The first step after you have decided that you want to sell your property is to invite an estate agent to value your home. This will give you a clear idea of what you can sell it for in the local property market and help you decide which agency you want to work with.
Questions to ask the agent:
- What are your fees? – this is usually a percentage of the asking price.
- How will you market my home? Are there any additional costs for different marketing packages?
- Do they have a list of buyers already interested in properties like yours?
- Once you have instructed the estate agent, they will need to collect the property description. This will involve:
- Conducting detailed measurements of each room in order to create a floorplan.
- Make notes for room descriptions.
- Photographing the exterior and interior of your property.
You will be asked to approve a description of your property before the property is marketed. Do not be afraid to ask for changes / additions if something in the description has been missed that you feel will attract potential buyers, or if you are not happy with one or more of photographs.
It’s important to be aware of some of fees and costs that come with selling a home that you’ll want to consider when budgeting.
Here are six costs to look out for:
- Estate Agents
Estate Agency Fees include advertising your property, as well as liaison with the other parties involved to get the sale through to completion.
- Mortgage exit fees
Check if there is a penalty for leaving your mortgage early. You might be liable for an exit fee or early repayment fees.
In England and Wales, it is necessary for the seller to provide an EPC for a property to potential buyers. This document regulates the energy efficiency of homes, “A” being the most efficient and ‘G’ being the least efficient. EPC stands for Energy Performance Certificate.
- Home Reports
These are important searches that can reveal information about a property that could influence whether it’s a good investment or not. There are different types of report, so it might be worth asking a professional to sort these out for you. To find Conveyancing Solicitors London, contact a site like Sam Conveyancing.
Conveyancing Solicitors London will deal with the legal aspects of selling your property, this is called conveyancing. The cost will depend on the sale value of your property, but much lower than the costs involved when buying a property.
- Removal costs
If you move to a new home do not forget to factor in the cost of moving. Costs will vary depending on how much you move and how far you move. Get two or three quotes and see customer reviews to select the most suitable removal company for your needs.