Refundable Holding deposit - Capped at 1 weeks rent

Security Deposit - Capped at 5 weeks rent for annual rental under £50,000, or 6 weeks rent for annual rental over £50,000

Rent - The agreed monthly rent

Changes to tenancy - Capped at £50 inc VAT

Early termination charge - Not exceeding the landlord’s financial losses

Late payment of rent - Interest of 3% above BoE base rate for each day the rent is late, once it is 14 days overdue

Replacement keys - Reasonable costs or give the tenant the option to purchase themselves.

Utilities, council tax, communication services, TV Licence etc - Tenants own responsibility unless otherwise stated in contract

Client Money Protection Scheme
Membership details TBC

Property Redress Scheme Membership details - Membership number D8870

DPS Deposit protection Scheme - Agent Number 1581837

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Selling Process

1How Will My Property Be Valued?

A property valuation is a crucial part of the process of selling your home and

Pitching the price correctly requires skill, you want the best price and so do we. Get a property valued too high and it won’t receive any interest, too low and your property sells for much less than its worth. We offer a free property valuation that pulls together information to get you an accurate valuation

Cosmetic and general structural condition of the property being valued
Future potential of the property
The prices achieved for similar properties within the area that were recently sold

These are important aspects that will help us value your property correctly and get you the best and appropriate asking price.

2Which Estate Agent Should I Use?

Selecting the perfect estate agent to represent your interest is most important. When selecting the perfect estate agency for your property interest, there is criteria that you need to look for:

Local knowledge or both the property rental and sales markets
Well trained and highly motivates staff
Clear and fair terms of business
Competitive fee structure
Proven history of selling and renting properties in that area

Thomas and Partners estate agency tick every box, our agents are trained to an exceptionally high standard so you know you can rely on us.

3What Is An EPC?

An EPC is an Energy Performance Certificate and as of the 6th of April 2012 it became a legal requirement to display all the EPC details on all the property particulars. If you are looking to sell a property or become a landlord and rent a property then you need to provide an EPC. EPCs last for 10 years, get in contact with us and we can assist you in finding a registered domestic assessor to provide you with one for your property.

4Which Solicitor Should I Use?

Buying or selling a property is a big decision and you will need to decide who will do your conveyancing. Conveyancing is the term used to describe the legal process you must go through when buying or selling your home.

Conveyancing can be done by a solicitor or a licensed conveyancer, when you are selecting one, make note of their fees and find out what other costs are involved as well as finding out when all the fees are payable. Thomas and partners are happy to recommend a solicitor to you to help with the sale or purchase of a property if you do not have one.

5How Should I Present My Property For Sale?

The way you present your home is an important part of the selling process. Your estate agent will do most of the marketing, Thomas and Partners will guide prospective buyers around your property by appointments and your estate but there are things you can do yourself to increase the likelihood of getting an offer on your home.

Ensure your home is tidy and clean
Remove personal photographs for viewing - It makes the property more of a blank canvas for the buyers
Create parking space if possible - if you can park your car around the corner for viewings it will create a positive experience for prospective buyers if they can park near the property/

For more tips on how to present your property, get in contact and one of our agents can help guide you further.

6How To Market Your House For Sale

To find the right buyer, your property needs maximum exposure across a wide range of media. Being estate agents, Thomas and Partners can offer a range of important marketing benefits which will aid in getting you the best possible price.
Raising the profile of a property for sale requires following methods:

Erecting a For Sale board – This is one of the most effective ways to advertise and attract buyers to your property. They really do work and they advertise that your property is for sale 24 hours every day.

E-mail – The world of technology now enables us to send your property all around the world with a simple click of a button, making potential buyers aware that your property is up for sale.

Direct marketing – Thomas and Partners have a huge list of potential buyers already registered with us, we will contact any prospective purchasers and inform them that your property is for sale within minutes of receiving your instructions. Any details will be sent via any methods of communication including emails and SMS alerts. Targeting a direct market of registered applicants ensures we don’t get time wasters.

Website and property portals – Our website is updated instantly and full details of your home will be placed as soon as details have been approved. In addition to advertising your property for sale on our website, we also advertise in local press and through national property portals.

7Accompanied Property Viewings

Thomas and Partners estate agency believe that flexible opening times are essential to maximize viewing opportunities for your home. We know that our customers need to work around their usual daily commitments, resulting in a large number of our clients viewing after work or at weekends, our estate agents are more than happy to work around their clients schedule.

Accompanied viewings allow us to share our expert knowledge on your property to achieve competitive offers. The safety of our clients is paramount therefore we never allow prospective buyers to visit unaccompanied.

Viewing a property under coronavirus restrictions

With the new coronavirus restrictions and safety measures, Thomas and Partners make sure that all viewings adhere to the national guidelines, all of our estate agents will wear masks and adhere to social distancing rules and the same is applied to any potential viewers that are looking to purchase your property.

8What Happens When I Receive An Offer On My House For Sale?

When selling your home with Thomas and Partners you can feel assured that all the offers made on your home will be legitimate and validated by the time they are reported to you. All offers on your property will be reported both verbally and in writing, and would have been validated by asking for their Agreement In Principle and proof of funds.

We will also conduct checks under the Proceeds of Crime Act 2002 and Money Laundering Regulations 2003 and ensure that any mortgage offer is verified. In the case of multiple offers, we will advise you on the best course of action.
We will always try to achieve the best possible price when selling your home and act in your best interests throughout the transaction.

9Offer agreed

As mentioned above, before an offer is agreed we will check the buyer’s ability to purchase a property. We can also contact the buyer’s personal mortgage adviser to confirm their financial commitment. This minimises the risk of a purchase falling through.

At the point of a sale being agreed, we will liaise with both your solicitor and the buyer’s solicitor and prepare the memorandum of sale and we will write to all parties confirming the agreed details of the property sale. Your solicitor will request the title deeds from the lender (if appropriate).

The solicitor will prepare the draft contract, which details the terms of the property sale, and send it to the buyers’ solicitor together with all relevant documents.
The buyer’s solicitor will then start the preliminary checks.

The Title Deeds and Lease (if applicable) of the property being sold will be checked and local searches carried out.
Remember that in England an offer is not legally binding, so until contracts have exchanged your buyer could change their minds without financial loss.

10When Are The Contracts Exchanged When Selling A House?

At this stage both parties become legally committed to the sale and purchase of the property, and if it falls through from this point onwards then the deposit is forfeited.

Contracts are signed by both the seller and the buyer and the solicitor requests the buyer’s deposit. A completion date is set and agreed upon by both you and the purchaser. Unless agreed otherwise (e.g. a simultaneous exchange and completion) the completion date can be anything up to 28 days from the date of exchange.

Once completed, congratulations, you just sold your home.

11Organising Your Move Between Properties

Normally both parties will want a short period of time between exchange of contracts and completion to organise their move, Usually upto 28 days unless agreed otherwise.

When moving out of a property you have just sold, If you haven’t done so already you should have arranged the following:

All packing and removal duties
Informed everyone of your change of address
Booked any re-connections of services for your new home.
Book any disconnects of services for the home you have just sold.

Remember on the date of completion the property has been officially sold and is legally owned by the new buyers so allow plenty of time to move out. Don’t forget the cat!

12What Happens On Completion Day?

Completion occurs when all outstanding legalities have been completed and the balance of funds are transferred to your solicitor. The solicitor will let you know when this has happened and will inform us so that we can release the keys.

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