{"id":269,"date":"2022-02-02T02:51:22","date_gmt":"2022-02-02T02:51:22","guid":{"rendered":"https:\/\/www.yopa.co.uk\/homeowners-hub\/?p=269"},"modified":"2022-02-02T07:05:03","modified_gmt":"2022-02-02T07:05:03","slug":"thinking-of-selling-your-home","status":"publish","type":"post","link":"https:\/\/dy36-2.stage.yopa-dev.co.uk\/homeowners-hub\/thinking-of-selling-your-home\/","title":{"rendered":"Thinking of Selling Your Home \u2013 What Next?"},"content":{"rendered":"\n

Before we get started on the first steps you need to take when\nselling your home, have you considered whether you actually need to move? We\u2019ve\nlisted the most common reasons for wanting to move below, along with some\nthings to think about for each reason:<\/p>\n\n\n\n

\u201cI need more space\u2026\u201d<\/strong><\/p><\/blockquote>\n\n\n\n

Have you considered extending, converting your attic or\nusing the space beneath your home for a basement room? This might seem like a\nbig investment, but it could actually save you money in the long term. Moving\nis expensive but adding value to your home can often pay for itself.<\/p>\n\n\n\n

\u201cI want to make an offer on my dream home\u2026\u201d<\/strong><\/p><\/blockquote>\n\n\n\n

It\u2019s easy to get carried away when looking for your next\nhome, especially with online portals like Rightmove at your fingertips 24\/7,\nnot to mention open house visits becoming an increasingly popular pastime!<\/p>\n\n\n\n

Make sure you aren\u2019t being swept along by a passing phase, because moving can often be a stressful time.<\/p>\n\n\n\n

\u201cI\u2019m moving for work\u2026\u201d<\/strong><\/p><\/blockquote>\n\n\n\n

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Have you thought about renting out your current home? If it\nis a temporary relocation (such as a secondment), this could be a great option\nfor you. If you\u2019re planning on leaving the area permanently, renting your house\nto tenants could still be a good alternative just in case the new job and\/or\nlocation doesn\u2019t work out exactly as planned.<\/p>\n\n\n\n

For more information to help you decide whether you should\nsell your home, be sure to check out our various selling guides<\/a> on the\nYopa Homeowner\u2019s Hub.<\/p>\n\n\n\n

If you\u2019re still set on moving after you\u2019ve considered your\noptions, then great; moving home is an exciting start to a new chapter! <\/p>\n\n\n\n

The next step is turning your thoughts to your finances.<\/p>\n\n\n\n

Figure out your finances<\/strong><\/h3>\n\n\n\n

Getting organised and planning the steps you need to take\nfinancially is the best way to avoid getting held up when moving home.<\/p>\n\n\n\n

The main focus here is sorting out mortgages, both current\nand future. Once you\u2019ve decided to sell your home, it\u2019s important to inform\nyour mortgage lender. Finding out how big your outstanding mortgage is and whether\nthere are any potential penalties for early redemption is the next step. You\nalso need to consider what size mortgage your new home requires, so chat to a\nmortgage lender about how much they would be willing to offer you or if there\nare any options for transferring your existing mortgage. This is referred to as\n\u2018porting\u2019 your mortgage.  <\/p>\n\n\n\n

Other than that, you need to get a rough idea of how much\nyour current house is worth. Checking out the house prices<\/a> of other\nsimilar properties in the area is a good way to get an estimate for your asking\nprice, as is an instant\nonline valuation<\/a> tool. For a more accurate valuation, you could make the\nmost of estate agents who offer free in-person valuations<\/a>\nwith no obligation.<\/p>\n\n\n\n

At the early stages, don\u2019t worry about establishing an exact\nfigure; you\u2019ll decide on this further down the line once you have spoken to a\nnumber of agents and compared various quotes. <\/p>\n\n\n\n

Who will sell your property?<\/h3>\n\n\n\n

There are three main ways to put your home on to the market:\nprivately selling it yourself; using a traditional estate agent<\/a>;\nor opting for an online or hybrid estate agent.<\/p>\n\n\n\n

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If you want to take on the challenge of selling your home\nprivately, then see our guide on how to achieve a successful sale yourself here<\/a>.<\/p>\n\n\n\n

If you are most familiar with high street agents and want to\nchoose this option you can read more about estate agency fees here<\/a>.<\/p>\n\n\n\n

Deciding on an online or hybrid estate agent is becoming a\nmore popular choice with today\u2019s homeowners thanks to the significant savings\nyou can make. Take a look at how to sell your home online here<\/a>.<\/p>\n\n\n\n

Get your paperwork in order<\/strong><\/h3>\n\n\n\n

Fortune favours the organised. Or something to that effect\u2026<\/p>\n\n\n\n

In short, you want to make sure that you\u2019re gathering up any\nand all information related to your home. This includes mortgage paperwork,\nhandbooks for any white goods, any correspondence regarding property boundaries,\npaperwork from the council about flooding risks\u2026 anything you can think of\nreally! It will all come in handy during the conveyancing process.<\/p>\n\n\n\n

This information also helps your estate agent write the best\nlisting possible, and in particular they\u2019ll be looking for:<\/p>\n\n\n\n