How to sell your home?
If you are in the market to sell your home, our step-by-step guide will take you through each step that you need to take during the process of selling your home. You can also find more details about the process by following the links within each section.
Figure out your finances
The first step is to get an idea of the actual value of your property. Compare neighbourhood properties similar to your home to get a rough idea of how much your home is worth. That way you will know how much money you are left with once you settle off the mortgage. You can take advantage of free valuation tools online to calculate the value of your home. Check with your mortgage lender to see whether you have to pay any early repayment charges for switching the mortgage to another lender or whether you can take it with you when investing in a new property – which is a process called porting.
If your mortgage deal is coming to an end or you plan to invest in a more expensive property, you would be better off with a remortgage deal. Speak to our mortgage partners free of charge to see how much money you can borrow and which lender offers the best deal for your conditions. The figures will be approximate at the early stages since you don’t how much your property will fetch, and you will only get a precise redemption figure or the amount outstanding for a new mortgage once you have the completion date after exchanging contracts.
You should plan every step in advance to avoid delays in the process.
Decide if you should rent a house next, rather than buy
Selling your property and renting a house for a while could increase your expenses over time. But the process will reduce the critical time pressures involved in investing in a new home. You don’t have to be in a hurry and compromise on your selling price and sell the property for less since you are not under pressure to complete your onward purchase.
You also won’t be rushed into buying a substandard house after finding a buyer for your current property. In fact, selling your current property and renting a house before buying a new property will release you from the housing chain and make you a more attractive buyer later on. I would recommend you take a look at Fourlabs and have a look at their services.
Choose an estate agent to sell your house
You can either sell your property yourself or use an online or local real estate agent to do the job. If you plan to use a local agent, research which one to choose.
Compare local real estate agents based on how quickly they can sell properties and how close they come to achieving the selling price. Find the best real estate agent to sell your property with our free local estate agent.