Home Sellers: Your Preparation For The Sale Of Your Property Should Start Before A Buyer Is Found
Most people think selling a home starts when the photographs are taken, the property appears on the portals and buyers begin booking viewings. That is when the marketing starts. The transaction should already be under way.
One of the biggest weaknesses in the traditional process is that sellers often appoint an estate agent first, find a buyer and only then instruct a solicitor. By that point the pressure is on. The buyer is waiting, a chain may be forming and documents, property information and potential legal issues that could have been dealt with weeks earlier suddenly become urgent. We believe the solicitor should come on board at the beginning, alongside the estate agent.
Start with the team, not just the listing
When a seller creates their WiggyWam Seller's Pack, their estate agent and solicitor can already be connected through the Moving Hub. That changes the starting point.
Instead of the seller completing forms alone and hoping everything is correct, the relevant professionals can see where preparation stands and identify matters that may need attention before a buyer is waiting.
The estate agent can focus on preparing and marketing the property accurately. The solicitor can identify issues that require legal expertise. The seller knows from the outset who is helping them and where to turn when they are unsure.
It does not mean conducting the entire conveyancing transaction before a buyer exists. It means doing the work that can be done while time is still on the seller's side.
Sellers should not have to guess
Property forms can be intimidating. Sellers are asked questions about boundaries, alterations, rights, services, guarantees and matters they may never have considered before. WiggyWam's Smart Forms therefore include an assistant that can explain questions through voice or text and in the seller's preferred language. If they still do not know the answer, they simply select Not sure. So rather than uncertainty being hidden inside a completed form, those questions can be presented to the seller's agent and solicitor through their dashboards so the right professional can help resolve them.
Find the problems before the buyer does
The same principle applies to documents and property information. Certificates, guarantees, planning documents, leasehold information and paperwork relating to alterations can be gathered into the Seller's Pack before somebody is waiting for them.
It is also a good idea to order searches at the start which sellers can do via WiggyWam when creating their sellers pack. This is provided by specialist independent search providers who combine digital information with local expertise and established relationships with local authorities. Sellers can also use their own provider if preferred.
The important point is not simply that more information exists. It is that the seller's solicitor is already there to help identify what matters. A missing document discovered before marketing is an inconvenience. The same missing document discovered months into a chain can threaten the move.
Better preparation creates better-informed buyers
Early preparation also improves the property listing. The property information, supporting documents and relevant search information gathered through the Seller's Pack can help the estate agent produce the Material Information required for compliant marketing, giving prospective buyers a clearer picture before they make an offer.
Some sellers and agents worry that providing too much information upfront could put buyers off. But that is looking at the wrong end of the transaction. If a buyer is going to walk away because of something about the property, it is usually better for everyone if they do so before an offer is accepted, before a chain forms and before thousands of pounds and weeks of work have been committed. Hiding or delaying information does not remove the issue. It simply moves the point at which the buyer discovers it.
A buyer who is put off by a lease restriction, flood risk, boundary issue, planned works or another material fact at the beginning may well have withdrawn later anyway. The difference is that, later, the seller may have lost weeks or months and could be forced to start again.
Upfront information also gives the seller an advantage. If something emerges that could concern buyers, the seller has time to understand it and, where possible, deal with it before marketing. If it cannot be changed, they can discuss it with their agent and solicitor, price the property realistically and be prepared for any negotiation that may follow. That is far stronger than discovering the issue for the first time when a buyer's solicitor raises it deep into the transaction.
The objective should not simply be to attract the greatest number of buyers. It should be to attract serious, informed buyers who understand what they are offering on. A smaller number of properly informed buyers can be far more valuable than a larger number who only discover the reality of the property after Sold Subject to Contract. Upfront information does not create problems. It exposes them early enough to manage them.
The preparation becomes the transaction
When a buyer is found, the seller does not start again. The Seller's Pack is already connected to the Moving Hub. The agent and seller's solicitor are already involved. The property information and documents already gathered remain around the move.
As the transaction progresses, authorised participants can follow appropriate tasks and milestones and communicate around the same transaction. The solicitor keeps confidential legal advice within their own professional systems. The broker keeps private financial information within theirs. WiggyWam does not need to own those files or those relationships. Its job is to keep the people and progress connected.
Selling should begin with preparation
WiggyWam cannot remove every risk from moving home. A buyer can change their mind. A lender can decline a mortgage. A survey or legal investigation may uncover a genuine problem. But sellers should not lose months because something that could have been addressed at the beginning was not discovered until the end.
The agent should not be preparing the marketing while the solicitor waits somewhere further down the road to be instructed. Bring them both in from the start. The seller should complete the forms, order their searches, upload all relevant documents, highlight and then deal with any questions they are unsure of alongside the professionals. Then, when the buyer arrives, everyone is not scrambling to begin. The transaction has already started.
This Is Your Signal
Some people look at the way things work and accept it. Others look at the same problems and quietly think, there has to be a better way. WiggyWam is being built for the second group - the people, professionals, businesses and communities who believe better connection, clearer communication and smarter ways of working are not just possible, but overdue. Register your interest, tell us what you think, and find out where you fit in:
When you subscribe to the blog, we will send you an e-mail when there are new updates on the site so you wouldn't miss them.
Comments