Property Seller FAQs

Answers to the most common questions from property sellers.

Common Questions

Frequently Asked Questions

Everything you need to know about selling your property with Livco.

Do I have to pay Capital Gains Tax?

You may need to pay capital gains tax if you make a profit when selling. In most cases, this only applies if the property is not your main home.

Can I sell a property with a short lease?

Yes, but the sale price may be below market value depending on the likely cost of a new lease. It’s always advisable to check with the freeholder how much extending the lease will cost. Depending on the lease length, you may only be able to sell to cash buyers. Alternatively, you can extend the lease through the conveyancing process and offer a new lease on completion, which satisfies most lenders.

My building doesn’t have an EWS1 form. Can I sell?

Yes, but it depends on the building. Buyers and lenders will want to know whether any required works are fully funded at no cost to the leaseholder and whether there is a timeline for a compliant EWS1 form. You should also check if your original developer has signed a remediation contract protecting leaseholders against costs. Keep in mind, this protection depends on whether you are a qualifying leaseholder.

What is a qualifying leaseholder?

A qualifying leaseholder is typically someone who meets certain criteria under building safety or lease regulations that allow them protection from costs relating to building remediation works. This usually includes having a long enough lease and being the legal owner of the property at the relevant time.

Should I find a property before I go to market?

We usually advise listing your property before searching for your next home. If you fall in love with a property but haven’t listed yours, your offer may not be seriously considered. Marketing first also gives you a realistic timeline for moving and allows buyers to plan, while giving you time to find the right property without pressure.

When is the best time to sell?

There isn’t a one-size-fits-all answer. The market can be seasonal, with activity often picking up in the New Year and summer months. However, it is also influenced by wider economic factors such as interest rates, stamp duty changes, and government announcements.

How much is my property worth?

We’d be happy to provide a valuation – get in touch and we can give you a clear idea of your property’s current market value.

How long does it usually take to sell a property?

Most interest tends to occur within the first two weeks if the pricing, marketing, and messaging are correct. Offers typically follow within 2–4 weeks, although this can vary depending on the type of property, price bracket, and current market demand. We can advise you based on your specific circumstances.

Do I need to make repairs before selling?

Urgent issues such as leaks, structural problems, or anything that could deter buyers should always be addressed. Cosmetic refurbishments rarely guarantee a financial return, as buyers usually want to personalise their own homes and can often tell if a property has been “done up” cheaply to sell.

How will my property be marketed?

We market all our properties across the main portals including Rightmove and Zoopla. Additionally, we promote properties on our own website, social media channels, and in our office window display to maximise visibility. We also market directly to our database and communicate with all buyers whose criteria match your home, ensuring interested and qualified buyers are aware of your property as soon as it comes to market.

What fees are involved when selling?

The main costs are estate agency fees and solicitor fees. If your property is leasehold, you will also likely need to pay for a management pack. We can provide a full breakdown of fees so you know exactly what to budget for.

Can I sell a property with a mortgage?

Yes – the outstanding balance is settled on completion, provided you are not in negative equity. Check your mortgage terms, though, as fixed-rate periods may incur early redemption fees.

Should I accept the first offer I receive?

This depends on the offer and circumstances. We provide professional advice to help you decide whether to accept, negotiate, or wait for a potentially better offer.

How do I prepare my home for viewings?

We recommend decluttering, keeping spaces airy and well-presented, and making sure the property is clean. Small touches like opening curtains and ensuring natural light can make a big difference.

Can I sell a property that is tenanted?

Yes – you can sell to a buy-to-let investor willing to take over the tenancy. If the tenancy is coming to an end within a reasonable period (usually 4–6 months), you may also be able to market to owner-occupiers, which can often generate higher interest and offers.

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