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The health and wellbeing of our tenants, applicants, clients and employees is of utmost importance, as is delivering the high standards of service you have become accustomed to.
With this in mind, and given the current situation with COVID-19 (Coronavirus), we have put together a guide for our tenants and landlords to help navigate these uncertain times.

Selling

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We’re Residential Property Sales & Lettings Agents of the Year!

Selling a property can be scary and fraught with challenges – it’s generally known as one of the most stressful processes to go through. However, with FleetMilne, it doesn’t need to be. We can help you to sell your property quickly and seamlessly, making it a straightforward and pleasant experience.

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WE SELL BIRMINGHAM CITY CENTRE PROPERTY

We understand the quirks of leasehold properties and what it takes to get that sale over the line in a timeframe that suits you. We know buyers and solicitors who understand these quirks too, and we can pair them up with your Birmingham city centre apartment to help make your life easier. We’ve even completed a sale in 48 hours from start to finish once. True story.

SELL YOUR APARTMENT WITH FLEETMILNE

Once we’ve valued your property accurately and agreed a sale quickly to a fully vetted buyer, you will be assigned a dedicated account manager. Their sole focus will be to seamlessly complete the deal for you. You should never need to call them because you’ll be frequently updated (and impressed).

It doesn’t matter whether your property is empty, occupied by you or by your tenant, we’ve sold hundreds of each and we know just the right approach required. In fact, one of our specialities is selling tenanted properties to active investors.  This means that you will keep collecting the rent right up to the day of completion; what’s not to love?

We offer three unique service packages to cater to all budgets and requirements – we’ll talk you through these to guide you to the package that’s best for you.

This is why we’re ‘Residential Property Sales & Lettings Agents of the Year 2019′ and United Kingdom Property Awards Award Winners 2019-2020.

Give us a call on 0121 366 0456 to start your sales journey with FleetMilne.

 

OUR SERVICES

 

Frequently Asked Questions

+How do I prepare my property for a sale?

Preparing your home for sale is incredibly important, as it will potentially allow you to sell your home faster and make it more desirable. The first step to making your property more presentable is a deep clean. Calling in a team of professionals to carry out a deep clean on your home is an affordable and effective way to freshen up your property for viewings and valuations. The next step is to completely declutter and de-personalise your home, which involves tidying away unnecessary items and removing personal touches, such as photographs and ornaments. This will allow the buyer to visualise themselves in your home.

If your property needs a face-lift, it may also be beneficial to spruce up the decor and carry out any necessary enhancements, such as lighting upgrades. If you’re unsure about how to prepare your home, don’t worry!

At FleetMilne, our sales and letting agents always identify what can be done to enhance your property’s offering when we attend the valuation.
+Do I need professional photography when selling my home?

If you have immaculately prepared your home ready for sale, we advise using a professional photographer to showcase your property (and your efforts) in its best light. In most cases, the imagery of a home is the main driving force behind the sale. Without professional photography, your property may look dull and unappealing, which will deter buyers from requesting a viewing. At FleetMilne, we understand how important professional imagery is when selling your home and that is why we offer this, along with professional floor plans, as standard services.
+How do I choose the right sales and letting agent?

Selecting the right estate sales and lettings agent for your needs is vitally important, but with so many different options out there on the market, it is not always the easiest decision. In recent years, online-only agents have become increasingly popular, largely because they typically charge a cheaper upfront fee. However, like with most things, cheaper is not always better. With a traditional high-street agent, vendors are in a much stronger position, as the commission fee means that if the agent does not sell your property, they do not get paid.

When looking for agents in your area and online, you should check out their reviews, ask them questions about turnaround times and marketing, and also explore what properties they have recently sold. As multi-award-winning estate agents working exclusively in Birmingham, you can count on us to help you achieve a quick and stress-free sale. Using our expert knowledge of the local market, we will take care of everything and make the whole process as smooth and as effortless as possible, whether you are selling your Birmingham property or buying.
+How do I market my property?

