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Sell quicker with SHARED OWNERSHIP MOVES

 

You can sell your Shared Ownership home at any time if: 

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  • You own 100% of your home, you can usually sell it on the open market. For example through SO Moves estate agency

  • You have not yet staircased to owning 100% of your home. Remember you'll need to inform your housing provider/landlord when you want to sell your home, as there is usually an obligatory period of 4, 6, 8 or 12 weeks during which the property will need to be first offered back to the Housing Association. Called nomination period, this allows the property to go back into the Shared Ownership pool, so there are opportunities for other new SO homeowners to get on the property ladder.

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You cannot sell your home on the open market if it has a 'designated protected area - mandatory buyback' lease. In this situation, the provider/landlord will either buy the home or arrange for someone else to buy it. Check the 'key information document' for your Shared Ownership home if you're not sure what type of lease it has. We're happy to look over your lease and advise you if you wish, just get in touch with us to discuss.  Selling@SOMoves.co.uk

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What happens when you tell your housing provider/landlord you want to sell:

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When you give the landlord notice that you want to sell your home, the landlord has a ‘nomination period’. This means the landlord has to enforce a period of time (4, 6, 8 or 12 weeks, depending on the lease) to find a buyer for your home.

 

  • The landlord will usually advertise your home on their own website, whilst you are also marketing your home 

  • The landlord may offer to buy back your share, but only in exceptional circumstances and if they have the funds available

  • Here at SO Moves  estate agency we're experienced in finding buyers, both during and after the nomination period. We'll liaise with all parties, finding you an approved buyer that will also be acceptable to your Housing Association/Landlord


Remember the share sale price cannot be higher than the current market value of your home share. This will usually be based on a property valuation, conducted  by a surveyor who is registered with the Royal Institution of Chartered Surveyors (RICS).

SO Shared Ownership Moves

Here at Shared Ownership Moves, we're devoted to helping all of our clients navigate the process of Buying or Selling their own Shared Ownership home. Now you can do it

the easy way at SO Moves..

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Sell quicker with SHARED OWNERSHIP MOVES

 

​​​​​​Getting a Valuation

 

You must get a valuation from a surveyor who is registered with the Royal Institution of Chartered Surveyors (RICS). The sale price of your home will then be based on this RICS valuation.

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  • You'll need to arrange for the RICS valuation. Speak to SO Moves about recommending a qualified valuer in your area

  • You'll also need to pay for the cost of the valuation from your own funds

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Selling Costs: 

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  • Solicitor fees. you'll need to pay your own solicitor fees and, sometimes your housing provider/landlord's solicitor fees. You can find this out from your Housing Association or Landlord 

  • Your Housing association or Landlord may charge you a fee when you sell your home. You can find out this cost from your Housing Association or Landlord 

  • You'll need to pay for an energy performance certificate (EPC) if you do not already have a valid one. These are usually valid for 10 years, so if your house is less than 10 years old you may already have a valid EPC certificate

  • The SO Moves fee is 1.5%  plus vat, of the % share you are selling. This fee includes photography, for sale board, property brochure, applicant assessment, accompanied viewings, and listings across major property portals​​​​​

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