Guide To Selling a New Build

1. Contact the Developer:
Inform the developer of your intention to sell.
Check if there are any restrictions or requirements related to selling the property.

2. Legal Representation:
Instruct a solicitor or licensed conveyancer experienced in new build transactions.
Provide them with all relevant documentation, including the original purchase agreement and warranties.

3. Property Valuation:
Get a professional property valuation to determine a competitive selling price.
Consider any upgrades or improvements made since the original purchase.

4. Preparation for Sale:
Ensure the property is well-maintained and address any outstanding issues identified in the snagging survey.
Gather all relevant documentation, including warranties and guarantees.

5. Choose an Estate Agent:
Select an estate agent with experience in selling new builds.
Discuss fees, marketing strategies, and their understanding of the unique aspects of selling a new build.

6. Marketing Your Property:
Work with your estate agent to market the property effectively.
Highlight any unique features, warranties, and benefits of buying a new build.

7. Accepting an Offer:
Consider offers from potential buyers.
Once you accept an offer, your solicitor will draft the memorandum of sale.

8. Legal Pack and Contract Review:
Your solicitor will provide the buyer’s solicitor with the legal pack.
This includes details about the property, development, and any applicable warranties.

9. Exchange of Contracts:
Your solicitor will exchange contracts with the buyer’s solicitor.
At this stage, the sale becomes legally binding.

10. Completion:
Agree on a completion date with the buyer.
On completion, the buyer will transfer funds, and you’ll hand over the keys.

11. Post-Sale Tasks:
Cancel utility services in your name.
Provide the buyer with all relevant documentation, including warranties and guarantees.