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Selling your discount for sale home
A guide to selling your discount for sale home
You can sell your discount for sale home at any time; we sometimes call this a resale.
When you come to resell your home, you will need to apply the same percentage of discount you originally received. For example, if you bought 40% of the market value, you would have to sell 40% with the 60% permanent discount.
While each sale is different, here is an example of the steps involved when it comes to selling your home.
Steps to your home selling journey
Notify Home Group
When selling your property, you must advise Home Group in writing of your intention to sell.
Sales pack sent
We will send you a sales pack which includes the steps involved and the paperwork you need to begin the sale.
Get a valuation
You will need to instruct and pay for a MRICS or FRICS surveyor to value the property. Find a local surveyor to carry this out.
Get an Energy Performance Certificate (EPC)
It is a legal requirement to have a valid EPC when a property is being sold. Check if there is a valid EPC for your property.
Prepare you home for sale
Be sale-ready and show your home at its best.
Return evidence documents
Email the completed instruction to market form, valuation report and EPC to us.
Pay the pre-sale admin fee
The pre-sale administration fee of £250.00 + VAT is payable upfront before marketing can commence.
This fee is non-refundable and covers the costs of
- presale administration
- managing enquiries from potential purchasers
- application assessments
- approvals
It also includes approving the purchaser by way of application, carrying out affordability checks and liaising with estate agents and solicitors.
Identity checks
Complete the Credas digital verification check. An invitation will be sent to you by text or email.
Marketing your property
You chosen agents will then begin to market your property.
Assessment and approval of prospective buyers
Buyers will be financially assessed by The Mortgage People and approval is verified by Home Group.
Provide notification of sale to seller and buyer
Email the progress team for updates.
Conveyancing
We issue the leasehold management pack to the vendor’s solicitor and conveyance begins.
Exchange and completion
Move home
Selling your discount for sale home FAQs
What are the costs of selling my discount for sale home?
Costs can vary when selling your home. It is important you speak to your mortgage provider, independent financial advisor, and your solicitor to make sure you understand all the costs and processes involved in selling before you begin.
Can I sell my home through an estate agent?
Your lease will tell you how long we have to market your home. If we have not found a buyer at the end of this period, you can sell your home through an estate agent or privately.
How long will it take to sell my home?
This varies and can depend on lots of different factors, including the condition of your home. We find we are normally able to find a buyer within 8 to 16 weeks.
What home improvements can be included in the valuation report?
For home improvements to be included in the surveyor’s valuation report, you must have asked for and been formally granted our permission before making these improvements. You will also need to be able to evidence this.
What can I do if I don’t agree with the valuation?
If you do not agree with the surveyor’s valuation, you will have to discuss this with them directly. Remember, the price we will market your home at will be fixed and based solely on the surveyor’s valuation report.
How long does a valuation last?
Valuation reports are valid for three months from the date of the report.
What information and documents will you need from me to sell my home?
We will send you a pack with more information once you have told us you would like to sell your home.
You can expect us to ask for:
- A completed instruction to market/intention to sell form
- Your solicitor’s details - these can be provided later, once a buyer has been approved
- A valid Energy Performance Certificate (EPC)
- A valid Royal Institute of Chartered Surveyors (RICS) or Fellow of the Royal Institute of Chartered Surveyors (FRICS) valuation report
- Proof of identity
- Photos and details of your home to help us market
You can find more details on our documents required when selling a home guide.
- Homeowners home
- Make a payment
- Buying more shares in your home
- Selling your shared ownership home
- Selling back shares in your home
- Selling your discount for sale home
- Documents required when selling your home
- Leasehold retirement information
- Homeowner service charges
- Insuring your home
- Factoring
- EWS1 form
- Anti-social behaviour
- Repairs information for homeowners