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How To Sell Your Home? – A Step By Step Guide

Property Saviour » Selling » How To Sell Your Home? – A Step By Step Guide

Trying to figure out how to sell your home? You’re not the only one. Right now, a lot of people in the UK are considering putting their properties on the market. However, when you’re trying to learn how to sell your home, you may come across conflicting advice.

Selling a house can be a tricky process, especially if you’re also looking to purchase another one.

The decisions you make as you attempt to sell your own home could result in thousands of extra pounds in costs, but if you educate yourself on the process, it could also help you make thousands of extra pounds. What do you need to know before you begin?

This guide is designed to help you understand the key tips for selling your home and to guide you through the process.

Table of Contents

It Begins with the Decision to Sell

Before selling your home, it’s important to make sure you’re ready. You may be relocating for work or looking for a new school for your kids, in which case selling might be the best option.

However, if you simply need more space, you should compare the cost of building an extension to the cost of selling a house. Selling can be expensive and time-consuming, so it’s vital to plan each step carefully.

If you’re not prepared, the process can become long and tedious. Take the time to consider your options and make sure you’re ready to move forward.

Know What Your Home Is Worth

Once you have decided to put your home on the market, one of the most important tips for selling a home is to price it correctly. You should get an idea of the total value of your property.

This will assist you when you list the home and, if you need to pay off the remaining balance on your mortgage, it will help you see if your home is worth enough to cover the mortgage.

Bear in mind that the initial valuation of your home will only provide you with an approximate figure. It is difficult to determine exactly how much your home will be sold for until it has been listed.

How To Sell Your Home
Selling a house can be a tricky process, especially if you're also looking to purchase another one.

Speak With Your Mortgage Broker

If you have a mortgage, you’ll need to consult your lender about any associated early repayment charges. Additionally, if you’re planning to buy a new property, you should ask about porting your existing mortgage.

On the other hand, if you don’t have a mortgage on the property, now is a great time to get pre-qualified for a loan. That way, you will know exactly how much you can borrow. This is one of the best tips for selling your home, as it puts you in control of financing.

Understand the Costs Involved

When selling your home, you should remember that it does come with some costs. Knowing the expenses associated with selling is essential before you decide to list your property. One of the most common expenses is the estate agent’s commission fee.

This can range from 0.75% to 3% of the agreed sale price, plus VAT. Conveyance fees, which are usually between £850 and £1500, also need to be paid.

If you don’t have an Energy Performance Certificate (EPC) for your home, you must obtain one, which can cost between £60 and £120. Your estate agent can help you get an EPC, but it may be more expensive.

Removal costs are another factor to consider when selling. These costs depend on the size of your home and the distance of your move, so be sure to get quotes from a local removal company.

Selecting an Estate Agent

The next step to selling your home is selecting an estate agent. Although it is possible to do this alone, enlisting the help of an estate agent can streamline the process.

Ask close relatives and friends if they have any experience with any estate agents they trust. Make a list of agents in your area and evaluate their track record.

See if their current listings include great visuals and descriptions. Ask them about their viewing policies and standard terms. A knowledgeable professional can offer extra tips for selling your home. Find the agent that meets all your criteria.

How To Get An EPC
Before you can put your home up for sale, you must have an Energy Performance Certificate (EPC).

Get An EPC

Before you can put your home up for sale, you must have an Energy Performance Certificate (EPC) – if you don’t already have one. If your home was bought and sold within the last 10 years, you likely already have an EPC on file.

Make sure to provide this to potential buyers, so it’s a good idea to book an Energy Assessor to take care of it sooner rather than later.

Choose Your Selling Price

The next step in this guide to selling your home is to determine the selling price. You’ve already calculated the value of your home, but this can be a difficult task for many. Research the local market to find out what similar homes are going for.

You may also want to get your estate agent to do a valuation. Keep in mind that buyers may attempt to negotiate the price, so add a buffer to your overall price to allow for negotiation.

Prepping Your Home

Once you’ve selected your team and determined the price point you’ll list your house for, the next step is an obvious one for selling your home: make the necessary repairs and changes.

The best thing to do initially is to perform a deep clean or hire someone to do it for you. You want your house to be as clean as possible.

If you choose a professional cleaner, they’ll get into the nooks and crannies that you may have missed. Buyers are looking for a home that looks “new,” even if it’s older, and working with a professional cleaning team is an ideal way to achieve that.

In addition to cleaning, you may need to declutter to help sell your home. Take a good look around your home: how much do you need? What do you want to take to your new home?

Reducing the excess will help you when you move, by having fewer things to pack, and it will make the property appear more spacious, so buyers can see the actual size of the rooms.

Consider donating the extra to a local charity shop. If you have items that don’t add to the clutter but occupy a lot of space in a room, consider renting a self-storage unit until after you move.

