Decision to Sell
The vendor decides to sell their home and may begin researching the market.
Considerations include timing, market value, and personal circumstances.
Property Valuation
The vendor contacts estate agents to estimate the property value.
An estate agent may visit to provide a valuation and discuss the sales strategy.
Choosing an Estate Agent
The vendor selects one or more agents to market the property.
Terms of service and fees are agreed upon.
Preparing the Property
The vendor may undertake cleaning, repairs, or staging (tip: declutter & depersonalise).
Professional photography and floor plans are created for marketing.
Administration work
You will be invited to Kotini for your admin onboarding and sent an email to activate your account.
Complete the tasks on your dashboard until there are no more tasks. This could include, ID & AML checks, listing and legal information, signing contract and more.
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Marketing the Property
The property is listed on major portals (e.g., Rightmove, Zoopla) and the agent’s website using the property information you have completed on Kotini.
Viewings are arranged and managed by the agent or vendor.
Receiving and Negotiating Offers
Interested buyers submit offers.
The agent negotiates between parties to agree on price and conditions.
Surveys & Conveyancing
Provide the agent with your chosen solicitor details to create the memorandum of sale.
Surveys and valuations to take place.
Your solicitor will answer any enquiries and may ask you for any information or documentation to provide to the other side (buyer's solicitor).
Exchange of Contracts
Once all enquiries have been answered satisfactorily, dates for exchange and completion are discussed.
Contracts are exchanged, and a completion date is fixed.
Completion & Moving In
Remaining funds are transferred, and keys are handed over.
Buyer(s) officially own the property.
If you have an onwards purchase see this article.