Alex Marks Ltd

020 7078 7950

info@alexmarks.co.uk

Selling Process

1Why choose us

We are a locally based independent estate agent with a wealth of local knowledge, we carry out numerous valuations weekly, hold a large database of buyers in your area who are ready to move immediately, we open 6 days a week and conduct out of hours viewings and efficiently prepare your property ready for the marketing on some of the Uk’s largest property portals including Rightmove and On The Market.

2Valuation

We use a number of key tools that we have at our dispense including land registry, current market conditions and local comparable property  prices along with years of local experience to determine the true market value of your property.

3Instructing a Solicitor

The right solicitor can be the difference of the sale completing or falling through we always recommend using a solicitor you have either work with previously or have been recommended to by a previous client of the solicitor. We are can recommend a number of solicitors for you if needed.

4Presenting your property

First impressions last so make it count here are some quick points to look at.

  • Kerb appeal counts, keep front gardens trimmed and clean
  • Keep driveways tidy and clear of debris
  • Windows and seals cleaned and freshly painted
  • Good lighting makes a room look bigger change broken bulbs
  • Make good those little jobs that have been over looked, broken handles, cracked window pane etc.
  • Gardens and outdoor spaces tended to with greenery trimmed back

5Marketing your property

We will have a professional photographer take photos and produce a floor plan of your property to best maximise the marketing of your property. You will be notified of the photographer’s appointment so making the property look its best for this will give buyers the first look inside your property. Along with producing printed particulars your property will also be marketed online through the major property portals along with our website and our prominent sign boards as well as having access to our significant buyer database.

6The key to successful viewings

With our 6 day week opening hours and our out of hours viewings we cater for most people’s diaries in order to have access to your property and with each viewing being accompanied by one of our knowledgeable staff we maximise the opportunity of finding you the right buyer for your property.

7Receiving an offer

Once we have had a successful viewing and have received an offer we will notify you by both phone and in writing with regards to the details of the offer and the buyer’s position.

8Offer agreed

Once you are happy with the offer and wish to accept we will prepare a memorandum of sale, write to all parties to confirm the agreed sale price and introduce both solicitors in the transaction for the transaction to proceed.

Your solicitor will send out a draft contract to the buyer's solicitor who will then carry out the required preliminary enquiries. At this stage you will also be able to agree on dates for the survey on your property, exchange of contracts and proposed date for completion.

There are no legal obligations until contracts are signed and exchange has occurred.

9Exchange of contracts

Once the buyers solicitor has gained the relevant information about the transaction and all enquiries, local searches, mortgage offers have been received and acceptable you will be asked to sign the contracts for exchange of contracts at which point the transaction will be legally binding and the buyer legally bound to purchase the property along with a deposit exchanging hands between the solicitors. At this time a completion date is also set.

10Completion

Is the BIG day your property is now SOLD and your solicitor will be in receipt of the balance of the purchase funds. Once the funds have been received your solicitor will notify you and your us as your estate agent to release keys to the buyer.

Close
At Alex Marks we like to do our best in keeping the rental of your new home as simple as possible and below is some guidance on our process if you wish to Let a property through Alex Marks.

1. If you would like to offer on one of our available properties, we will require an email confirmation of your offer, including tenants employment status, move date,   price, terms of your offer etc

2. Once the email has been recieved, Alex Marks will endeavour to agree the terms of the offer with the landlord(s).

3. Once the offer is agreed, we require a holding deposit of 1 weeks rent to be paid via cash, debit card or BACs payment. The holding deposit will go towards your final balance of a 5-week security deposit (6 weeks if the rents is £50,000 or above per annum) and 1 per calendar months rent (weekly rent x 52 weeks / 12 months). This balance is payable to us in cleared funds prior to the agreed move date.

4. We will require tenants to provide Alex Marks with the following references, Previous landlord reference, 3 months bank statements, Employment or student status confirmation, payslips if required, and in person the tenants must attend our office with their original passports and Visas’s (if any) for Alex Marks to carry out their ‘Right To Rent’ checks.

For the avoidance of doubt the tenants if working must have a combined income of 2.5 times the amount of annual rent, so if the annual rent is £10,000 the tenants combined income must be £25,000 and where there are Guarantors required the Guarantors must be UK residents and have an income of 3 times the annual rent. Guarantors will be required to provide Alex Marks Ltd with 3 months bank statements, copy of passport and a utility bill. This can be done electronically

If you are a student, we will require you to have either a UK based Guarantor or University Guarantee. Alternatively rent can be paid in advance, please call us to discuss this further if you wish on 0207-078-7950

5. Once all references are complete our administrator will be in contact to arrange the signing of all relevant paperwork’s, payments and collection of keys.  

During the tenancy if there are any changes required to be made to the contract, on request from the tenant there will be a charge of £50 (inc VAT) per change. This may include a tenant change.
Alex Marks Ltd is a member of The Property Ombudsman and is a member of 'Client Money Protect' membership No: CMP003578