Process For Selling Your Home In 7 Simple Steps
Not sure where to start with selling your home? No problem. We’ve listed the process for selling your home in seven simple steps to help make the process that little bit easier.
1. Get a valuation
Ultimately how much you put your property on the market for is up to you, but you should be realistic.
Too steep a price and you may struggle to generate any interest, undervalue your home and you could lose out on money. That’s why it’s worth getting a valuation from several respected estate agents to get a professional opinion.
Getting a realistic valuation is especially important if your buyers require a mortgage to buy as the lender will arrange a valuation of their own to ensure the property is worth the asking price.
If you’re disappointed with the valuation you can always ask what can be done to boost the value. If you have a budget you can set aside it could then be worth doing some restoration or refurb work before putting your home on the market.
2. Budget moving costs
You will need to budget your moving costs and expenses such as the estate agent fees, legal expenses and cost of hiring a house moving company. This will help prevent any nasty surprises further down the road – moving house is usually an expensive life change and the last thing you want is to be hit with an unexpected bill that your monthly budget can’t quite cover.
If you’re also looking to buy then you’ll also need to budget for your deposit, mortgage costs and further legal expenses.
3. Get on the market
Once your home is market-ready, you will want to choose an estate agent or two to advertise your property. You could choose a traditional high street estate agent or opt for an online agent. It’s best to research your options to choose one that’s right for you.
Organising professional photos is an important part of marketing your home – these are what will entice people to view your property.
4. Start doing viewings
Whether you want to do the viewings yourself or have your agent show potential buyers around, it’s entirely up to you. But once people start viewing your home it should start to feel more real.
5. Accept an offer
Getting an offer can be exciting. But sometimes it can also be disappointing if they are under the asking price. You can always negotiate with potential buyers, but it’s your call in the end.
Assuming you get more than one offer, it’s important to note that it’s not always about accepting the highest offer.
Other considerations include how many people are in the buying chain and how prepared and confident your buyers are with the move. Estate agents will usually be able to distinguish between buyers who are unsure or unprepared and those who are more than ready to make the move. They can feed this information back to you to help you decide which offer to accept.
6. Talk to your property conveyancer
Once you’ve accepted an offer it’s time to talk to your property conveyancer. They will be the mediator between you and your buyer when it comes to conducting property searches and exchanging contracts and keys.
You won’t be able to use the same conveyancer as your buyer.
7. Find a house moving company
Unless you’ve agreed with your buyer to leave behind certain appliances, fixtures or furniture, you will need to make sure everything is removed from the property before the new occupiers move in.
You can pack yourself or arrange for a removal company to complete all your packing and unpacking. In any case, you’ll want to organise a respectable house moving company to remove all your belongings safely and securely to your new abode or a self-storage facility.
From getting a valuation to exchanging contracts and organising a removal company to move your belongings, there are plenty of steps in the house selling process to keep you busy. We hope this guide has given some helpful tips and will take some of the stress out of the process.
If you’re also looking to buy, you can read our step-by-step guide for buying a house to help you through the process.