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Step by step
Guide to Selling
your home
What to expect if you decide to sell your Shared Ownership home
Before you start
Before you tell us you’re ready to start, check your lease length and read the latest EWS1 requirements relating to fire safety. If you don’t do these things, you may encounter problems later on.
What you need to do
Here are the steps that you will need to take to sell your Shared Ownership home.
Step 1 - Tell us you are ready to sell
Sign in or create a SO Resi account and follow the instructions in the 'Selling my home' section. A dedicated resales consultant will then be assigned to manage your sale.
Step 2 - Get your home valued
You need a written valuation report from an independent RICS surveyor. RICS is the Royal Institute of Chartered Surveyors. You appoint and pay them directly.
Step 3 - Upload your documents
Upload copies of your valuation report, EPC, photo ID and proof of address to your SO Resi account. We'll get your lease document for you and can arrange a new EPC if yours is more than ten years old (fees may apply).
Get a head start - You can start uploading documents straight after Step 1!
Step 4 - Tell us you want to go ahead
Once we have all your documents, you will sign our Instruction to Sell form, to confirm that you wish to go ahead with the sale.
Step 5 - Set up viewing slots
Viewing slots are managed in your SO Resi account. You can host viewings yourself or use our viewing partner, Viewber - it's up to you. A great idea is to set up several 15 minute slots on the same day – particularly weekends or evenings – so we can arrange open days.
Step 6 - Track your sale
Keep updated with buyer enquiries, viewings and feedback in your SO Resi account.
Step 7 - Instruct a solicitor
You can do this at any stage – at the latest, once a buyer is found. You need a solicitor with experience of Shared Ownership leases and conveyancing.
Step 8 - Your home is sold!
Once a buyer is found who meets all the financial and eligibility checks, one of our dedicated progression consultants will take over to help get your sale to completion.
What SO Resi will do
Here are the steps that SO Resi will take to sell your Shared Ownership home.
Step 1 - Get to know you
Your SO Resi resales consultant will to introduce themselves and to answer any questions you have.
Step 2 - Professional photos and floorplans
We organise a suitable time for our partner, NicheCom to professionally photograph your home, create a floor plan – and a new EPC if you need one.
Step 3 - Market your home
We create your property listing and publish it on the largest Shared Ownership property websites, as well as Zoopla and Rightmove. All you need to do is check and approve your listing in your SO Resi account before it goes live.
Step 4 - Find you a buyer
As well as marketing your home, we financially assess buyers before they view it. If a potential buyer wants to go ahead, we check their application to make sure they are eligible.
Step 5 - Support the conveyancing
Once an approved buyer is found, solicitors are appointed to work towards completion. Your SO Resi resales progression consultant works with everyone involved to help smooth the legal process.
What if SO Resi can't sell your home?
We will market your home for the whole nomination period in your lease – usually four or eight weeks - or for the agreed sales and marketing period. Most homes sell in this time. If not, you can:
- Keep using SO Resi to market your property
- Instruct SO Resi’s partner estate agent, Leaders Romans Group (LRG). In addition to marketing the home to potential shared owners, they are also able to sell the property to someone looking to buy 100% of the property. We won’t need to check the buyer meets Shared Ownership conditions if they buy 100% of the property.
- Choose an estate agent to sell your property.
Please note that if an agent other than SO Resi sells your share, you will need to pay the agent’s fees, an administration fee to the property manager and any other costs associated with your sale.
Start now
If you’ve read this guide and are happy with the process, let’s get started! You'll need a SO Resi account to access the Selling your home section.