Next, start making small repairs to assist in selling your home. A fresh coat of paint to cover scuff marks, and new light bulbs, can go far in increasing the sale price of your home. Fix any leaky faucets, and replace any outdated fixtures.

Pay attention to the lighting in each room, as well. Letting in more light (through new fixtures or cleaner windows) will show buyers the potential of your home. Good lighting is one of the top tips for selling your home.

Finally, focus on the kerb appeal. Buyers want to love the house the moment they pull up to it, so make sure the outside looks attractive.

Power wash your driveway and front path, and make sure you mow the lawn. Plant some perennials to add to the aesthetics of the space. Gardens are a great selling point for homeowners but don’t make it look too hard to maintain.

How to choose a conveyancing solicitor
You can use the same contacts that you used to find your estate agent to help you make this decision.

Choose a Conveyancing Solicitor

Your house is ready to be placed on the market, and you’re ready to move on to the next phase of the process: choosing a conveyancing solicitor.

You can use the same contacts that you used to find your estate agent to help you make this decision. Keep in mind that going for the cheapest option isn’t always the best one.

After all, it’s your solicitor who will ensure the process runs smoothly and optimally towards your closing date. Do your research and make sure you pick the perfect team member for the job.

Show Your Home

To maximize your chances of selling your home quickly, it’s essential to ensure that it looks and smells great at all times. This means tidying up the kids’ toys, sweeping regularly, and making sure everything is in order.

Once you have your home in its best condition, it’s time to start showing it to potential buyers. Your estate agent can help with this process, but it’s important to keep your home in top shape throughout. Doing so will ensure that it always looks attractive to potential buyers.

Accepting an Offer

Once you receive an offer on your home, the conveyancing process can begin.

To help expedite the process, it’s recommended to fill out any questionnaires or paperwork that arrive promptly and keep all parties informed of progress. This will help make sure that everything progresses quickly.

What is a contract exchange in UK house sale
You should also bear in mind that you are still responsible for the state of the house after the contracts have been exchanged.

Creating a Contract

Once you’ve finished the initial paperwork, your solicitor will be able to create a draft contract for your house. At this point, there’ll be a few things you’ll need to decide on.

How quickly you can move out after the exchange of contracts is made official, what you’re leaving behind (like various fixtures and fittings) and any discounts you might have to offer if the survey reveals any problems.

The Exchange of Contracts

Once you and the buyer are both content with the contracts, it’s time to exchange them with the help of your solicitors. From this point on, you are both fully committed to the sale. If one of you decides to back out, this could lead to legal action.

You should also bear in mind that you are still responsible for the state of the house after the contracts have been exchanged. Make sure that your insurance is still valid and that nothing is damaged during the move-out process.

Moving Day

Once the contracts have been exchanged, there’s usually only a week until the completion day arrives. On this day, you’ll need to have vacated your home.

You can move out as soon as the contracts are exchanged, then on completion day all that is left is the exchange of keys.

What Happens on Completion Day?
On completion day, the remaining steps to sell your home are straightforward. You receive payment and hand over the keys.

The Aftermath

On completion day, the remaining steps to sell your home are straightforward. You receive payment and hand over the keys. The money will be transferred to your account and your solicitor will register the property with the Land Registry.

You must also pay any outstanding bills. If you have a mortgage, this must be paid off. Additionally, you will need to settle with the conveyancing solicitor and your estate agent. Finally, the remaining funds will be transferred to your account.

Are There Ways to Sell Your Own Home Faster?

Not sure about the long timeline? Estate agents and conveyancing solicitors don’t have to drag things out for you. There are two methods to facilitate a swift sale of your home.

One option is to list it in its current condition, which means you don’t have to make any changes or repairs. You must, however, disclose any issues that could influence the buyer’s decision. This can speed up the sale, as the inspection process is shortened.

Alternatively, you can sell to a cash investor. This is often a quicker route, as cash buyers usually buy for below market value and don’t require an extended inspection.

Additionally, there is no need to work through a mortgage lender, so you can eliminate that step. Although you may not want to accept a price too far below market value, these buyers can typically close the sale in a fortnight.

Selling Your Home Just Means Gaining the Information You Need

No matter how you choose to sell your property, gathering the information you need about the entire process can help you uncover hidden details and make the journey from decision to key handover smoother.

It can be daunting to learn how to sell your home, but this guide can make it easier. Follow the advice in this guide to selling your home and you’ll be ready to move ahead with the sale.

Any thoughts about selling your home?

Are you looking to sell your house? We buy houses in any condition. Get in touch if you are thinking of selling.

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  • Be careful with ‘cash buyers’ who require a valuation needed for a mortgage or bridging loan.
  • These valuations or surveys result in delays and price reductions later on.
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  • No long exclusivity agreement to sign because we are the buyers.
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