Before
you move into your lovely new Larkfleet property, we thought it would be a
great idea to offer you some top tips on how you can best sell your house.
We've found a great article offering just that which we hope will make your new
home buying adventure so much more fun and remove all the horrible stress!
Planning
Creating
a budget
Are
you one of those who think that selling a house will not cost that much,
retrace your thinking process and evaluate again. Selling a house means that
you have to make upgrades in order to make it more presentable to the potential
buyers and to increase the sale-ability of the house, to set aside money for
the agent, to plan the budget for moving and to buy things like packing boxes
and tape for easy moving.
Creating
a budget will help you deal with the expenses that come with selling your
property, as you can make better decisions beforehand about what and where to
spend money on, and be prepared to deal with the spending in an efficient
manner.
Don’t
sell your house before you buy your new one
Many people
make the mistake of thinking that since selling a house before buying a new one
is a better choice, either because they think they can use the money for the
house that they just sold to buy the new one, or that they think that the
selling process would take a long time and would be a hassle, and it would be
better just to sell it first and buy a new one later.
How very wrong!
The problem with this
thought is that you lose precious amount of time and money if you think about
selling before you have bought. It’s like putting a horse before the
carriage—it just doesn’t work.
Buying
a new home comes first, since you need to ensure that you have somewhere to go.
If you don’t do that, the moving will be extremely difficult and costly. You
will have the choice of renting a place until you shift to the new home, in
which case the cost of rent and the cost of moving twice (to the rented place
and to the new house) will probably empty all your savings, and put a constant
strain on you as you would have to think about buying a new place and moving
again.
On the
other hand, if you sell your house after you secure a place for your family or
yourself, you get the benefit of saving on hundreds and thousands of pounds and
getting the peace of mind of finally settling in a home.
Don’t
forget to get an Energy Performance Certificate (EPC)
In the
United Kingdom, you are legally bound to get an Energy Performance Certificate
(EPC) before you sell your property. In case you don’t, you will be fined for
it. You are required to show the EPC to the buyers as it helps them get an
insight about the energy efficiency of your home. The ratings of EPC range from
A to G, with A being the most efficient and G being the least efficient. The
EPC also illustrates:
- The energy use of
the house and the typical cost of energy.
- The suggestions
about limiting energy use and saving money.
Make
your decision about how you want to sell your house
There
are three ways that you can sell your home:
- On your own–the traditional
way
- Through a high
street agent
- Through an online
agent.
If you
or your spouse has a former experience in real estate business, and you don’t
mind spending long hours searching for buyers and doing the grunt work, then by
all means sell your property the traditional way.
The
middle ground is using the high street agent, and the most modern and easier
way to sell your house is through an online agent.
Online
agencies use property portals like Rightmove and Zoopla, which are checked by
serious buyers, so you can ensure that the buyers that contact you are thinking
about making a deal, and not just “window shopping”.
Decide
when you want to sell your house
Almost
all of the property experts agree on the matter that there are some times in
the year that it is beneficial to sell, while others in which it is
disadvantageous to sell. If you are not bound by any other considerations, like
if you have to sell your house fast due to an emergency, then you should definitely
time when you put up your house for sale.
The
best and worst times to sell your property in the UK are spring and autumn, and
summer and winter, respectively. Since spring and autumn are the times when
people have free time to consider the lengthy process of looking for a house,
there is a lot of traffic of buyers in the market. During summer, people are
busy enjoying their holidays, and in winter, they are preparing for Christmas,
so these times are often less successful.
Preparing
Now
that you have planned everything, you need to prepare your house and yourself
for the process of selling your house.
Most
of the renovations that we will discuss here are the ones that improve the curb
appeal of the house. This is because spending your money on improving the curb
appeal gives the most returns when you sell your house in the UK. So, here we
go:
Take care
of the basics
If you
are investing money on the expensive stuff and ignore the basic upgrades like
leaking ducts or broken windows, all your hopes of impressing a potential buyer
will be torn, shredded and burnt to ash.
If the
buyer sees that the basic necessities are up and running, they might not even
mind making some upgrades on their own!
Insulation
During
winters, heating expenses increase, and if you show your viewers that you have
insulation installed that will manage the expenses to an affordable level, you
will get more points.
Front door replacement
More
often than not, minor replacements can reap huge benefits and a front door
replacement is one of them.
Replacing
your front door is a simple, tried and tested method that can significantly
increase the value of a home. Your front door is one of the pieces making up
the curb appeal of your house.
New garage door
A new
garage door will go a long way to improve the curb appeal of your house. The
best part is that you can get it at quite an affordable price, so you don’t
have to worry about overspending your budget, either.
Convert your attic into a bedroom
Whew,
we’ve talked a lot about the exterior. Let’s now talk about the interior of
your home.
Thinking
out of the box comes in very handy when you need to get something done in a
tight budget. If you think that adding a room will increase the value of your
house, why not think about converting your dusty, old attic into a bedroom?
Sure, it will cost more than replacing your front door, but it will also cost
less than adding a new room. There is also less hassle as you don’t need to
worry about the foundation costs and dirt work.
Not
having to add on your house’s footprint keeps the remodelling costs under
control while adding a functioning and pleasant living space in your home.
Use neutral paint and remove personalisation
If
your home is personalised to your taste, it is time to remove that. This is
because the potential buyers would need a blank slate to picture their house
in, and if a house already brims with your personal touch, they will have a
harder time imagining it from their perspective. This is why you should use
neutral paint like white and beige to make it easy for the viewers to imagine
themselves living in the house.
Set the price of your house
Once
you have all the necessary upgrades and renovations, you need to set a price on
your house. Check the pricing of the houses in the neighbourhood, and make an
estimate about the price of yours. To get a calculated estimate, you can use
the online free estimate by Zoopla, which takes the information about your
house and guesses the price. You can use this estimate as a head start and
discuss with your agent to make a more accurate estimate.
Prepare yourself for viewers
Viewers
are going to come by according to their own schedule, and the house needs to be
available even when you are not home. It is very disappointing to a potential
buyer to see that a home that they wanted to check out is locked, and they are
unlikely to come back. In order to prevent this, simply give a spare key to
your reliable agent or trusty neighbour who will do the job of showing the
viewers around when you are not at home.
Exchange contracts
Once
you successfully negotiate the deal, you can now exchange drafts. This is the
legal binding that transfers the property to the buyer. Because neither party
can get out of this agreement without paying a penalty, you need to make sure
that you are on the same page with your buyer and everything has been discussed
and agreed upon before you exchange the contracts.
Packing
(and moving out)
Once
you have been through with the whole process of selling your house, you need to
move out. You need to pack carefully, and it is better that you start doing
that beforehand. All the items that are not in used should be boxed up so that
you only need to worry about packing the essentials when it is time to make the
move. If your new house is nearby, you can take all the stuff easily on your
own, with some help from friends. However, if your new house is quite far, it
is better if you hire a moving service to aid you.
We
think that has it all covered and a big thank you to www.journalism.co.uk for
publishing such a great article! So, now you know how to sell your house, give
us a call at Larkfleet and buy your new one!
