We talk a lot about the trials and tribulations of being a first time buyer, the only journey that can be even more difficult to navigate, is being a first time seller. So, if you are considering selling your first home, it is important that you understand the process as much as possible before you enter into it.
At Hamptons our sales experts are experienced with helping vendors no matter how many times they have sold in the past, we are here to hold your hand and guide you through the process as much as you need.
If you are thinking about selling your first home, take a look at our top tips for first time vendors.
1. Preparing your home to sell
It is important that your property is looking its best when it comes to market, not only for viewings, but also for the photographs. The photographs of your home will be the first thing a potential buyer sees, and you want your property to attract as many potential buyers as possible. So, make sure your home is clean, de-cluttered, bright and feeling spacious before you even consider putting it on the market. And, once your house is on the market, it’s important to try to keep it as tidy as possible, after all you don’t want to constantly be running round cleaning up before a last minute viewing!
2. Do the maths
Make sure you work out the total cost that you will incur with selling your home. Taking into consideration, estate agency fees, mortgage fees, legal costs, removals, the list goes on. And, this is before you have even thought about the potential costs that come along with buying and moving into your new home.
3. Finding your new home
The age old question – do I buy before I sell, or sell before I buy? Well, we would always advise you to put your house on the market and get an offer, before setting your heart on a new home. If you have already accepted an offer on your current property, you are a much more appealing buyer and are far more likely to get your offer accepted on your new home.
4. Choosing the right agent
Firstly, research the estate agents in your area, looking on the property portals to see the agents who typically sell properties similar to yours, this will help you to narrow down the list. Then we advise you invite at least three estate agents out to value your home, you might be tempted to go with the agent who values your property the highest, but be wary of this, the last thing you want is to put your home on the market at a price that is far too high, so be realistic taking into consideration your research and how much similar properties are on the market for in your area. Finally, it is all about the individual, you will be dealing a lot with this person over the coming months, so make sure you trust the company and person that you choose.
5. Offer stage
This is where it gets exciting, you have had an offer! But, don’t get too over excited and feel you need to respond instantly, it is completely normal to take a day or two to consider. And, it isn’t just the money you need to take into account, make sure you find out all the details; whether they are cash buyers, do they have specific time frames etc.
We also recommend before you even get to the offer stage, that you consider the lowest price you would accept for the property.