What do I need to know when I sell my house?
Knowing about –
- Important documents
- Asking prices
- First impressions
- Timeframes will help you when selling your house to stay on top and in control.
Because there is so much to learn and many tedious processes to go through, selling a home can be a highly complicated and difficult process. We at Medway House Buyers wanted to put together some information to help because we know it may be frustrating, especially if you’re unaware of the data you need to have on hand or its importance.
What documents are needed?
- Proof of your identity
To comply with anti-money laundering legislation, this can be something like a utility bill and a form of photographic identification to confirm you are who you say you are.
- Property title deeds:
If you don’t already have a copy, you can request one from the lawyer you employed to purchase the home. This will demonstrate your ownership so that you are able to sell it.
- Freehold/leasehold documentation:
Regardless of whether your home is freehold, which means you own both the property and the land it is built on, or leasehold, which means you only own the property, you will need the relevant papers to confirm this and to explain any potential expenses to your buyer.
- EPC:
Your Energy Performance Certificate must be up to date and accurate every ten years in order to be included when you sell a property.
Is an estate agent needed?
The majority of homeowners believe that they must use an estate agent to sell their home, but there are methods you can do yourself if you’d prefer to. Homeowners frequently complain about the estate agency costs they must pay, which may be as much as 6% of the sale price or even more, depending on their rates.
Due to this, some homeowners decide to employ rapid sale organizations like Medway House Buyers, who don’t charge any fees and allow you to keep the entire sale price, to sell on their own terms.
Asking prices
If you choose an agent to sell your home, they will often assess it and provide you the worth so you can determine the asking price. It’s crucial for homeowners to understand that when estate brokers go through this procedure, they nearly always give your home a higher value. This has two effects: it pushes you to sell with them because you’ll believe you can obtain a better price with them, and if you proceed, it increases their share of the sale.
The asking price is typically a buyer’s starting point when submitting an offer on home, and real estate brokers are aware of this. They will propose a larger value to counteract this, but it frequently backfires. You’ll probably lose the interest of potential buyers if your asking price is higher than those of comparable properties in your neighborhood. This means that your home’s value could decline if you let it languish on the market for months with little to no interest.
Medway House Buyers can help you sell your home!
By being aware of this, you may prevent these problems and recognize the significance of getting your asking price right away.
First impressions count
We anticipate that not every home will be ideal while viewing. Many people have inquired as to what condition a home must be in in order to be sold.
While your home doesn’t have to be in pristine condition when you sell it, there are several things you can do to raise interest and increase the likelihood of a sale:
- Stage your house:
This is a wonderful approach to make your home seem its finest and appeal to viewers the most.
- Redecorating:
Before listing a home for sale, some homeowners choose to totally redecorate it. If you are unable to do so or don’t want to, however, a few small changes can sometimes have a big influence. A fresh coat of paint on the walls can transform the interior significantly and encourage more buyers to make an offer.
- Repair any issues:
Every home has flaws, but anything that stands out too much could turn off potential buyers and prolong your waiting period. Common examples include cracked tiles or damaged walls; if these can be fixed quickly, it will help the home sell more quickly.
Timeframes
In particular, for someone who doesn’t have that much time to wait, the average time it takes to sell a house on the open market is over six months. For homeowners who need to sell more quickly—whether to prevent a break in the chain or avoid having their property repossessed—alternative options are available.
Medway House Buyers will work within your schedule to assist individuals searching for a quick and simple sale. We can make you a free cash offer today and can buy your house in as little as 7 days!
