Selling a house without an agent, also known as a For Sale By Owner (FSBO) transaction, can be a significant task. But fear not, it’s entirely achievable with a little bit of guidance and the right documents in hand. This comprehensive guide will walk you through all the essential documents you need to sell your house without an agent in the UK.
The journey to selling your home starts even before the “For Sale” sign goes up. The first document you’ll need is the Energy Performance Certificate (EPC). The EPC informs potential buyers about the energy efficiency of your property. You can obtain this from accredited energy assessors. Check out this useful guide from the government on how to get an EPC.
Next, you’ll need to provide the title deeds – the legal documents proving your ownership of the property. If you’ve misplaced these, don’t worry, a copy can be obtained from the Land Registry.
Once potential buyers start showing interest, you’ll need to complete the Property Information Form (TA6) and the Fittings and Contents Form (TA10). These forms provide important details about the property and what will be included in the sale. The Advisory has a great article on this.
If your property is leasehold, you’ll also need to complete the Leasehold Property Enquiries Form (TA7). This form gives potential buyers information about the terms of the lease, service charges, and other related details. For more on this, the Home Owners Alliance has an excellent guide.
After accepting an offer, you’ll move into the negotiation phase. This will involve a draft contract, prepared by your solicitor or conveyancer, detailing the terms of the sale.
Once the negotiation phase is complete and everyone is happy, the final step in the process is the transfer of deeds. This is usually done through a TR1 form, which legally transfers the ownership of the property to the buyer.
After you’ve navigated through the paperwork and found a willing buyer, you’ll reach the point of completion. The final document to be aware of is the completion statement, which outlines the financial details of the property transaction.
This may seem like a daunting list, but remember, selling your home without an estate agent is not only possible but also potentially rewarding. You’ll have more control over the process and save on estate agent fees. Just ensure you have the right documents ready, and with platforms like Property Deal, you have all the support you need to make the process smoother. Check out our step-by-step guide to understand more about selling your home independently.