Arrange a Valuation
We will not pretend to know the value of your property without seeing it first, only by using a wealth of information and expertise that our dedicated team can provide for you, can you do this. We can arrange a convenient time with you for a member of our team to advise how much your property could sell for in the current market.
Estate Agency
ResiHut is noted for getting the best price for its clients when it comes to selling their properties. Our experiencedteam, work with energy, courage and determination to deliver the highest return for you.
Our team have years of expertise behind them to provide the greatest market exposure for your property for the duration of viewings.
We also have access to a huge numberof long-standing contacts of potential buyers and investors across London and overseasand has developed processes to slipstream the conveyancing process and ensure a smooth sale, right through to completion.
Why Use ResiHut?
ResiHutprides itself as a London property specialist. We offer a full range of services that aid our clients: buying, selling, letting, renting and managing homes and investments, valuations and consultancy work including others. Using real-time market movement knowledge and extensive industry experience, our team specialise in all areas of property market.
ResiHut appreciates the importance of creating long-term relationships with our clients, whatever their requirements may be, and focus on delivering a truly excellent service.
That is why we have some of the most experienced and qualified professionals in the property sector. We are a contemporary, dynamic, forward thinking agency that operates in the modern era, unlike many of our competitors who are still operating from high street shops with massive overheads that would naturally be passed onto the clients. If you are looking for anagency to serve you with commitment, energy and passion; an agency that can combine expertise and knowledgeable, experienced members that you will feel comfortable working with and can trust to aid you overcome various obstacles, choose ResiHut.
Selling FAQs
If it’s a smooth process and there are no complications it takes around 3-6 months from putting the property on the market all the way to completion.However, depending on the status of the seller and buyer, the timescales may vary. There are some buyers that are able to complete the process within a few days.
Ensuring that your property is well presented visually attracts more interest which will lead to more offers.
Instructing an estate agent to sell your property is not a legal obligation. Some sellerswill try to keep costs down by not using an agent at all.However, it is well worth noting the benefits an agency. Estate agents can provide the manpower and experience needed to effectively market your property. This in return will ensure it receives maximum exposure to attract as much interest as possible. They also organise the viewings, manage competing offers and oversee the entire sale through to completion. A good estate agent will find solutions to common issues and ensure a smooth sale is achieved as quickly as possible.
Estate agents normally charge between 1.5% to 2.5% commission on the sale of a property. They could potentially charge separate fees for advertising and promotional material. This will have to be confirmed to you by the agent before any instruction takes place.
The legal side of selling a house can be incredibly complicated so it is highly recommended that you do use a solicitor or a licensed conveyancer. Although not using a solicitor or licensed conveyance may save you fees, the amount of time and effort required to organise this yourself may not be worth the monetary saving. Also, a good solicitor will also bring to your attention anyissues that an inexperienced person may miss during the process.
Yes. This is a legal obligation that has been in place since January 2013. It must be made available within 7 days of putting the property on the market. If you are selling your property through an estate agent it is a legal obligation to display the EPC rating in all marketing tools.
If you’re selling through an estate agent, they will organiseviewings on your behalf. This can be extremely beneficial as they are in a position to deal with any difficult questions, screen any potential time wasters and of course advise interested viewers and yourself on the stage of sale and what happens next.
Selling your home with ResiHut:
We offer virtual tours
The most important aspect about selling a property is that it is yours. We never forget that your property is your most important asset. We aim to give you a personal service and make the process as comfortable as possible. We can confidently assure you that by instructing us to act as your agent, your asset will be in professional and caring hands.
- Search Sales Properties
- 8 stages to buying a property in London
Buying a property will be one of the most important decisions of your life. With this in mind it is critical to be careful and crucial to have an organised approach if you want to secure your ideal property. To help navigate your way on this journey, ResiHut has put together this step-by-step guide to aid with your planning and with various stages involved with purchasing you home.
Basic Guidelines for Buyers:
1. Leasehold Properties
London’s propertiesare mostly sold on a leasehold basis. Buyers and their solicitor should read and understand the whole lease and pay close attention to clauses that could adversely affect your future plans for the property.These could be anything from types of flooring or keeping pets in the property.
The duration of a property’s lease has a direct impact on the value of property, so buyers are advised on this before an offer is submitted so it can be factored in before an application is processed. If you are buying a property with a short lease and planning to extend the lease, it is wise to ask the seller to apply for a ‘Right to Extend’.If you don’t, you may have to wait for a number ofyears to apply for an extension yourself, by which time the cost of the extension would have increased significantly. Generally, leases get more expensive to extend once they have gone under 80 years. Also keep in mind that applying for a mortgage on a property under 60 years is very unlikely, you can talk to anyone in the team to address your queries in this regard.
Shorter leases can create its own changes for the buyer, especially international buyers that are not used to the leasehold concept; however, this could present a good opportunity for buyers investing for a short while and ready to go through the extension route.
2. Be Quick
London’s property market is one of the quickest in the world, so it is vital that buyers are ready to act quickly once they find the property, ResiHut will assist with this decision. As house prices move quickly in London, your seller may want more money, or continue looking for another buyer potentially willing to pay more if the existing process takes too long.
3. Be Ready
When you are ready to make an offer, ensure that your solicitor has confirmation that they are instructed to represent on your behalf right away. Also, you will require proof of funds for exchange and completion (bank statement for the full amount or an Agreement in Principle (AIP) from your lender confirming that you are approved for a mortgage).This will make all the difference if you are bidding against other potential buyers and will automatically make you a strong candidate to ensure you secure the property. This process is about making you the best possible candidate and giving the agent and the seller the confidence that you are committed to the purchase and that ultimatelyyou can perform.
4. Be Eager
If you want to be the first to know about an upcoming property, keep in regular and close contact with the estate agent and let them know if you would like to know of any upcoming deals! This is because the majority of the property stocks on property websites such as Zoopla or Rightmove will often take hours for agents to upload and it means that you are in direct competition of many more potential buyers.
5. Stay Savvy
London’s market is ever evolving and changing. Keeping up with these changes can be exhausting and daunting at times. Here at ResiHut we have a dedicated team that will keep you up to date with these development and market changes. Knowing when and where to buy and sell would make all the difference in this market.
6. Stamp Duty Calculator
‘Stamp Duty Land Tax’ is a tax due when buying property and land in the UK.
Typically your Solicitor will assist you with Stamp Duty payments.
Since 4th December 2014, you will only pay the rate of tax on the part of the property price within each tax band. (This is similar to how income tax is calculated)
From 1 April 2016, the Buy-to-let/second home rates were introduced and are 3 percentage points above the current SDLT (Stamp Duty Land Tax) residential rates. They are charged on the portion of the value of the property that falls into each band.
From 22 November 2017, first time buyers buying properties under £500,000 don’t pay any stamp duty up to £300,000, then 5% on the portion from £300,001 to £500,000.