When selecting an estate agent to sell your apartment, you must understand how they plan to market your home, as this can be the deciding factor between selling your home fast or becoming a slow mover. As you analyse their approach, you should question which property portals (Rightmove, Zoopla, OnTheMarket etc.) they are going to use and whether premium listings are included within your package. You should enquire about any other channels that they plan to use, such as window cards and social media, as well as what imagery and copy they are going to share with prospective buyers. If you’ve selected an estate agent and you aren’t satisfied with their approach, you should make your feelings known immediately to prevent slowing down your sale.

FleetMilne will ensure your property grabs attention from the outset with stunning professional photography and floor plans included as standard. We take a proactive approach to marketing and selling your apartment, using high-quality advertising across all the major property platforms, as well as our own website and social media channels.
+How do I sell my apartment fast?

On average, it takes around 16 weeks for a leasehold property sale to complete, but there are some things that you can do to speed the sales process up.

Formally instructing a property solicitor before putting your property on the market will allow you to achieve a smoother sale. On that note, it’s also beneficial to compile all of the key documentation that the conveyancer requires, including deeds and notices. Additionally, you should order a leasehold management pack as soon as the sale has been agreed, as this can take up to 4 weeks to arrive, depending on your block manager. If you are living at the property, you should make early arrangements to move out to coincide with the completion timeframe.

Communication is also crucial when selling your home fast. Once you’ve appointed a conveyancer, establish a preferred method of communication and keep in close touch with them to ensure the sale is progressing at a reasonable speed.

At FleetMilne, we understand what it takes to complete a quick and seamless sale. That’s why we offer a sales progression service that is proven to speed up deals by 30%. If you’re struggling to sell your home in a timeframe that suits you, contact our dedicated sales team on 0121 366 0456 today.
+Should I buy and sell at the same time?

When looking for a new home, you need to decide whether you want to buy and sell at the same time or sell before purchasing. Selling your apartment before can bring many benefits, however, it requires you to have everything in place before beginning the process. Nevertheless, when selling with FleetMilne, you can rest assured that every tiny detail is being taken care of. Through a dedicated and bespoke approach, we help you to achieve a fast and seamless sale, regardless of whether you are selling before or buying and selling at the same time. Besides removing the stress of managing two ongoing processes, selling your home with no onward chain also makes you more attractive to the seller, as you are non-sale dependent and ready to move in. With that said, a downside to selling before is that you will need to find somewhere to live until you get the keys to your new home.

Depending on personal circumstances, you can choose to move in with a family member or friend, or even rent an apartment whilst the purchase goes through. As for buying and selling at the same time, the main complication is the chain, which can slow down the process. When buying in a chain, you will most likely need to secure an offer on your property before your own offer can be accepted. If you are unsure about whether you should buy and sell at the same time, please get in touch with our sales team, who will be able to answer any questions and concerns you have about the selling process.
+Do I need to sort my finances out before selling?

Before selling a home, you need to ensure that your finances are in order, or else you could run into issues further down the sales process. When you have decided that it is time to sell, you will need to make your mortgage lender aware of your plans. This will allow you to check whether or not early repayment charges apply to switching your mortgage to another lender, or if it is possible to ‘port’ your money to your new property. You will also want to get an estimate of how much your home is worth, so you can understand what you will be left with after paying off the mortgage. With our free online valuation tool, finding out what your home is worth has never been easier.
+What is the difference between a mortgage valuation and homebuyers survey?

Mortgage valuations and homebuyer surveys are two of the most well-known survey options for people looking to buy a property. Although there are many differences between them, it can be easy for buyers’ to get them mixed up.

A mortgage valuation is a survey carried out by the lender to ensure that their investment is secure and worthwhile. Within their valuation, the lender will assess whether the property you are looking to buy is worth the amount you need to borrow from them. This survey is beneficial for both you and the lender, as it will give you a clear understanding of the property’s value.

