Selling your home was recently billed, “the most stressful event in someone’s life”. A survey revealed that the levels of stress experienced during the sales process came above having a baby, starting a new job or going through a divorce. This is largely due to the length of time it takes to secure a sale, on top of the time dedicated to saving money.
A home is the most expensive purchase that most people will make, so it’s understandable that it comes with a huge element of caution.
“Selling a home takes 2-3 months” ...or does it?
Guidelines tell us that home sales can take up to 2-3 months and sometimes even longer if you’re part of a chain of buyers or sellers…
This is true in many cases, but you can save weeks of your time, thousands of pounds, and stress by managing the sales process yourself.
So where do we begin?
Going by industry standards – you’ll often be signed up to a 12 or 16 week contract and in some cases, your agent may sign you up to 26 weeks; these come in two standard forms. Firstly, a sole agency agreement, meaning that the agent will get paid within the time constraints of the agreement. If on the other hand, another agent sells it, then there is a sole selling rights contract, which – ultimately means that if the property is sold, irrespective of who by, or too, you still pay the agent, within the constraints of rights, so you could sell to your brother, mother, sister or father and find yourself still paying the fees…
From the day you list your property, up until you accept an offer, there is constant communication between buyer, agent and seller. However, when you choose to manage the process yourself, it saves you time. The UcaDO app puts you in control by connecting you directly with your buyer.
Listing property for sale
Finding a buyer is made easier when properties are seen by as many people as possible through an agent, publications or online portals. Listing your property on the UcaDO app is absolutely free. We use the latest technology which makes listing a property super easy and it takes under 3 minutes.
Having great shots of a property will help secure viewings. On the UcaDO app, users can check the day and night feature to see your property at its best. If you want to get professional shots taken you can find the best photographers in your area on the app.
Receiving offers from potential buyers
When you are successful in attracting firm interest from a buyer then they will put forward an offer. With UcaDO you can receive offers from the potential buyer directly through the app, as well as answer any questions they might have after the viewing – this will help secure your sale!
Usually, offers will be lower than your asking price although occasionally buyers keen to secure a property or who are fearful of other buyers beating them to it, will offer the full asking price. The UcaDO app allows buyers to ‘like’ and ‘love’ properties, so if the likes are high on your property then your buyer is more likely to make a move or raise their offer.
Drawing up a legal contract to transfer ownership
An offer isn’t legally binding (although Scotland have different laws) until contracts are exchanged so this is a crucial point in the process! You can find the best lawyers in your area on the UcaDO app who will draw up your contract for you.
Depending on the amount given for a property, the buyer may have to pay Stamp Duty Land Tax.
So, you can see that the traditional way of buying and selling is changing… now it’s about taking control of your own sale in order to save time and money. UcaDO provides a place to make that happen. Arranging viewings, receiving offers and making that final sale, can all be done instantly through the UcaDO app. From start to finish – it’s just you, and the buyer/s.