Guide to selling your home
There are many reasons why you might be considering moving house; downsizing, getting a bigger home, relocating due to a new job or looking to release some funds. Whatever your reasons, once you’ve decided to sell, this guide will help you navigate through the three main aspects of selling your home.
1. How much is your house worth?
The first port of call for most homeowners is finding out what your property is worth. This is essential to start looking for a new home as a valuation will help you understand how much capital you will have to play with.
Estate agents know the local housing market and are best-placed to tell you what your house is likely to sell for and you shouldn’t have to pay for this. Get three agencies to come and provide you with free valuations so you can ensure they’re on the right track. The benefit here is their expertise and the ability to discuss your requirements with them. Get a free valuation with Nottingham Estate Agency today.
2. Do you need an estate agent to sell your house?
As with most things in this day and age with phones at our fingertips, anyone can theoretically sell their home. However, moving house is within the list of things that stress us out the most*. In 2015, Energy company EON found that on average, Brits went through over three months of stress per home move**, so why would you want to add to that by being your own estate agent?
If you’re not sure what the benefits of using an estate agent are, we have a great list of the 10 reasons to employ the services of a trained property professional.
But, what makes Nottingham Estate Agency and Harrison Murray the right choice? Let us tell you.
3. Budget for your sale
Make sure you know how much selling your property is going to cost you. Costs can vary but the following will give you a basic idea.
Energy Performance Certificate (EPC)
Before you can put your property on the market you must get an EPC. This contains information about a property’s energy use and gives it a rating from A (most efficient) to G (least efficient) and is valid for 10 years. This is something you can arrange yourselves or an estate agency can provide. An EPC normally costs up to £120 but if you budget for the higher end and you could be left with some change!
Estate agency fees
There is a charge for estate agency services and costs vary, with some charging a percentage of the sale and others offering fixed fees. You will need to agree this before you sign a contract.
Conveyancing and legal fees
You will need the services of a solicitor to help with the legal aspects of selling your property, this is called conveyancing. Conveyancing costs can vary. You may want to obtain a written quote from different solicitor firms to make sure you are not overpaying. If you’re selling and buying a property you may be able to negotiate a discounted price. We offer all services under one roof including conveyancing and we can give you all the costs upfront.
You may need to hire the services of a removal company or hire a van. Costs will vary depending on how far you need to move and the amount of items you need to move. Shop around to get the best quote.
Current lender fees
Always check to ensure that you don’t have any early repayment charges or administration fees when paying off or moving (porting) your mortgage.
There we have a guide to selling your home. From getting a valuation on your home to selling with an estate agent and the fees that you'll have to consider. Nottingham Estate Agency and Harrison Murray offer free valuations and we work on a 'No Sale, No Fee' basis. Give us a call or visit your local estate agency branch to find out more about our services.