On the other hand, a homebuyer survey looks at the physical condition of a property. In a typical homebuyer survey, an assigned property expert will visit the home and examine the main areas, scoring them in line with their state. If an area is given a three rating, it requires immediate repairs. A rating of one means that no urgent actions are needed. Similar to a mortgage valuation, a homebuyer survey gives you a good insight into the suitability and value of the property.
+My home won't sell! What should I do?

There are many reasons why you may be struggling to sell your property. The good news is that the majority of them are within your power. If your home isn’t acquiring much interest from buyers, your first port of call should be to revisit the presentation of your home. Could it be de-cluttered anymore? Are there any pieces of furniture that could be replaced, added or removed? One of the main reasons why your home is not selling could be the asking price. It may be tempting to lower the price of your property when things are slow, but you should only do this if your research and sales agent supports this.

If the presentation of your home and asking price have already been reviewed, you should take a look at the imagery and marketing that is being used to advertise your property. At FleetMilne, we offer professional photography, floor plans and a bespoke marketing strategy as standard. Using carefully crafted descriptions across major online property portals, including Rightmove and Zoopla, we’re experts at attracting potential buyers to your home. Additionally, we carry out a full marketing review after three weeks if the property is not sold, as we do not believe in properties sitting stagnant on the market with no activity.
+How do I instruct a solicitor?

Firstly, it is wise to appoint a solicitor sooner rather than later, preferably around the time that you instruct an estate agent. At FleetMilne, we recommend a panel of solicitors based on their proven track record, their responsiveness and their experience of dealing with leasehold sales. Like choosing an estate agent, you should be mindful of picking the cheapest solicitor to save on costs. You should instruct a solicitor that you trust will efficiently do a good job. Then, once you’ve appointed a solicitor, you should ask them to start preparing contracts. Although it is likely that you won’t have a buyer in place, this will allow you to get a head start.
+Should I sell or let my apartment?

The decision of whether to sell or let your property usually boils down to your situation at the time, although, you are sometimes left without a choice. It is estimated that around 30% of landlords are considered ‘accidental’, as they’ve been left with no choice but to let their property due to a relocation or difficulties to sell. Before you decide to sell or rent your existing home, it is wise to get expert financial advice so that you can be clear on the pros and cons.

One of the main advantages of letting your home is that it will provide you with a steady income whilst you’re away or trying to sell. Plus, you can also sell the property with a sitting tenant, which essentially gives you the best of both worlds.

Additionally, renting out a property can provide buyers with an instant investment and income until the end of the fixed term tenancy. Although, it is recommended to speak to an estate agent before pursuing this, as they will calculate the anticipated rental income and projected yields.

For more information about renting a property, contact our dedicated lettings team on 0121 366 0456 or check out our services here.
+How much does it cost to sell my home?

If you instruct a high-street agent to sell your home, you can expect to pay a 1.5-2% + VAT commission fee on your sale. Therefore, if your home is worth £250,000, you will pay approximately £3750+VAT in estate agents fees. The management of your sale, marketing and viewings are often included within this payment, so you shouldn’t need to worry about any additional fees. The sales fee will also usually be taken from the proceeds of the sale, so your solicitor will apportion costs and pay the relevant people.
+When is the right time to sell?

Like with all important life decisions, timing is key when it comes to selling your home. If you need to sell your home quickly, you may have no choice but to sell your property at the earliest opportunity. However, if you are not in a rush, you can be selective and pick the best moment so that you get the most out of your sale. There are all sorts of myths and misconceptions about the perfect time of year to sell your home.

Spring is often said to be the optimal season for selling, as the property market tends to pick during this period, meaning buyer demand is high. Autumn is also favourable for selling, unlike Summer and Winter. During these seasons, people typically go away and enjoy time with their families and friends, so are not looking to purchase a property. Ultimately, though, the choice is completely up to you and should be made according to your specific needs. Using our vast experience and expert knowledge of the local property market, we can advise you on the best time to sell your home.
+What should I look for in a buyer?

