What do you need to think about before you sell your home?

Posted on Monday, October 21, 2019

It’s known as one of the most stressful times in your life, so take a look at our checklist to find out what you have to think about before you sell your home. 

Get your money sorted

If you’re thinking of selling your home and buying a new property, one of the first things you need to do is to talk to your bank or mortgage lender. If you already have a mortgage, you can find out where you stand, and from there how much you will be able to borrow for your next property.

If you’re a first time buyer, they’ll be able to help you work out how much deposit you need and how much you can borrow.

Find an estate agent

Talk to local estate agents, including Flatmans, of course! They will give you an estimate on how much your current property will sell for, and also give you an idea of how they would approach selling it. Take a look at our blog about how to choose an estate agent.

How much is my house worth?

You’ll get a guide from your estate agent, but of course it is your decision. You can also do some quick fixes to give your home a better chance of selling quickly and for more money, like decluttering. We have some more information about how to improve the value of your home here.

Sort out the legalities

A solicitor or conveyancer will have to be used to sell your home. Decide who you want to use before you sell, and instruct them after you have an agreed an offer in order to get the legal work rolling.

Time to tidy

Get your house decluttered to help ensure a smooth and quick sale. A clean and tidy house will help potential buyers make better decisions about your home.

Hide any piles of washing, magazines or children’s toys and make sure surfaces are relatively clear. This helps your rooms feel bigger and allows people to make their own judgements about the house on their own terms. 

What happens when you exchange contracts?

If you get an offer you agree to – congratulations! It’s time to exchange contracts. When you do this, you are legally committed to selling the property – and they are legally committed to buying it.

You can have a look at the legal process in more detail in one of our earlier blogs.

A date will be made for completion, and it’s time to get the legal documents sorted out.

What happens on moving day?

On the day of completion, the day that the property stops being yours and starts being the new owners, you will have need to organised removing your of your property from the house and ensure that the property has to be in the condition agreed in the contract, including all the fixtures and fittings.

Your solicitor will control of the transfer of money between buyers and sellers, and register the transfer of ownership with the Land Registry. Once that is complete, the new owners can move in. And congratulations – you’re in your new home!

Thinking about selling your house in the Reading or Langley area? Contact the Flatman Partnership to find out more about how we work and the homes we’ve sold in your area.