A Comprehensive Guide to Successfully Sell Your Home
Are you ready to embark on the exciting journey of selling your home? Whether you're eyeing a property with more space, a lovely garden, or even a coastal cottage, our step-by-step guide is here to help you navigate the entire process seamlessly.
1. Determine Your Home's Value
Begin by obtaining an estimated value for your home using your postcode. This will provide you with instant insights into your property's value, any recent changes, and the selling prices of neighbouring properties.
2. Schedule a Property Valuation
When you're ready to list your home, arrange a free property valuation with a local estate agent. An in-person valuation ensures a thorough assessment of your property's condition, taking into account any improvements you've made.
3. Review Mortgage Documents
Contact your current lender to discuss your plans to sell. Assess your mortgage options and be aware of any fees associated with ending your current deal prematurely. If applicable, explore the possibility of transferring your existing mortgage to a new property.
4. Choose a Trustworthy Estate Agent
Select an estate agent based on trust rather than fees alone. Consider their recent successful sales in your area, as they will likely have a current list of potential buyers. Your agent's approach and methods should align with your preferences.
5. Prepare Your Home for Viewings
Create a welcoming and attractive space for potential buyers. Enhance kerb appeal by maintaining the front entrance and addressing any exterior issues. Inside, declutter and consider showcasing potential home office spaces. Upgrading your broadband can also be a selling point.
6. Set the Right Asking Price
Collaborate with your chosen agent to determine a competitive asking price. Research recent sales of similar homes and rely on your agent's recommendation to strike the right balance between generating interest and setting a realistic price.
7. Check Your Energy Performance Certificate (EPC)
Ensure you have a valid EPC within a week of listing your home. This certificate provides information about your property's energy usage. If needed, obtain a new certificate before listing.
8. Find a Solicitor
Secure a solicitor early in the process, preferably one recommended by your estate agent or trusted contacts. Gather necessary documents, such as title deeds and building certificates, to streamline the legal aspects of the sale.
9. Accepting an Offer
An offer doesn't finalise the sale. Stay flexible on timing and efficiently produce requested paperwork. Maintain regular communication with your solicitor and estate agent to stay informed throughout the process.
10. Exchange of Contracts
Once all parties agree, the exchange of contracts legally binds the sale. In England and Wales, this is the final stage where withdrawal incurs penalties. In Scotland, this step occurs slightly earlier.
11. Preparing to Move Out
Utilise the time between exchange and completion to finalise moving arrangements, cancel home insurance, and read meters. Sign the Transfer of Deed to transfer ownership on completion.
12. Completion and Moving Day
On completion day, funds are transferred, and your home is officially sold. Clear your property of possessions, leaving it clean and well-maintained for the new owners.
Congratulations on successfully selling your home!
