. Although it may be tempting not to submit all of them, they are crucial to the selling process. Depending on whether or not you complete all of the essential paperwork, you could either sell your property with no problems or not.
Here is a run-down of the documents you must prepare in the UK:
Energy Performance Certificate
The Energy Performance Certificate is a document that shows the energy efficiency of the building, which is submitted for every property for sale. You must get this from a registered energy assessor. With this certificate, you can attract prospective buyers who value energy efficiency while securing you a better offer.
Besides benefitting you, the Energy Performance Certificate also helps prospective buyers decide to purchase a property. A property is a significant purchase—no one wants to buy a house that consumes an unreasonable amount of energy.
You must hire a certified energy assessor to acquire this document to evaluate your property. Once the results are in, the assessor will submit the Certificate to the government's website. Most real estate agents can arrange this so that you don't have to.
Identification and Proof of Address
As a property is a serious purchase, buyers are prone to many risks. As such, they will want to be as sure as possible before committing to a property. Before they decide to purchase, potential buyers must know that they can trust you and whether or not they can trust you.
Since prospective buyers will want to know who you are and where you are located, you need to provide a copy of a valid identification document. With your proof of identification and address, potential buyers will know that you are the owner of the property to be sold.
For buyers to verify your identity, they will want to know your address. You must provide a recent utility bill from your address. As for your proof of identity, you must present at least three forms of ID, such as a driving license, passport, or bank statement.
Property Title Deeds
The property title deeds may be the most important document you'll have to submit. This certificate contains a report of property ownership, which must be transferred from the seller to the buyer.
The Property Title Deed details everything about the property that you're selling. You must submit the property title deeds when you accept any purchase offer. This document is also sent to the Land Registry, an official organisation that maintains the records of UK properties.
Fittings and Contents Form
This is a document that is specially used to detail any property fixtures and fittings that are included in the selling price. It must be completed if there are any contents included in the property’s price or if the sale price consists of the fixtures, fittings, and contents of the property.
If the price you're selling does not include the fixtures, fittings, and contents of the property, then you do not have to submit this form.
Property Information Form
The Property Information Form is a document that you must submit to the Land Registry, and it helps identify the property being sold. This form also helps to identify the owner of the property, and it also serves to identify the title deeds of the property.
The Property Information Form is a document that must be presented to the Land Registry. It must contain the details of the property being sold, the details identifying the property owner, and the title deed information.
How to Ease Your Burden
Indeed, the paperwork is a lot! However, you don't have to take care of each document alone—a conveyancing solicitor can help you get through the whole lot! The last thing you want is to have to deal with a mountain of paperwork.
Conveyancers are licensed professionals to handle property transactions, such as selling your property. They can help you with all of the needed documents, and they can arrange the preparation and submission of all the documents.
We suggest comparing conveyancing quotes to find the best conveyancer that fits your budget. Make sure to talk to each potential conveyancing solicitor and determine whether they're giving a reasonable price for their conveyancing fee.
Conclusion
Now that you know what you need and have a better understanding of all the documents required, you can start looking forward to selling your property—or any property, for that matter!
Despite whatever fears and worries you have about all the paperwork, with the help of a suitable conveyancer, you won't have to deal with all of the paperwork, the complications of complying with real estate laws, and the intricacies of the property selling process alone.
If you need to compare conveyancing quotes, let the Conveyancing Calculator make it easier for you! If you are moving home, buying a house, selling a house or remortgaging a property, simply use our conveyancing quote calculator. We will provide you with instant prices direct from a UK-regulated SRA property solicitor or CLC licensed conveyancer. Get a quote today!
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