If you’re thinking about moving home, here’s some things you need to know about selling your shared ownership home:
The first step is to get a valuation to see how much your home is worth. We instruct the valuer on your behalf, as set out in the lease. The valuation needs to be carried out by a RICS (Royal Institution of Chartered Surveyors) valuer, so we get an accurate open market value of your home, and you get the true price of your equity share.
As part of your lease, we’ve the right to find a buyer for your share who needs affordable housing. We have a period of time to do this, known as the ‘nomination period, which is either 4 or 8 weeks depending on your lease. Our Sales Agents have a record of potential buyers and will promote your home on different home selling websites. If a buyer isn’t found within the nomination period, you can sell your home yourself on the open market.