Thinking of selling your property? Here are just a few steps that you’ll want to check off first so that you can be certain you’re ready.
Make sure you’re financially ready
Moving home is expensive, so you’ll want to be in a good place financially. Saving up some money for the move could be worthwhile. You should also try to work out your home’s equity (this could require getting your home valued first). It’s best to clear up as many debts as you have and possibly take steps to clean up your credit score (a low credit score could stop you from taking out a new mortgage).
Fix up any major damage
You’re more likely to sell your home if it’s in good condition. Even if certain damage isn’t visible, most buyers will hire a surveyor who will be able to locate this hidden damage. Large repair jobs like foundation repair and roofing repair could be worth prioritizing. Try to also seal up any cracks around your home.
Invest in other ways to add value
There could be other easy ways to add value to your home before selling. This will allow you to sell your home for more. Basic tidying and decorating could make a big difference – this could include tidying the backyard, repainting the walls and cleaning carpets. You may also want to consider some major renovations. Loft and garage conversions can be some of the most effective ways to add value and have a better ROI than an extension. Landscaping projects such as building a patio or a shed can also add a lot of value whilst costing comparatively little.
Find your next home
Whilst thinking about selling, it’s also important to look for your next home. You need to have your new home secured before you sell up. The buying process is just as important as the selling process and you want to spend an equal amount of time finding and settling on your new home.
Hire the right people to help
Whilst you can advertise your home for sale privately, most people find it more convenient to go through an agency. Real estate agents can help to advertise for you, organize viewings and communicate with prospective buyers. The drawback is that they do charge commission – you should ask about this upfront. Shop around agencies to find the best one for you.
Notify the right people that you’re selling up
You’ll need to tell a few people about your plans to move such as your mortgage lenders, energy providers, insurers and various other people you pay bills to. It’s worth warning these people early so that you’re not charged extra payments after you’ve sold up. You can find an entire moving list of people to notify here online.