A simples guide

Guide to selling your home

Choosing to sell your home is a big decision. Maybe you’re planning on upgrading, or perhaps you’re setting off on a round-the-world vacation. Whatever the reasons behind putting your house for sale, it’s a multi-faceted process with many intricacies. We’ve put together this guide to selling your house with the minimum fuss and at the best price. 

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What legalities come with selling your home?

With the average price of a house in London at more than £300,000, according to Right Move, it makes sense that there are some strict legal requirements when selling a home. Legal services provided in the real estate world are known as conveyancing. Whether you have a solicitor or a conveyancer to perform this for you is completely up to you.

There are a few things to consider before they begin their work, though:

- Get a quoted price and find out whether this is a fixed fee or if it is liable to change

- Check whether the quoted price includes VAT

- Find out whether you’ll be charged if a sale falls through

Once you have this information, you can make an informed decision regarding who will conduct your legal work for you. Whoever you choose will then have various responsibilities as to the legal aspect of your sale. These include drafting the initial contract, providing answers to the buyer’s questions, and negotiating and changing the details of the contract where necessary.

Once both parties are happy with the contract, they will sign the final copy. The transaction is legally binding, neither party will be able to withdraw from this contract without paying substantial compensation.

What mistakes are commonly made when selling your home?

It’s often surprising how many mistakes inexperienced people can make when selling their homes. Fortunately for you, we’ve highlighted some of the most common issues that hinder sales. If you can avoid these then you’re half way there.

First and foremost, make sure that you actually want to sell your home. This may seem obvious, but sometimes rash decisions lead to unhappy sellers. Thoroughly discuss the idea with your family and friends before you take any action. If necessary, chalk up a list of advantages and disadvantages. Do whatever you need to, just make sure that you won’t regret selling your house when it’s too late.

Don’t try to fool a potential buyer into thinking that the property you’re selling is something it’s not. The truth will come out. Highlight the good points, but be truthful. The last thing you want is for a sale to fall through at the last minute when the survey results come in.

house selling date

How can you make your home more valuable before selling?

Before selling your home, it’s worth considering ways you may increase the asking price. Or, at the very least, the likelihood of a buyer putting an offer in! You don’t have to completely overhaul every room to increase the value, even simple improvements can add value to your home.

Tidying up can work wonders to make your home more enticing for a buyer! Hide any bulky appliances, de-cluttering the garage and other simple tasks can help to generate interest when people view your house. A clean, fresh-smelling property can make the difference between buyers being disinterested and receiving an offer on the spot.

Consider:

- Vacuuming all floors and polishing all surfaces

- Re-organising the furniture to give the impression of more space

- Hide anything that looks out of place

- Clean all appliances inside and out

- Use scented candles or an air-freshener, to offer a welcoming smell to visitors

- Mow the lawn, trim the hedges and make the garden look presentable

There are lots of ways that you can make selling your home a little easier. If you truly want to increase your asking price, though, you may need to look into more permanent renovations. If you’re looking for an immediate sale, then adding a loft conversion or conservatory are out of the question. If you don’t mind waiting, however, home improvements like these can add major value onto your property.

sold sign

Can you sell your home without an estate agent?

For some reason, many people believe that the answer to this question is: “No.” It’s not true. It is definitely possible to sell your home without an estate agent, and you can save a lot of money by doing so. In fact, it’s never been as easy to sell without an estate agent as it is nowadays. That’s all thanks to the internet!

There are hundreds of ways that you can advertise that you’re selling your house, and only a few of them are limited to estate agents. Social media, Craigslist, and various online advertising boards are all cheap, or free places where you can post a description and pictures of your home. Just make sure that you provide all of the necessary contact information so that interested buyers can get in touch with you easily!

If you decide to go it alone when selling your house, you may need to recruit some friends and family to help out. It is likely that people will have different schedules than you. Without an estate agent to arrange house viewings, you’re likely to need support from your friends and family. After all, if you can’t cater to a viewing, then you may lose out on an opportunity to sell!

You may consider letting, rather than selling your home

You may eventually find that you’d rather earn passive income through renting your house out, instead of selling it. If that is the case, you will need landlords insurance. Fortunately, you can compare rates from some of the most popular insurance providers in the UK on our website and it only takes a few clicks to start comparing!

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