Christmas and New Year is a time of reflection for a lot of people who see moving into a new calendar year as a chance to make changes and grab opportunities, which is of course why so many properties go on the market in the first few months of the year as people decide to make fresh starts in a new home.
If you are thinking of selling up and buying a new home in 2016, have a read of our top tips on things to consider if you’re thinking of making the move:
- The biggest question of all is – can you afford to sell? Get your home valued so you are confident in what it is worth. If you are armed with this info you will know how much you’ll be left with once you’ve paid off your current mortgage. This will allow you to calculate the amount you can afford to put towards a deposit on your new property.
- Look around for the best mortgage rates and deals. Chat to a mortgage advisor about your best options to establish if moving home is affordable.
- Decide whether you want to buy a new home right away, or if you should consider renting for a time. While renting can be more costly, it will also give you some breathing space to find your next perfect home to buy, rather than feeling pressured into buying somewhere once you get an offer on your current property.
- Choose your estate agent and solicitor wisely! Check out www.gspc.co.uk where you can find a list of GSPC member firms in your local area as well as look at properties currently on the market.
- Do your research and get to know the local market place. Your GSPC member firm will be able to help you with this but it is always wise to be armed with knowledge on what sort of prices similar properties are going for in your area.
- If you have some time off over Christmas and New Year, why not take the opportunity to get your home ready for potential buyers in 2016? You don’t need to spend a fortune. A declutter and fresh lick of paint can be enough to brighten up your home and make it more attractive to viewers.
- Remember a ‘For Sale’ sign in the front garden won’t be enough to sell your home. Exposure is key. This is where a GSPC member firm will come into its own with a variety of marketing tools to promote your home. As well as advertising your property for sale on gspc.co.uk and in the GSPC Property Guide you will also have the opportunity to potentially showcase your home on the official GSPC Facebook and Twitter pages and have further potential to have your home featured as a spotlight property within the Property Guide.
- It can be a difficult process for some people, but try to keep emotion out of the way when preparing to sell. You have poured years of your time into making your house a home, but remember your taste might not match with that of your viewers. With this in mind, be prepared to ‘white wash’ your home to an extent ahead of viewings, avoiding too many personal touches. You want potential buyers to be able to envisage living there, which can be difficult if someone else’s personality shines through from every room.
- Make sure you are fully aware of all the legalities, fees and paper work involved in selling and buying. As a solicitor and estate agent you’re a GSPC member firm will be able to help you with this but it is worth making a list including mortgage requirements, Lands and Buildings Transaction Tax, solicitors’ fees, valuation costs etc so you aren’t met with any surprise costs.
- Take your time! Do your research and take advice from valued advisers. Don’t be pressured into accepting an offer lower than what you are comfortable with.