Selling my home

Before you start it is a good idea to understand how much your home is worth and any costs. You can estimate the value of your home by looking on property websites for similar homes or by talking to an estate agent.

To sell your home you need to appoint a solicitor to act on your behalf. Co-Ownership does not instruct its own solicitors for any of this work. You will be responsible for your own costs and expenses involved in selling your home.

Before you request your valuation it’s important to understand the difference between repairs and maintenance, and home improvements.

Improvements are anything that adds value to your home. If you have made home improvements, please tell us about them when you request your valuation, and we will take these into account. Only you will benefit from the value of the improvements you have made to your home.

Within your agreement with Co-Ownership, the maintenance of your home is your responsibility. Repairs and maintenance include items that need updating within your home due to general wear and tear. These don’t typically increase your home’s value, so you don’t need to include these.

To help explain this further a full list of the categories for improvements, repairs and maintenance can be found here.

Once you know your budget it’s time to appoint an agent and put your house on the market. To get the most accurate valuation of your property it is best to have the Co-Ownership valuation carried out once your home is sale agreed, as that is the truest test of the market value for your home.

Once your house is sale agreed, complete a valuation request on your online account. The valuation costs £70.

Remember, valuations are valid for 12 weeks so it’s important that you complete your sale within this time.

A RICS registered valuer will visit your home and inspect it externally and internally. They will also consider other houses in your area for comparison. We’ll inform you of the valuation, and how much it will cost to buy more, normally within two weeks.

The amount you will need to repay will normally be based on either; the sale agreed price or the market value as established by our external valuer, whatever is higher. The value of improvements you have made to your home will be included and you will benefit from them. This will all be explained to you when your valuation is returned.

You should let your solicitor, mortgage adviser and/or lender know the outcome of your valuation to help them progress your finance.

For you to complete the sale, the buy out needs to be completed and the funds with Co-Ownership within 12 weeks of the valuation. If something goes wrong and you are going to miss this deadline, please get in touch with us as we may need to carry out a second valuation.