It’s a stressful process with a lot to consider and you want to ensure that you can get the best value for your property, in the shortest time possible. Here are 10 clear steps to know what to expect.
Bear in mind, this doesn’t constitute legal advice suited for your exact circumstances. If you want more tailored support, don’t hesitate to get in touch. And don’t worry, we will be there all the way, advising on what your best options are, what to expect based on the state of the market and we will ensure your property gets as much marketing coverage as possible.
1. Is it a good time to sell?
Is the housing market in a good place where you can get some return from the resell, or are you rushing? Additionally, consider what type of property you own. For example, new builds tend to provide more return on investment the longer you keep them. Why? If buyers were looking for a new build, they will more likely purchase a brand-new build, as that has its benefits, rather than a 2-3-year-old new build.
2. Are you still in your mortgage term?
Before jumping to sell, also check what fees you might be liable for by moving. I your mortgage is portable, or you’re on a standard variable rate then you’re mostly fine. Otherwise you’re likely to incur fees such as early repayment charges.
3. Have you valued your house expertly?
Once you have decided that this is the right move for you, next step is to clearly identify how much your property is worth. Here, at Wentworth, we provide free expert valuations through at-home visit reviews.
4. Have you considered redecorating to increase value?
Have a conversation with the expert valuing your house. Will retiling your bathroom increase market value? Maybe redecorating the living room? Consider anything that makes your home more sellable, such as a deep-clean, plants and mirrors, mowing the lawn and sparkly windows.
5. How will you choose the right agent to help?
Wentworth is different. Not only that we will ensure your property gets sold at the best possible value, in the shortest time possible but we pride on building a close 121 relationship, advise and defend your interests. The most important factor for our clients is that they get a painless, great selling experience. You can find out why we’re a better choice here.
6. How to choose where to advertise your home?
Our experts can decide what works best for your circumstance, your property, and the buyer market it speaks to, to define what channels work best. Once we’re ready to place your property on the market we go through an asset collection process. That could entail energy performance certificates, take photos, video tours etc. Then we advertise it both online and on high-street.
7. Are you time-poor or you just need support?
Of course, you can hold the viewings yourself but it’s a daunting process. Let your agent do that for you, as they will present the property in a way that shines the best light, can deal with the enquiries, the early morning or after work time slots and ensure proper follow-up.
8. Have you found a solicitor?
You’ll need a solicitor or a licensed conveyancer to deal with the legalities of transferring the property from your name to the buyer’s. Among other things, they draft the contracts and handle the money exchange. Ensure you’re aware of their fees up-front and perhaps consider this step even before your property goes on the market. It might speed up things.
9. Have you considered the costs involved?
The agents, the solicitors, the energy performance certificates, the removal company, these are all costs that you need to consider prior to the sell. Additionally, depending on the chains your buyer is involved in, some additional costs might appear from any delays incurred.
10. Are you also purchasing a home?
If you are also buying a home yourself, there are other variables to consider. Here at Wentworth, we can deal with your property sell and the purchase. Our main goal is to make your life as easy as possible through this daunting experience and to ensure you get the best possible advice and outcome.
TOP BUYING TIPS
If you have any more questions on how to sell a home, we can discuss the process in more detail, define your circumstances and take it from there. We’re friendly and helpful, so don’t be shy and get in touch.