London, United kingdom — If you are selling your home for the first time, you should be ready for a daunting task ahead.
Buying and selling a home both involve a lengthy process. That is why you should get a UK conveyancing solicitor to hold your hand.
In this simple guide, we take you through buying and selling your home. Here is what you should do if you want to sell your home easily.
1 – Set your budget
Before you can even think of selling your home, you should figure out your finances. Work out a rough estimate of the value of your home. You also can check the mortgage paperwork or speak to a lender if they can allow you to move with your mortgage to a new property.
2 – Weigh between renting and buying
When you’re selling your home, buying a new property should come to your mind. However, you want to take a break and think again. If you decide to sell your home and rent for some time, it can increase your expenses.
In most cases, the cost of renting may as well be higher because you will have two sets of removal costs to meet.
3 – Hire an estate agent to sell your home
The next time you sell your home, you should plan to have an experienced estate agent take you through the process. You can also decide to sell your home in person or use a local estate agent.
Most people opt for online estate agents when selling a property because they are affordable and convenient. When you want to sell your home with the help of an estate agent, you should take time choosing the right one.
You can also seek recommendations from other high-street estate agents. Compare the agents on how fast they sell a home they list in your neighborhood. If you decide to sell your home independently, you should be smart and organized.
4 – Apply for Energy Performance Certificate (EPC)
When selling a home, you should at least apply for EPC before listing your home for sale. If you don’t have this certificate, you can ask your estate agent to have you register for one. Your estate agent is likely to charge you some fee for this arrangement.
5 – Decide how much you want to sell your home
The next step to selling your home or property is deciding how much it’s worth. You should research widely on the market and get to know how the local estate agents evaluate the homes in your neighborhood.
Most homebuyers are probably going to negotiate for a discount. Therefore, you should consider adding at least a 5% discount to what you are willing to accept for the house.
6 – Prepare the home for sale
When you set a price, you should now prepare the house for sale. Start by tidying up the house. Remove all the clutter in the house to make it more appealing for buyers who will come to view.
You should also re-paints and place the flower faces in the house. Add some life to your house before you allow a buyer to start viewing. The more you make your home presentable, the higher your chances of selling it quickly.
7 – Get a conveyancing solicitor
When you are ready to sell your home, you should not walk down this path alone. You need a conveyancing solicitor to take you through the whole process. A conveyancing solicitor has all the experience that will help you speed up the selling process.
You speed up the process when you choose to work with an estate agent and a conveyancing solicitor. A conveyancing solicitor will handle all the legal paperwork and get the contract. Only reach out to experienced and licensed conveyancing solicitors like AVRillo if you have settled on an offer.
8 – Accept the offer
When you get an offer from a home buyer and are satisfied with it, the next step should be accepting it formally. Always remember that accepting an offer is not legally binding until a contract is signed.
9 – Fill out the questionnaire
The conveyancer will offer you some questionnaires and forms that you should fill. These forms provide the buyer with all the information they need on the property and the sale. You are required to fill out the questionnaires with utmost honesty.
10 – Negotiate the contract, exchange, and move out
Once you have negotiated the property’s price, you have to exchange the contracts with the buyer. The contract binds both of you to the sale of the property.
If you decide to pull out of the sale after exchanging the contracts, you will have to refund the buyer’s deposit, and they may as well sue you for breach of contract.
There is a lot involved in buying and selling a home. To shorten the process, you should hire a conveyancing solicitor and an experienced estate agent.
Company Name: AVRillo Conveyancing
Contact Person: Media Relations