Selling your home may seem a daunting task, especially if you are also looking to buy another property as well. There will be lots of important decisions to be made, some of which could either cost you lots of money or save you thousands. Having the help of a good agent will make the process run a lot smoother. Take a look at our guide below for selling your home.
Arranging your finances
You will need to find out from your lender how much is outstanding on your current mortgage. Also, some lenders charge an early redemption fee so you will need to ask if there is one. The next step is to get your home valued. Once you know how much your property is worth you can work out your available funds after paying off your mortgage. Before you start looking at properties for sale you should find out how much you will be able to borrow.
Choosing an agent
Look at estate agents in your area that have a good reputation for selling homes. The number of ‘Sold’ boards in your area is one way of identifying this as well as recommendations from friends and family.
Preparing your home to be viewed
Selling your home is a great time to de-clutter and get rid of unwanted items. A coat of paint on tired doors or scratched cupboards can brighten up a room. Fix any minor repairs and give the whole house a good spring clean. Buyers need to imagine themselves living there, so whilst it’s ok to leave a few personal items on display, such as photos, remove some if you have lots.
Choosing a guide price
Your agent should advise you on what similar properties are being sold for. Even with a well structures valuation, considering recently sold prices, your home is only worth what buyers are prepared to pay. Your agent will be able to advise you on the best price to market your home at to attract the right level of attention.
Managing the transaction
Your solicitor will handle all the legal work for you in order to transfer the ownership of the property. If you are also in the process of buying a new home we would recommend you use the same solicitor to handle this for you, as it will make the process both more affordable and manageable. Whilst a good agent will be able to recommend a solicitor, you do not have to take this option and can choose your own.