Oscar Knight
Oscar Knight

020 3909 0888

property@oscarknight.co.uk

Selling Process

A property sale isn’t about the bricks and mortar; it’s about people, their hopes and dreams, and their needs. The estate agent you choose is part of your moving puzzle, and at Oscar Knight we have all the right elements to get you sold and on your way. When you are ready to sell your home, you need help from a specialist and local estate agent. At Oscar Knight, we are here to help so below is our handy 7 point sellers guide designed to assist your property journey and prepare for selling your home.

Make sure your finances are in order

People know buying a home is expensive but there are many costs associated with selling property, and this can be expensive. Draw up a budget, know what finances you are dealing with and make sure you are confident about your mortgage.  If you have a mortgage to redeem or you have to arrange a mortgage in order to buy a new home, these are important steps, so make sure you have everything in order.

Present the home to a buyer’s tastes

Forget your own tastes and preferences, when you sell your home, you want to appeal to the most likely buyer.  At Oscar Knight, we understand the local market and we have considerable experience in knowing which buyers are looking for which house types in this area. We will ensure your property is presented to their tastes and demands.

The following tips are worth considering when presenting your house for sale:

  • Ensure the property is clean and has been tidied to the highest standard
  • Declutter the property – this creates space and minimises your influence
  • Ensure all repair work is carried out before placing the home on the market
  • Create kerb appeal with a theme in the garden area
  • Decorate and style with the buyer in mind

Planning your move

How do you intend to move your belongings from your current (and soon to be former) house to your new one? Make sure you have plans in place whether it is hiring a removal company or undertaking the move yourself with friends and family members helping out.

Do you have a solicitor in place?

There is a lot of legal work to be undertaken when you sell your home and it is important that you have a professional you trust undertaking these matters. A good solicitor will speed up the sales process while ensuring you receive the best guidance.

Oscar Knight Estate Agents can recommend a solicitor if you need assistance in finding a professional.

Timeframe of the move

Given that many issues can arise when selling your home, it would be wrong for any agent to state that the deal will take a specific amount of time to conclude. However, there are issues impacting on the timeframe of a move, including:

  • How quickly you need to sell and move on
  • Whether the home needs repair and maintenance work before the move
  • If you are also buying property and the property you wish to purchase becomes available unexpectedly or at short notice

Viewings

One of the most important stages of the house selling process is the viewing process. Oscar Knight are happy to carry out viewings at your property and we will offer immediate feedback on every viewing.  It is important to create a flow around the home, starting in a positive room and concluding the tour in the same room.

Make sure you allow viewers to wander freely at their leisure but be on hand to guide them around the property and answer any questions they may have.

Deal with administrative matters

There are many administrative matters to deal with when moving home. You should update your bills and contacts, including:

  • Bank / Credit card providers
  • Medical practitioners
  • Mobile phone/broadband providers
  • Council tax
  • Car insurance / home insurance
  • TV licence
  • Education providers for you or your children
  • Gas/Electricity/Water

You should also consider arranging a mail redirection from the Royal Mail, which will ensure that you don’t miss any important mail from people or groups who you forgot to update about your move.

At Oscar Knight Estate Agents, we are here to help you sell your home so contact us for the best support, guidance and hands-on help when moving.

 

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Letting Fee Information

Tenant Fees & Charges

There are various fees and charges associated with renting a property that you should be aware of when considering making an offer on a property available through us; some are mandatory and some are possible additional fees. They are as follows:

Property Reservation

We ask for a property reservation payment of £500 before we put forward any offer to the landlord as confirmation of your intent to proceed with the proposed tenancy. This will ensure that no other applicant of Oscar Knight Agents will be shown the property (although bear in mind that landlords sometimes instruct other agents, over whom we of course have no control). Should the Landlord decide not to proceed with the tenancy, the payment will be refunded IN FULL unless the Landlords decision is as a result of you failing the referencing procedure (see reference charges below) or by you attempting to alter the initial terms of the proposed contract. The property reservation payment is non-refundable in any part for any other reason. Payment of this sum does not constitute the granting of a tenancy


Security Deposit

A security deposit equivalent to 6 weeks' rent (8 weeks if you are a student) must be paid in cleared funds when you sign the tenancy agreement and is held by the landlord or Oscar Knight Estate Agents as Stakeholder for the duration of the tenancy in accordance with the terms of the tenancy agreement.


Admin Fees

Oscar Knight will typically charge a one off tenancy administration fee of £350 inclusive of vat on a per property basis at tenancy start. This fee covers the cost of drawing up a legally binding contract for the tenancy aswell as the costs associated with referencing each applicant inclusive of checking credit status, current employer, current or past landlords, and taking into account any other information to help assess the affordability of a tenancy application. It also covers the cost of conducting a check-in at tenancy start.


References

You are responsible for any administration charges levied by your own bank in relation to obtaining a reference

Should you fail reference checks the £500 property reservation payment shall be refunded less a referencing charge of £99.00 inclusive of vat per tenant applicant and or guarantor.

A reference may be requested by a tenant at any time. The cost for this service is £24 inclusive of VAT per reference and is payable upon request.


Renewals

You will be contacted approximately 90 days in advance of the tenancy end date to ascertain if you wish to extend your tenancy or to confirm the date you will be vacating the property. If the tenancy is renewed, no fee is payable by the tenant to cover our administration for this.


Change of occupancy

In the event that one or more tenant(s) wishes to be replaced during the tenancy, consent will need to be obtained by the landlord first. It is usual practice that the landlord will require a suitable replacement tenant to be found prior to allowing the tenant(s) to be released from the obligations of the tenancy. The replacement tenant will need to provide suitable references and take over the tenancy from a relevant date i.e. the rent due date. The exiting tenant will need to 'surrender' the tenancy and upon receipt of written landlord consent Oscar Knight will draw up a new tenancy agreement for signature by the new tenant along with all the remaining parties. The deposit and check-in for the original tenancy will apply to the new tenancy. An administration fee of £120 inclusive of VAT will be charged for this.


Change of identity

Upon receipt of written landlord consent Oscar Knight will draw up a new tenancy agreement for signature by all parties. An administration fee of £84 inclusive of VAT will be charged for this.


Arrears

An administration fee of £54 inclusive of VAT will be charged for each letter sent by Oscar Knight regarding late or non-payment of rent for administration charges.

Should any fees or charges remain outstanding at the end of the tenancy, Oscar Knight will deduct the total amount due from the security deposit.


Debit/Credit Card Payments

There are no charges for payments made to Oscar Knight via EU debit card or EU Credit card.


Stamp Duty Land Tax

This tax is payable on tenancies where the rent exceeds £125,000. Please contact HMRC for further information.


Amendments

Oscar Knight reserves the right to change the schedule of fees and these terms of business upon providing reasonable notice in writing.