If you are a first-time buyer looking to sell your home and upgrade to something larger, you might need some tips on how to sell your home for the first time.
Sure, you’ve bought a home already, but selling has its own challenges and a different set of rules to follow. To find out how to sell your first home, read on.
Decide Whether to Sell at All
Before you make the decision to move home, you need to first look at the reasons you have for moving home. It may be that you are bored and simply want a new start, but will it be beneficial to you financially to do so at this point in time. If you feel as if you need to more space, before you decide on moving why not see if you have any scope to extend your current home instead. It will be less of a headache and you could find that you find it much better for you and your family than moving on somewhere new and uprooting everyone’s lives.
Count The Numbers
The next thing you will want to do is to check over your finances with your other half, and then also book an appointment with your mortgage provider to discuss where you are at financially and the current state of your affairs. Visiting your mortgage provider may also help you find out approximately how much your current home is worth. You can then decide on the value of the homes you’ve seen and liked and whether it is viable for your to transfer your mortgage from home to home, or simply open up a new one altogether.
Decide Whether To Rent As You Search
If you have a large family it may not be wise to rent a new place as you wait for your new home to be ready because it will involve a lot of moving around, but if it is just you or two of you; renting could take the stress off you as far as the time goes for selling your home and buying a new one. You won’t feel pressured because you won’t be living in the old home anymore.
Choose Your Estate Agent
Now that you have decided on selling- you need to work out whether you want to sell the home independently or with an estate agent. If you sell with an agent there will be extra fees, however you may feel as if you are in better hands than tackling it on your own.
Decide The Value
Do you research of the local area and see what homes nearby have been selling for recently. Take into account any work which will need doing to your home and the area you live in. Try to opt for a sensible price and if you want to sell quickly, drop the price a little bit.
Get Your Home Ready
You can find a great guide on how to prepare you home for selling here.
Accept The Offer and Exchange Contracts
Apart from the fact that you are selling rather than buying- the process of filling in the contract and exchanging is no different to when you buy.
This is a collaborated post.