Similar to choosing an estate agent, you should be meticulous about which buyer you want to purchase your property, as the highest bidder isn’t always the best option. Cash buyers can help you to complete a more seamless transaction, as there is often a lot less paperwork to deal with, but they may also use their position of convenience to drive down the asking price.

First-time buyers also allow you to enjoy a quicker and easier closing because they are chain-free and often eager to move in as soon as possible. Although it is wise to prioritise chain-free buyers, you should not entirely rule out buyers who are in a chain. They may be in a strong position to purchase your property if they have already appointed a solicitor and had surveys carried out. At FleetMilne, we always advise sellers on the positives and negatives of each type of buyer, especially if there are multiple offers on the table, enabling you to pick the most suitable purchaser.
+How high should I price my property?

Finding the right price for your property is tricky, as you are often balancing on the very edge of going too high or too low. To help you set a realistic value, you should take a couple of things into account, including your ideal turnaround time, the buyer’s expectations and the advice provided by your estate agent. Before setting a price for your property, you should be mindful that most buyers try to knock down the asking price by around 5-10%. If you are looking to sell your property quickly, you should avoid falling into the trap of undervaluing your home. With that said, you do not want to price your home too high, as this may put buyers off.

At FleetMilne, we always ensure that we have comparable evidence to back up our valuations, which helps you to set a realistic price for your home. Are you looking to find out how much your apartment is worth? Use our free online valuation tool here.
+Should I sell with one agent or several agents?

It is recommended to instruct just one agent to sell your home, as opposed to using several estate agents. The majority of vendors select one agent because the process is much more manageable and is typically a lot cheaper. Plus, instructing a sole agent means that you avoid the risk of paying double commission, which can be very costly.
+When should I accept an offer?

When a buyer makes an offer on your property, you have three options. You can accept, reject or negotiate the offer so it’s closer to your initial asking price. Besides the bid, you need to consider the buyer’s position, such as their funding options, chain status and any conditions of the sale. You need to make a formal acceptance if you are happy to ahead with an offer. When selling with FleetMilne, your dedicated Sales Consultant will advise on their recommended course of action based on the level of interest in the property.
+What is a Section 20 Notice?

Section 20 of the Landlord and Tenant Act 1985 requires freeholders to serve notices before they can claim back the cost of works that exceed a value greater than £100 per leaseholder. The Act covers ‘qualifying works’, which are services, repairs and improvements made to a building, along with qualifying long term agreements. If a landlord enters a long-term agreement with a contractor for longer than 12 months, they can claim back the costs if they exceed £250 per tenant. The Section 20 consultation consists of three stages, starting with a Notice of Intention where the freeholder must explain the proposed works. After 30 days, the freeholder must provide a Statement of Estimates, which discusses how much the repairs will cost and when they will be completed.

The consultation then ends with a Notice of Award of Contract, which is delivered to the leaseholder to explain the reasons for who will carry out the works and why they have been chosen. A landlord may apply to the First-tier Tribunal for a dispensation from the need to consult with Section 20 if there are reasonable grounds to do so. This typically includes emergency cases, where the works are urgent and it is not possible to wait two months. Freeholders need to understand Section 20 and its requirements, as failure to comply can result in significant financial losses. Whilst we aim to provide you with a better understanding of the Act, this is by no means legal advice. Therefore, if you require further guidance, you should seek advice from a legal professional.

BOOK YOUR VALUATION
WITH KIRSTY

We’d love to help you sell your Birmingham city centre property. We’ll conduct a free, no-obligation valuation to understand your needs and reasons for selling, explain all that our services include and provide you with honest pricing.

If you decide to go ahead, we promise to treat you with the honesty and respect required to make your selling experience as hassle-free as possible.

Book your valuation with Kirsty, our Sales & Lettings Director, to start the process, or contact her for a chat first.