There are few things in life that are more stressful than buying and selling a property, but the rewards are so worth it. Home is the centre of your world, and a place to live where you feel happy and comfortable is crucial for a happy life. Plus, when you buy there’s no wasting money on rent, and you get the security of having your own property. If you’re looking to sell the old to move into the new, here’s what you need to do…
Get Your Home Valued:
The first thing you will want to do when you’re planning on selling your home is to find out what it’s worth. That way you have a rough idea what kind of budget you’re working with. Since property prices can change drastically in a few years, it’s useful to know what yours is currently worth. Use an independent property valuation, this will give detailed information about the property, along with how it compares to other properties in its current location and much more. This is useful not just for you but for buyers too.
Speak To Your Mortgage Provider:
When you are planning to sell your home and are still paying a mortgage, your next task would be to notify your mortgage lender. That way you can find out how much of your mortgage is still left to pay, and if there are any penalties for early redemption. Once you know how much your home is worth, you will be able to calculate how much money you will be left with after you have paid off the mortgage. In many cases, you will be able to transfer any existing mortgage to the new property, so if you still have many years left and aren’t able to cover it with the sale of your house, then you’re in luck.
Hire a Solicitor or Conveyancer:
Buying and selling property is an incredibly complex and often stressful process. Hiring a property solicitor like Bannister Preston or a conveyancer to handle the legal side of things can save you a lot of hassle and headaches. They will assist you in settlement and title transfer process and ensure that all legal obligations are met. You will have peace of mind that your rights are protected during the transaction and that everything is being done correctly and by the book. Unless you’re a property expert you can feel way over your head with these kinds of things, so decide which one you want to use before agreeing to the sale of your property.
Find Your New Property:
Along with getting rid of your old property you will of course need to find somewhere new. If you’re lucky, you will find the perfect home that’s available at exactly the right time. If not, it could be a case of moving in with family or renting with your stuff put away in storage until it becomes available. Selling your property before you have a new one can come with risks and isn’t something everyone feels comfortable with doing. However, there are huge advantages too. It puts you in a far stronger position when you’re buying as it means you have the cash freed up and ready to go, or a pre-approved mortgage waiting for you.
Redecorate in Light Neutrals:
In order to get the very best price for your property, there are a few things you can do. This will make it appeal to the most amount of buyers, and you won’t be putting them off with silly things. Redecorating in light neutrals turns your home into a blank canvas that people are able to picture themselves in. It makes the most of the light and the space, and viewers aren’t distracted with too many personalized items. It’s even worth having new, neutral carpets fitted throughout. They don’t have to be expensive, but look really effective and are something that homebuyers will definitely appreciate. Laminate flooring downstairs is another good choice, especially if your home is suitable for families. Inexpensive and hard wearing, and something that will appeal to families with pets and kids.
Dress It Like a Show Home:
Keeping the decor plain and neutral is great as it allows buyers to picture themselves in the home, but you will want to add a few finishing touches to really set the scene. A rug, plant, a piece of art on the walls or some cozy cushions on the sofa will help to show buyers what their life could look like. Go with very safe and generic choices to avoid distracting or putting people off. You want to paint the kind of picture that anyone could slot themselves into. If your own furniture is packed up, there are companies which allow you to hire beautiful furniture which could be ideal for viewings. These finishing touches are what will bump up the price of your home, set it apart from other similar properties and get people competing to purchase it.
Repair Anything That’s Broken:
If you have any areas in the home which are broken or unfinished, these will be huge red flags to buyers. Even seemingly small things like chipped tiles will put people off since they will be pricing up the cost of a full replacement in that room. Mould caused by simply not opening windows may alarm buyers into thinking there’s a leak or a condensation problem.
Make sure everything is up to the best standard it can be. You might not want to invest in a home you won’t be living in, but money spent here will be recouped when comes to selling as your property will sell for more money.
Invest in Value- Adding Extras:
There are certain extras that are an extremely worthwhile investment as they can boost the value your property enormously. If you want to sell your home for the very best price, these are things to consider. Decking in the garden can add a lot of value for just a few hundred pounds to have installed. You could update the fixtures and fittings in the kitchen for a more modern feel, or upcycle the units if you want to give it an update without paying for a brand new kitchen. Wooden units can easily be sanded and painted, so if you have an outdated kitchen, this could be one way to draw in those buyers and squeeze a few thousand pound more from the asking price.