Selling a Shared Ownership Home
When you decide you want to sell your home Peabody has the expertise to make the selling journey as stress-free as possible and help you get your home on the open market.
Selling a Shared Ownership home is known as a resale. You can sell the share you bought in your home if you are ready to move on. Peabody will help you market and find a buyer for your home.
Peabody is an established provider of Shared Ownership homes and is a trusted provider for people interested in buying a Shared Ownership home. We are therefore well-placed to market and sell your home.
Our experienced team is here to help every step of the way, from arranging viewings with interested purchasers to approving applications and allocating a buyer for your home.
Benefits of selling with Peabody
Peabody will help you market your home and sell your share. We will help prepare everything you need and get your home on the market.
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Access to buyers
As a well established provider of Shared Ownership homes, we have access to lots of people looking to buy Shared Ownership properties.
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An experienced team
The Peabody team understands the market and how to best market and sell your share.
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Making sure buyers see your home
We will list your property on our website, as well as directly advertise it to our existing database of applicants and popular property websites such as Share To Buy.
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Support from start to finish
From valuation to making sure buyers see your home Peabosy is there to support through the selling process.
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Transparent fees
All costs of marketing and selling your home through Peabody are clearly outlined when you sell your home with us, so there are no hidden costs or surprises.
How to sell a Shared Ownership property
- Contacting Peabody to let us know your intention to sell is the start of the process. We will then support you by advising on the initial steps involved in preparing your home for sale.
- Find out how much your home is worth When you decide to sell your home, you will need to get an independent surveyor to see how much your home is worth in today’s market. You can select a surveyor from our panel of experts, or you may wish to appoint your own. Peabody will need to verify and agree on the surveyor's valuation before you are able to sell your home.
- Showing off your home is key to finding a buyer as quickly as possible. You can choose from our approved panel of financial advisors, surveyors and photographers who will provide photography, floorplans and a property description for marketing purposes. You should also get your Energy Performance Certificate (EPC) ordered. The cost for these services is paid directly to the professional you choose.
Three steps to selling with Peabody
Step 1 - Intention to sell
Let us know you would like to move on and request a valuation to find out how much your home is worth.
Step 2 - Market your home
Peabody will help you market your home and sell your share. We will help prepare everything you need and get your home on the market.
Step 3 - Finding a buyer
Finding a buyer We will arrange viewings, approve applications, allocate a buyer, liaise with all parties and progress the sale to completion.
Ready to sell your Shared Ownership home?
The first step to sell your Shared Ownership home is to download the Resale Enquiry Pack and complete the steps detailed within.
Once submitted, your request will be processed by our dedicated resale team who will support you.
Selling your home FAQs
Here are some frequently asked questions we receive from leaseholders looking to see their home. Get in touch with our dedicated team for any further questions you have.
If all documents are sent in and correct, the whole process can be completed on average in 6/8 months. It may take longer depending on whether the solicitor you instruct is familiar with the Shared Ownership Process.
No, you can choose to sell at any time, if you choose to sell while being a shared owner, you need to download the resales enquiry pack.
The £350 fee covers the administrative tasks carried out by Peabody throughout the reselling process. This includes processing your documents, reviewing your lease, conducting due diligence checks, and performing various other tasks essential to facilitating the sale of your home.
No, all our administration fees are non-refundable.
As per the terms of your lease a RICS valuation is required, RICs registered surveyors are trained and regulated to be able to give an accurate and fair valuation of a property.
You can query the valuation directly with your chosen RICs surveyors.
You can start looking for a new property as soon as you have decided to sell, we would recommend that you do not make an offer on a new home until a buyer has been found for your current property.
