After the excitement of buying your first home, you don’t often think about where your next abode will be for a while. However, one of the main factors for moving is due to work-related issues or the need to accommodate a growing family.
Selling a home can be just as stressful as buying, as you will need to have an offer in place before buying a new one and this time you will be in a chain! This will mean you will be relying on everyone else to ensure the sale of your house goes smoothly.
As you have never sold a property before, we understand that you probably have a multitude of questions and are after some advice. We have put together some useful tips which will hopefully make the process go a lot smoother for you.
Before you take the step of selling your home, you need to be 100% sure that you want to move. This may sound obvious, but you should make sure it is a good time to put your home on the market as many economic factors can affect the value of your property.
Additionally, you should allow plenty of time to research where you would like to move, what type of property you are after and what your budget can afford. Speaking with a local estate agent can give you plenty of information on the local area as well as how much homes cost.
It is a good idea to make your home more presentable before you decide to sell it, but you don’t need to go overboard. Fixing any material defects such as chipped or peeling paint can be a great idea, as is tidying up the exterior of your home. However, spending thousands on a new kitchen or renovating any room may not be worth it. It is advisable that you speak with an estate agent as they will be able to advise you on what could make your home more sellable.
Using an estate agent to help sell your home comes with plenty of benefits. Not only will they help reduce any stress, but they also have so much experience and knowledge which will help to advertise your property accordingly. They will advertise your property to a wider audience as possible, which should help speed up the sale of your home.
Additionally, they will help to arrange viewings, value your home, make suggestions of what can make it more sellable, manage negotiations and much more.
You will need to be prepared to keep an open mind when it comes to selling your home. Are you after a quick sale? Are they offering below the asking price? You need to think what your goal is and take these into consideration when you begin to get offers.
Additionally, you may think that prospective buyers will love your home for the same reasons you did. However, this isn’t always the case, and you need to take into account the offer and see whether it has been justified by the condition of your home.
You have probably made hundreds of memories in your home, and of course, saying goodbye to it will be hard. However, you will need to detach yourself from in emotionally, as this can stop your emotions getting in the way of making the right decision.
Try to picture yourself as a potential buyer, walking through your home for the first time and make a list of anything you would change and what you love about each room.
If you have accepted an offer on your home, this will mean that transaction will be sent to the solicitors ready for the completion day. This will mean it is your responsibility to keep the property in good condition and insured until it is handed over to the new buyer.
Much like buying your first home, there are a number of additional costs which will need to be considered. These may include:
• Agent fees
• Conveyancing fees
• EPC (Energy Performance Certificate)
• Removal costs
• Remortgaging fees
It is advisable you speak with your solicitor to find out about any additional costs which may take you by surprise. Additionally, you need to factor in the costs involved of buying a home too.
These are just a few tips if you are selling your home for the first time, as we know it can a stressful experience. If you are looking to sell your home online, or require advice, we are here to make the process go as smoothly as possible, so please call us on 01837 54504.