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How to sell a house

Selling a home can be a very daunting task. How do you do it? Who waits on what? Here we will show you all the steps in detail from when you choose your house up until you get the keys.

If you would like to Download our guide simply scroll to the bottom of the page.

So you want to sell a house.

Prior to 21 May 2011 it was compulsory to attain a Home Information Pack in order to sell your home. This is no longer needed, Due to this effectively being a government con to make some extra money it was scrapped when the housing market started to receed. In its place are Energy Performance Certificates. These we're included in the original Home Information Pack and are certificates in relation to how efficient a home is. The find an assesor either contact your advertising estate agent or find one HERE

 

Finish of DIY.

Before you even think about putting your home up for sale get those unfinished DIY jobs finished, repaint tatty looking parts of the house. If your DIYing includes energy efficiency efforts do this before get your EP certificates.

 

Private sale or through Estate agents.

After you have attained your EPC you then need to decide how your going to sell your home. Would you like to sell it privately and reap 100% of your sales, or would you like to sell your home through an estate agents?

Selling your home privately is the most profitable way and can be as easy as you make it. If your in no rush you could simply put a house for private sale sign in your front garden. Of course if your desperate to sell then you would have to find multiple ways of advertising to get the biggest exposure. If the buyer is making a cash buy, it could be as simple as signing over land registry certificates and handing over money, if for example they are a trustworthy source or family member. It would be advisable to get a valuation although this is not a legality. Aslong as the Mortgage company agrees with the valuation then there is no problem.

If you opted to let an Estate agent sell your property then this is simpler still. Everything else remains the same apart from you don't need to advertise your property. Despite what they may claim, an Estate agents sole purpose is to advertise a home for sale and act as a proxy between the buyer and seller.They will come round and take some photos, then have some leaflets made for you for a fee of approximately 2.5% of your sale price (£2500 on a £100,000 house)

Getting a Solicitor

Just like when you buy a house you also ned a solicitor for when you are selling your home. You can use the same solicitor to sell your home as you use to buy your home. But just like when your buying a home do not get the cheapest solicitor you can find unless they are reputable. Just like a slow solicitor can make the sale of a home fall through when buying, The same can happen when selling

Accepting an offer

The day comes and you either get a phone call from your estate agents confirming you have an offer or if your selling your own home the buyer contacts you. You don't have to accept any of these offers if your not happy with them. Generally you will receive offers less than the asking price. So if you are getting quite a few offers for less than your asking price that you arn't happy with then put your asking price up. There will be a happy medium of where incoming offers slow down in relation to the asking price. On the other hand if your getting no offers then you should bring your asking price down to increase your rate of offers.once you have an offer on your house either the buyer or seller can legally pull out of the sale up until the exchange of contracts. So make sure everything is in order an make sure everything goes through as quickly as possible so the buyer has no reason to pull out of the sale.

What to do after an accepted offer.

From this point on there isn't too much to do. Once you have accepted an offer either inform your Estate agents and call your solicitor explaining you have accepted an offer and give the details of the Estate agents to them. If you sold the house privately then you would have to get the name and address of your buyers solicitor and inform your own solicitor. Both of the solicitors can then communicate and arrange everything

Your buyer may wish to visit the property ans can do so when the exhange of contracts is complete, they may wish to measure up for carpets etc. or maybe just to come to have a noisy or a chat. Do not let the buyer have any work done to the house.

Completion day

Completion day is when the contracts are complete and the money is handed over. Up until now no money would have changed hands. On the day of completion the buyers solicitor would organise the mortgage to be transferred if a mortgage is involved and hand the deposit over to the sellers solicitor. It is simply a case of waiting for a phone call saying the sale has gone through and recieving your money. When thsis is confirmed you legally have to hand your keys over as your house now longer belongs to you.

Contents

10 secrets to buying and selling a home guide.

1.Introduction to the ten secrets
2.Your home and your life
3.Your housing history
4.Creating your housing profile
5.Learning about yourself - the personal factor
6.Family, friends and community - the social factor
7.Feeling "at home" - the tangible factor
8.The real deal about finances - the money factor
9.When housing value differs
10.Whether to move and when to move
11.To own or not to own, that is a good question
12.your stake and "the system"
13.Refinancing, remodeling and rebuilding homes
14.Investing in other homes
15.Selling and saying goodbye to a home
16.Relationship, natural and other disasters
17.overcoming moving stresses
18.Empty nests and retirement years

Tips and traps of buying a home guide.

1.Is this the right time to buy?
2.Whats your reason for buying?
3.What you can and cannot afford
4.Picking the right agent
5.Picking the right home
6.What about foreclosures?
7.Negotiating to win
8.What should you offer?
9.The all important purchase agreement
10.Closing the deal
11.Buy a lot and build
12.buy a fixer upper
13.Buy a FSBO
14.Buy a new home
15.Buy a condo or co-op
16.Reading sellers disclosure and home inspections
17.How to turn your credit around
18.A financing primer
19.Understanding real estate talk


Simply click buy now to get your 2 guides in one for £3.75 only!

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