Are you thinking of putting your house on the market in 2017? Whether you’re looking for a larger home for your growing brood or you’re hoping to downsize to a property with a smaller, more manageable garden, there are a few things to consider before you put your house up for sale. Keep reading to find out more.
Why do you want to move? If you need more space, it’s worth considering whether or not you can add an extension to your property or convert your attic. If you love the area you’re living in, don’t give up on your home too quickly. If you’re willing to put up with a few months of construction, the solution to your problem could be closer to home than you realise.
Before making the decision to move, you should always take the time to thoroughly research the housing market. If your reason for moving is the need for an extra bedroom, you may find yourself priced out of larger properties if prices are rising quickly and your home doesn’t sell quickly. If you’re at all unsure about the property market in your area, it’s always best to consult a local property expert. They will be able to provide you will the most up-to-date property sales information for your local area.
You’ve done your research, explored all your options and you’re confident that now is the right time to sell. Before you go any further, you’ll need to arrange a property valuation. This will give you a rough idea of how much money you will have left over once you have paid off your outstanding mortgage balance (and whether you can afford to sell).
Contact your mortgage lender to find out how large your outstanding mortgage balance is and if any early repayment penalties apply. It’s worth remembering that many mortgages are portable – which means they can be easily transferred from one property to another. Find out more about porting your mortgage in this excellent post by the HomeOwners Alliance.
If you’re thinking of selling your home, it’s important to find an experienced estate agent with plenty of local knowledge. They will be able to answer any questions you may have about the local property market and ensure that your property is advertised in ways that will appeal to your target market.
Selling your property in Lancashire? At Weale & Hitchen, our local property experts will guide you throughout the entire sales process, from valuation to completion.
For more information about how we can help you get the best price for your home and arrange a swift, hassle-free sale, contact your local office today. Alternatively, use our online contact form to arrange your FREE, no-obligation valuation.
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