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Property2 March 2023

Eight Things to Remember When You're Selling a House

Riverside properties in Norwich

Conveyancing can be a long and stressful process, but the work of conveyancers helps to reduce this significantly. This article explores eight important issues when selling your home in England and Wales.

1 - Conveyancing

The conveyancing process involves transferring legal ownership of the property from the seller to the buyer. It is essential to work with a qualified solicitor or conveyancer.

2 - Energy Performance Certificate (EPC)

An EPC is required when selling a residential property. The certificate is valid for 10 years and must be provided to the buyer before the sale is completed.

3 - Capital Gains Tax

Subject to certain conditions, you do not need to pay Capital Gains Tax when you sell your home. If you sell a property that isn't your home, you may need to pay.

4 - Property Information Forms

The seller is required to complete a Property Information Form and a Fittings and Contents Form.

5 - Property Boundaries

Ensure property boundaries are clearly defined and any disputes resolved before completing the sale.

6 - Estate Agent's Fees

If using an estate agent, shop around and compare fees to ensure a fair price.

7 - Repairs and Renovations

Consider any repairs or renovations that may be required before putting your property on the market.

8 - Timing

The timing of your sale can have a significant impact on the price you receive and the speed of the sale.

If you would like some further information about the contents of this article, contact us today on 01502 532300 or email us using the 'make an enquiry' form.

This is not legal advice; it is intended to provide information of general interest about current legal issues.

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Anita Bushell

Anita Bushell

Partner — Head of Residential Property and New Homes

Lowestoft, Norwich & Great Yarmouth

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