Selling a property – your questions answered.
When selling a property it can be potentially appear a complicated exercise, particularly if you are not experienced in the process. Here is a step by step guide written to ensure that the experience runs as smoothly as possible.
1. Choose the right estate agent.
Here at London Link Properties Properties we have a team of experienced sales negotiators, they are experts in their field. My team have an extensive local knowledge, in addition to accurate information concerning both the property market, and demand in your locality. Through our extensive database, we can match potential buyers to your property, this way ensuring that there is interest as soon as you decide to sell.
2. Making your home attractive to a buyer
All aspects of your property need to be at their most attractive to display their full potential would be buyers. Carry out those small repair jobs that you have been putting off, replant the garden with attractive shrubs and bushes, reinvigorate the planters.
Moving home is an ideal time to have a good sort out, get this done at the earliest stage in the process, not only will it save you time later, it will also ensure that your property is neat, tidy and maybe larger. If moving in the autumn or winter months consider soft lighting, ensure that the heating is on thus giving a warm cosy impression.
Ensure that there are no off-putting odours in your property. Particularly consider things such as pets, cigarette smoke, spicy cooking. Nicer smells such as fresh flowers are much more welcoming.
3. See what home improvements you could make.
As my team value your property, using their experience they may suggest ways that you can increase it’s value. They can advise you on whether or not to invest in expensive renovations, compared to the likely increase in price that you could obtain at sale.
Extensions or conversions can add a lot of value, however again they are expensive. Consider obtaining plans and planning permission before putting your property on the market.
If a room is particularly tired consider a coat of lighter paint, this can make a room look both bigger and brighter.
4. How much can you afford to spend on your next property?
What is your outstanding balance on your current mortgage? How much equity do you have in the property? These factors will affect how much more you can borrow. This is an important consideration especially if you are looking for a more expensive property.
5. How much does moving house cost?
One by one consider the following seven costs before you start the process of moving house.
- A new mortgage arrangement fee if you are moving providers. These vary from product to product.
- Your current lender’s penalty fee if you are making an early repayment.
- Legal fees.
- Estate agent’s fees.
- The cost of an energy performance certificate.
- Removal costs.
- If the property that you are selling is not your main home you may incur Capital Gains Tax.