Preparing to Sell a Property is not daunting but it does require a lot of work. If you use an Estate Agent they are going to ask you to do this anyway and you will still have to pay their fee and await your turn to be updated.
What follows below is mainly the questions contained in the TA6 and TA10 documents we refer to later – relax it’s not difficult
What is “Material Information” in property listings?
Material information is essential details that the average buyer needs to make an informed decision to view a property. It includes both positive and negative information, such as asking price/rent, deposits or tenure, council tax banding, physical characteristics, utility information, parking, building safety issues, restrictions, flooding or coastal erosion risks, planning permissions, accessibility adaptations, and mining issues.
What are the Material Information that Sellers need to provide?
The material information you should collate when Preparing to Sell a Property is outlined below.
- Title Deed to the property
- Lease or leases
- Council Tax bill/ Domestic Rates bill (NI)
- Details of your utilities: Electric, Gas, Water, Broadband, Sewerage
- Details of and issues with mobile coverage
- Parking availability
- Mortgage or insurance availability
- Whether the property has flooded in the last five years
- Details if your property is at risk of coastal erosion
- Details of building safety issues
- Details of previous flood events
- Mining information
- Planning permissions which could affect your property
If you own a listed building and have undertaking building works then you also need “listed building consent”. Most local authorities will give this as it should have been done at the time of the building application - Property accessibility adaptations
These are the material information fields that you as a Vendor should when Preparing to Sell a Property as you will need to provide this to property agents to ensure transparency and informed decision-making for potential buyers.
You should also prepare the TA6 and TA10
TA6 Property information form (5th edition) (2024)
This form is for the seller to give the prospective buyer detailed information about the property.
TA10 Fittings and contents form (3rd edition) (2013)
For the seller to identify what’s included in and excluded from the sale price. You’re likely to need a TA10 for every purchase.
You can read more about these here https://www.lawsociety.org.uk/topics/property/transaction-forms , we suggest you obtain the forms from your conveyancer for example https://Threemo.co.uk
It may seem a little daunting however YOU WILL END UP COMPLETING THESE TWO DOCUMENTS EITHER WAY