Selling a home

Homeowners often sell their homes to move to a different area or to buy a bigger property, or because they are having problems paying the mortgage and need to move somewhere more affordable.

If you have mortgage arrears or have been threatened with repossession, you need to act quickly. Call our helpline or get local advice. Use our directory to find an advice centre in your area.

Selling a home: the basics

Selling property usually involves six basic steps and lots of negotiations.

Using estate agents

From choosing an estate agent to final charges and fees. What you need to know if you're using, or thinking of using, the services of an estate agent.

Accepting an offer

If a potential buyer decides to make an offer to buy your home, this is only the start of the process. See what happens next if you accept the offer.

Valuations and surveys

A qualified valuer comes to assess the value of the property. The buyer may also have a survey or homebuyer's report carried out

Sellers: legal preparation

Conveyancing is the legal process when you're selling a property. Documents need to be checked and you'll need to agree what's included in the sale price.

Exchange, deposit and completion

Once everything's agreed, the contracts between you and the buyer must be signed and exchanged. At this stage the buyer pays a deposit

Estate agents: fees

How much you pay normally depends on the type of contract you have with the agent. Don't expect to pay for anything you didn't agree to in advance.

Selling a home: legal expenses

Fees and expenses for the legal work involved in selling a property can be expensive. They probably won't be refunded if the sale falls through

Sellers: other costs

As well as legal and estate agent fees, there may be other costs to consider if you're selling your home. You may need to put money aside to cover these.

Negative equity

Negative equity means a property is worth less than what is owed on it. There are a number of causes of negative equity and a number of things to consider.