YOUR GUIDE TO SELLING A SHARED OWNERSHIP PROPERTY
Looking to sell your Shared Ownership property? Our team are here to help you every step of the way.
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Selling your Shared Ownership Retirement Property: what you need to know
When you’re ready to sell your Shared Ownership retirement property our team are on hand to support you every step of the way. We’ve created this guide of everything you need to know when it comes to selling your Shared Ownership property.
Whilst much of the sales process is the same as selling a regular property, there are some differences when selling a Shared Ownership property that you need to be aware of. Our Shared Ownership team are on hand to offer advice and guidance throughout the process, helping you sell your property as smoothly as possible. You can contact our team on 01202 508202 or email OPSOTeam@mccarthyandstone.co.uk
How to sell your shared ownership property?
To begin the process of selling your Shared Ownership property you must first notify McCarthy Stone in writing that you wish to sell your share of the property. You can do this by emailing our Shared Ownership team on OPSOTeam@mccarthyandstone.co.uk
To establish the sale price you will require a RICS (Royal Institute of Chartered Surveyors) valuation* of the property. Our Shared Ownership team will be able to organise this for you using our panel of approved RICS surveyors who are experienced in valuing retirement properties.
The valuation will tell you how much the share you hold in the property is worth. For example, if you own 75% of a property valued at £100,000, the value of your share will be £75,000.
As per the terms of your lease, McCarthy Stone has the right to a 4 week nomination period to market your share of the property and find a new buyer. If a suitable buyer has not been found within this time, or if they choose not to take up this right, then you can advertise your share through an estate agent.
We highly recommend using our Resales team who are specially trained in selling Shared Ownership retirement properties and can support you and your prospective buyer throughout the process.
the benefits of selling with mccarthy stone resales
By selling your property via McCarthy Stone Resales not only will you have access to our dedicated and experienced team to support you through the process, you will also have access to a range of marketing activities designed specifically to our age exclusive audience. This includes:
- Professional particulars created for your property using professional photos, floor plan and EPC certificate* (where required)
- Your property marketed to our database of eligible buyers
- Viewings conducted by the House or Estates Manager
- Marketing on all leading property portals including; Rightmove, On The Market, Zoopla & Share to Buy
- Advertising on specialist retirement websites including; Autumna, Lottie and the EAC (housingcare.org)erty portals including; Rightmove, On The Market, Zoopla & Share to Buy
- Ensuring your prospective buyer meets the eligibility criteria for Shared Ownership
- Buyers can also benefit from our unique services including; Free Entitlements Advice, Part Exchange, Removals and Converyancing services
Download our Shared Ownership Sellers Guide
*Additional charge applies.
