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How does a house sale work???

I am going to be selling my house soon (UK) to clear my debts and pay off the mortgage for the first time ever. How does a house sale work. Is everything handled by the solicitors? Help, I am very confused and anxious.

Public Comments

1. Get a good real estate agent to represent you. He or she will look out for your best interest. Interview and find one that understands your goals and what you want to accomplish.
2. yes thats what u pay them for-they will sell the house pay the mortgage off and give u whats left in a cheque
3. Use a good estate agent who will show people round on your behalf and can advise on the true value of the property. After that your solicitor will handle everything. The systems are a bit different depending on where you are in the UK but your solicitor will keep you right. Ask what the fees are before you instruct the solicitor and estae agent though.
4. Firstly;- Do you know the value of your property in todays market? If not get 3 valuations from local agents and take the average. Secondly;-Are you in an area where homes are flying off the shelves? If they are,think about advertising it yourself(local paper etc) you will save up to 2% of the selling price plus vat @17.5%. Thirdly;- Contact your solicitor(maybe the one that dealt with your purchase) and ask for a quote to act for you in your sale. If you do not want the trouble of doing your own advertising,then pick one of the estate agents that gave you the valuation and negotiate a rate for selling.I got mine down to 1% plus vat which in my opinion is enough anyway!! Good luck.
5. You need a good estate agent & a solicator will deal with all the paper work.Have you been to citizens advice they may be able to give you the name of an estate agent & put you in touch with one of there solicitors.Good Luck PS/ Selling a house is the same has buying one so relax & remember there is plenty of people wanting to buy.