If you are enquiring about selling your Aster Shared Ownership property it would be good for us to understand the reasons why? We should be able help you with your next move. Here are a few things you may want to know.
In accordance with your lease, the nomination period is 8 weeks and our resale fee payable on completion is 1.5% plus VAT. We have produced a 5 step process to selling your home through us, you can find this by clicking here or using the navigation menu above. We work in partnership with Move With Us who support us in making the sale of your home as easy as possible.
After having a look at the content on our website and then deciding that you want to proceed further, please can you complete the ‘Intention To Sell’ form by clicking here or using the navigation menu above. From there, we can then start the process of selling your home.
If you have any questions at all, please don’t hesitate to get in touch at any point.
We work with our partners “Move With Us” who will arrange a market appraisal on your behalf. When you’re ready to proceed with your sale, simply click here and complete the Intention To Sell form. We will instruct Move With Us to contact you directly to arrange everything once we have this back.
Once the share price has been confirmed and you decide to proceed, Move with Us will provide us with all the information required to market your property throughout the nomination period.
Once instructed, Move With Us will arrange the following:
Once we’ve received a notice of intention to sell form from Move With Us, as well as the EPC, we’ll begin to market your property.
Once the reservation fee and solicitors details are received, we’ll send sales instructions to yours and your buyers solicitor.
If we haven’t found a buyer within the nomination period, MWU are happy to proceed with the sale and will become your main point of contact. They will instruct two local estate agents to find you a buyer. It is possible to sell 100% of your home at this stage, in most cases.
1.5% plus VAT (selling outside of the nomination period)
£400 plus VAT
You will also have the following choices:
Continue marketing with Aster
1.5% plus VAT
Market with a local Estate Agent
Refer to chosen Agent
£400 plus VAT
Keep surfaces clean and clear of appliances, jars, etc. Put things you don’t really use in the attic or in storage. This will make rooms feel bigger.
A fresh coat of neutral paint and a “spring clean” throughout will do wonders to smarten up a tired looking home.
Time spent making the your home sparkle will be time well spent; Pay special attention to the kitchen and bathrooms, which need to be inviting and hygienic.
You’ll want the house to appeal to as many people as possible. Don’t smoke or cook before viewings and turn the lights and heating on. If you’ve got parking, leave space free for the buyer.
Guide viewers around the property first. Showing the best rooms first or last. Highlight the positive points, like a south-facing garden or convenient parking. Then invite viewers to take another tour round the property on their own, but be on hand to answer queries.
This is the length of time that Aster Group exclusively have to nominate a buyer for your property and is usually around 8 weeks. This information can be found in your lease, but will be confirmed by us once we have your Intention to Sell info complete.
The 1.5% (plus VAT) selling fee is only payable if Aster finds a purchaser, and covers the costs of marketing your property. The fee also covers the costs of the following:
The terms within your shared ownership lease state that a valuation must be carried out by a RIC’s qualified surveyor and that the property cannot be sold for more than the value of this survey. In most cases we will be able to use your buyers mortgage valuation, but if this is not possible for any reason you will need to arrange this.
It is a legal requirement that you have a valid EPC before your home is marketed for sale. They are valid for 10 years and if you received an EPC when you bought your home it could still be valid.
If we are unable to find a buyer within the nomination period, in most cases you will then be able to market the full 100% on the open market. Aster will receive their share of the sale price of the property on completion of the sale. Please note that higher legal costs may apply and there could be a stamp duty liability. Please seek advice from you solicitor.
Before looking for a new property your current property should be under offer to avoid disappointment. Aster will make every attempt to sell your share as soon as possible however we cannot confirm the time it will take to nominate a buyer.
From £65 (plus VAT), payable up front to MWU on completion
£210 - 270 (plus VAT), payable up front to MWU
Obtain quotes/fixed fee before instruction your solicitor
Usually 1.5% (plus VAT) of your share of the property (if sold by Aster)
£400 (plus VAT), if sold by MWU or external agent