All You Need To Know For Selling A Property29 March, 2019
Selling a property can be stressful, no matter how many times you do it. Sometimes it’s easy to feel overwhelmed, especially if you don’t know where to begin. Luckily, by following these simple steps, you’ll be well on your way to enjoying an efficient and successful sale.
Think About Your Finances
If you have a mortgage on your property, you’ll need to notify your lender of your planned sale. It’s important to find out what you have left to pay and whether you’ll incur redemption penalties. Next, you’ll need to have your property valued. You should ideally use a professional service for this to get the most accurate quote, so that you can easily calculate how much money you’ll have leftover.
If you’re planning to buy a property after this one has sold, then you’ll also need to contact mortgage lenders to see how much you can borrow. It’s important to remember that selling your home will cost you money as well, so you’ll need to think about whether you have the finances to sell your home at this time.
Pick An Estate Agent
Although you do have the option to sell your own home, most people opt to use an estate agent. These can be traditionally found on the high street or exclusively online. The route you choose is up to you, but online-only estate agents can cost less. Make sure you shop around and compare and contrast services, you may not need everything a particular company offers, so make sure you’re not paying the higher price for it.
Make Sure Your House Is Ready
Although there’s no need to do any major renovations unless you want to, it’s important to make sure your property looks as presentable as possible. Any changes you decide to make will likely increase the property’s value, so it’s well worth the extra time. Removing clutter and tidying up are the obvious steps, but giving the walls a fresh coat of paint in white or cream can really brighten and freshen up the rooms.
Enlist The Help Of A Solicitor
When it comes to the legalities of selling a property, nobody is better qualified to help you than a solicitor. They’ll be able to make sure the sale goes through smoothly with all the legal boxes ticked. Contacting a solicitor at the earliest possible stage is never a bad idea, as they can advise you every step of the way on mortgages, deeds, and transferring ownership.
Get in touch with Preuveneers LLP for more advice on how to best sell a property. Our team of experts is more than happy to help you with any questions you might have, so give us a call, today.