In order to instruct your agent to market your property, you will need to provide some basic information to get the ball rolling. Your signature: Confirm the pricing and the service that the agent will provide you and then you will need to sign their terms of business. It is important to read them thoroughly and understand what you are contractually committing to. Confirm your identity: Your agent...
March 2024
It’s not necessary to use an agent to sell your property, you can do it privately, although most sellers choose to in order to ensure they attract the best range of potential buyers. Choosing an agent can be difficult as there are many different types operating in the Uganda. They range from agencies who offer a listings-only service and promote the property online through portals like Hadsul,...
There are multiple Hadsul tools which can give you a good indication of the potential value of your home both now, and in the future. You can: Find out the estimated value of your home One of the first things you can do is get an estimated value of your home. Enter your postcode to get an Instant Valuation. You‘ll be able to see if your home’s value has changed, and how much properties...
Within the property market, there is much written about when the best time to buy and sell a house is. Just like trading other investments you can try to play the market to your advantage and this certainly applies with investment buyers, but when it comes to selling a home, it is often more about the right time for you rather than trying to judge the wider market. There are, however, peaks and troughs...
Most people choose to sell their property through private treaty, which often involves using an agent to help, but can be done privately. Other less common methods involve part-exchange or auction. Private Treaty The typical way to sell a property is by private treaty on the open market. The property will be advertised with an asking price and the buyer will submit an offer for you to consider if...
Your conveyancer or solicitor will have agreed to a completion date with the seller and their solicitor, named as such because it’s when the purchase is completed. Day of completion is when all the money officially changes hands, and you are able to pick up the keys to your new place. Once the lender receives a Certificate of Title from your solicitor, they’ll release the money to them. The...
In Uganda, the Exchange of Contracts is the last stage of the legal process after which you cannot pull out (without losing your deposit and any legal costs you may have incurred). What happens when contracts are exchanged? Once all the searches are complete and you’re ready to proceed with the purchase, you’ll be asked to pay a deposit which usually 10% (but sometimes 5%) of the property value...
When it comes to buying a property, it’s not just the mortgage you need to worry about. The following costs usually need to be paid before you can think “home, sweet home!” Mortgage costs and fees Once you’ve had your offer accepted, and if you are buying with a mortgage, there will be a number of fees that you may need to pay in order to progress with your application. Conveyancing...
Quite simply, conveyancing is the process that happens between you putting in an offer on a property and completing, in order for you to become the new legal owner of the property. It is the transferring of a property’s legal title from the old owner to the new owner. What does a conveyancer do? A conveyancer, or conveyancing solicitor, will look after all elements of conveyancing for you. They...
What is shared ownership? Shared ownership is a scheme offered by some housing providers that allows you to buy a share of a property, and then pay rent on the remaining part. It can be a more affordable route – compared to buying a home outright – for first time buyers, or those that don’t currently own a home, to get onto the property ladder. What type of property can I buy...