Selling your Shared Ownership Home FAQs
Here we’ve answered some of the questions people ask us when they are selling their So Resi homes. If you have a different question or would just like to talk things through, we’re here to help.
Your lease says that we have three months to find a buyer for your home. If we can’t do this, you can sell your home on the open market, through an estate agent.
It’s a good idea to wait until your own home is under offer before looking for a new one – we don’t want you to be disappointed.
Your lease says that you can only sell your share for the value set by a RICS surveyor. If you want to sell it for more, you will need a valuation report from a RICS surveyor to confirm the higher amount. If we don’t find a buyer in three months you can sell on the open market for any amount, as long as you pay Thames Valley Housing the RICS valuation of our share.
If your lease is below 80 years it may affect your chances of selling. To find out whether you can extend it, call your property manager on 0300 456 2929.
It gives buyers an easy way to see how energy efficient your home is, how it can be improved and how much money this could save. It is a legal requirement to have a valid EPC before selling your home. They are valid for 10 years so if you received one when you bought your home, it could still be valid.
You need to give the RICS surveyor evidence of these when they value your home. They will include the information in their report because we make allowances in the valuation for some improvements. The So Resi Sales team can give you further details on what improvements are taken into consideration.