A Durham Estate Agent’s Guide To Property Jargon for Buyers and Sellers

Whether you’re a buyer looking for a home in or around the Durham area, or you’re ready to sell your home, the property market can be intimidating, especially when it comes to the technical language that’s involved.

Our locally-based Durham team have created handy guides to break down common property jargon terms that can help make the buying and selling process smoother and stress-free.

Property Valuation

When you are looking to sell your property, a surveyor will carry out a valuation on your property. They will measure the value of your property based on a number of factors such as: location, condition, room layout, and prices of similar properties in the area. They will also take photos and produce a valuation report.

Take advantage of our Free Property Valuation Service at Elvet Estates. All you need is your postcode to get started. 

Conveyancing

Conveyancing relates to the legal processes that are required to move ownership of a property from one person to another. This process begins once you’ve put your house on the market or when you are about to make or accept an offer. 

This part of the process can seem dull and time-consuming, but our expert Elvet team have put together this step-by-step guide to the conveyancing process and some helpful tips to keep things simple and straightforward.

Our main tip is to use an in-house conveyancing team. Here at Elvet Estates, we have an excellent working relationship with Durham conveyancers, which saves you a substantial amount of time when it comes to completing the sale of your house.

Download our Elvet Conveyancing Guide Here for more information, what to prepare and how the process will look.

Auction

It may seem unusual, but buying or selling a property at auction can save you time and money, compared to selling through traditional methods. Our Auction Specialist can help talk you through the process and agree on a Reserve Price (which is the minimum price that your house will sell for and no less) and a Starting Bid (the price we will market the property for to generate interest).

We offer two types of auction methods, Traditional and Modern. You can read more about our auction methods and reasons why it might be the best process for you by reading our previous blog post here.

You can also download our specialist Auction guides for buyers here and for sellers here.

Have Any Questions? Get In Touch.

Our award-winning team is here to answer any questions you may have about buying or selling your home and to guide you through the process.

You can get in touch today by clicking here. 

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