Selling your Shared Ownership home
Thinking of selling your home? Our specialist team will support you every step of the way as you look to sell your Shared Ownership property.
Step 1 – let us know that you’d like to sell
Get in touch with our team via sales@ovh.org.uk to let us know that you are interested in selling your Shared Ownership home.
You’ll need to complete an Intention to Sell Form, before moving on to Step 2.
Step 2 – get your home valued
You will need a valuation report from an independent Royal Institute of Charted Surveyors (RICS, FRICS or MRICS) qualified surveyor to determine the current market value of your home.
The valuation must be for the full value of your home, and from that, we’ll work out the value of your share. For example, if you own 50% of your home and the valuation is £150,000, then the value of your share will be £75,000.
If you are struggling to find a RICS qualified surveyor in your area, please get in touch with us and we will do out best to help.
Step 3 – market your home
Option 1
You can instruct our in-house Shared Ownership specialists, who know how to market and sell your home. We will already have background knowledge of your property and development and a live database of buyers.
Please check with our Sales Team for our current competitive sales fees, email sales@ovh.org.uk. Packages include;
- Marketing to a live database of potential buyers, who are looking specifically for Shared Ownership properties
- Listings on One Vision Housing’s website, and Help to Buy North West
- Professional sales details, including photography and floorplans
- Advice and guidance from qualified staff, who are members of the National Association of Estate Agents (NAEA)
- Accompanied property viewings, if required
- A Legal Pack worth £180.00
The fees we obtain are reinvested to create thriving, inclusive communities as we strive to create opportunities and change lives across the North West.
Option 2
You can instruct your preferred Estate Agent, who may not be experienced in the Shared Ownership field. We will forward them a copy of our Shared Ownership guide and work with them to approve your buyer.
In addition to their fees, you will also be required to pay One Vision Housing £180 for your Legal Pack.
Step 4 – instruct your solicitor
You’ll need to appoint your own solicitor to act on your behalf for the sale of your home. Your estate agent (or One Vision Housing, if we’ve found a buyer) will issue a memorandum of sale to solicitors, which will explain what the property is being sold for, the percentage share, rent etc. This will also give expectations around when the sale should occur by.
Step 5 – moving on
Your solicitor will keep you updated on the sale progress, the fees they require and agree the sale completion date.
Prior to any move, you’ll need to be up to date with rent and service charge payments.
For further information, our team are also on hand to offer advice and guidance, so please get in touch if you have any queries.