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Steps to Selling a House

bamgbost
Posts: 482 Forumite


Hi All
So my situation is that my Father In Law has a flat in London, which he has owned for 12 yr+. He however does not reside in the UK, he lives in Africa.
He bought the flat, so his kids had accommodation for uni. Over the last 3 years he has rented the flat out. With oversight / management with an estate agent.
He has now decided that he would like to sell the flat. And has said we should help him with the leg work as best as poss. And advise him on whats required by him.
However, as I have never bought I really have no clue on what needs doing, what needs to be considered and what stage he needs to actually get over here to progress things.
My guess would be to start with an Evaluation with various estate Agents. After that I am stumped.....
Can I get some advise / tips pls..... preferably in chronological order (if poss)
Thanks in advance
So my situation is that my Father In Law has a flat in London, which he has owned for 12 yr+. He however does not reside in the UK, he lives in Africa.
He bought the flat, so his kids had accommodation for uni. Over the last 3 years he has rented the flat out. With oversight / management with an estate agent.
He has now decided that he would like to sell the flat. And has said we should help him with the leg work as best as poss. And advise him on whats required by him.
However, as I have never bought I really have no clue on what needs doing, what needs to be considered and what stage he needs to actually get over here to progress things.
My guess would be to start with an Evaluation with various estate Agents. After that I am stumped.....
Can I get some advise / tips pls..... preferably in chronological order (if poss)
Thanks in advance
365 Day 1p challenge - £371.49 / 667.95
Emergency Fund £1000 / £1000 ( will enlarge once debts are cleared)
DFW - £TBC
Emergency Fund £1000 / £1000 ( will enlarge once debts are cleared)
DFW - £TBC
0
Comments
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And estate agent and the solicitor/conveyancer will guide you through the process. Then an accountant will assist in payment of any capital gains tax.
He never physically needs to be in the UK."Real knowledge is to know the extent of one's ignorance" - Confucius0 -
http://www.which.co.uk/money/mortgages-and-property/home-movers/guides/selling-a-house/the-cost-of-selling-a-house
https://www.citizensadvice.org.uk/housing/moving-and-improving-your-home/selling-a-home/
http://www.rightmove.co.uk/resources/property-guides/selling-guide.html
https://www.amazon.co.uk/How-Your-First-Home-Sell-x/dp/0091935377/ref=sr_1_1?ie=UTF8&qid=1486065641&sr=8-1&keywords=how+to+sell++a+house0 -
Thanks for the heads up guys.
So I have managed to get a few valuations on the property and together with FIL we have decided on selling price and estate agent to manage the sale.
So with the property about to go to market. Next step is to find a solicitor / conveyancer I believe?365 Day 1p challenge - £371.49 / 667.95
Emergency Fund £1000 / £1000 ( will enlarge once debts are cleared)
DFW - £TBC0
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