Helping UK new home buyers
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If you are selling an existing home you will need to make it as attractive as possible to potential buyers. This may sound obvious, but many people do not realise how their home is presented to strangers seeing it for the first time. Follow the tips below to give yourself the best chance of finding a buyer quickly.
If you set the price too high there will be little interest. If you then reduce the price it could look like you are desperate and may attract even lower offers. Check out what similar homes sold for in your road using Zoopla or OurProperty websites.
The first time buyers will see your home is in a picture in an estate agent’s window or on the internet. Make sure you have good pictures, taken on a sunny day. Include some internal pictures and those of good views if you have them.
Get the house builder to Part-Exchange. This will save you all the trouble and expense of selling your current home yourself. However, some builders offset this benefit against other incentives or discounts that may be available.
Ensure that your property is on the market in the Spring in time for the Easter and May Bank Holidays. You will have the best chance of selling at this time. The weather is better, people have additional free time to view and it is before the traditional summer holiday season. People do not generally want to view homes during the dark cold winter months.
Despite the ease and cost-effectiveness of selling your home yourself by marketing it online, it is surprising how many people still use a traditional local estate agent. You need to be mindful that you negotiate the commission rate in advance and get at least three independent valuations before deciding the asking price. Commission rates vary geographically with a national average of 1.5% according to the National Association of Estate Agents. All agents will claim they do not negotiate on fees, but most will! The Office of Fair Trading has published a useful a guide for selling your home.
Ideally, they will be after a 2%-2.5%, Sole Agency agreement for six months. However, there is no reason why this could not be for six weeks or less. If you then discover the agent is not performing you are free to switch without cost. It is probably best not to tie yourself to one "Sole Agent". It is worth paying a bit more commission so you can change agents if necessary. A good way of ensuring your agent works for you is to agree say a 1.5% commission up to the guide price and 2% for anything above that.
With local estate agents charging an average of 2% of the sale price, (a total of £6,000 (including vat) for a home selling for £250,000), many people are choosing to sell their home themselves, marketing their home online and saving thousands of pounds by using one of the online agents charging a flat fee between £200 and £900 depending on the services provided. Sellers should not be taken in by anything local estate agents say to justify their sky-high fees and you have nothing to lose by using an online agent.
sellahouseonline.co.uk for example offers three ways to do this:
With housesimple.co.uk Prices start at £114 (or £21 per month). For this you get photographs, measurements, floor plan and viewings organised. If you want your property listed on property websites including Rightmove and Zoopla it costs an additional £150 for 6 months. With all the necessary ‘extras’ added the overall cost equates to £474 including vat. For more information on selling your house yourself
This is a link to a popular forum that not only enables you to share your experiences with others, but we also have a place where you can advertise your home for sale FREE for 6 months.
Decide what fixtures and fittings you are going to sell with the house. Include some at an additional cost; these can then be given as part of the deal during negotiations. Most people do not want to take carpets with them so always include these with the sale. You will not want to be taking up and dumping old carpets on moving day.
A lot of people will ‘drive-by’ view from the outside before making an appointment to view. You do not get a second chance to make a first impression. Pay particular attention to your front door. Clean or re paint it if necessary and polish any brass fittings. If your front door looks in pristine condition, your buyer will think the whole house is. Consider adding some planted tubs. Make sure your door bell works!
People need to imagine themselves living in your property. It is a good idea to pack away photos, personal items and any collections or hobbies
You will have to do this before moving anyway. Clear your home of clutter. Remove papers, magazines and dirty or drying laundry. Empty any bins and put them out of site. De cluttering can make a room look bigger.
Make sure your house is clean and tidy at all times. Pay particular attention to bathrooms, toilets and the kitchen. It is usually women who make the decision to buy in most cases! Do not leave washing up in the sink or on the draining board. Ensure the windows are spotless for each viewing, especially patio doors or picture windows.
Unfinished DIY will put off buyers, encourage them to make lower offers and a survey or Home-buyers report will highlight all work that needs doing.
Avoid trying to market an empty property
House builder’s always furnish their show homes! People will find it more difficult to imagine how a room will look furnished.
|Do's and Don'ts when buying a new home|
|Types of new homes available|
|Buying an apartment|
|Advantages of buying a new home|
|Disadvantages of buying a new home|
|New home buying procedure|
|Questions to ask the builder|
|Regulations to protect buyers|
|Consumer Code For Home Builders|
|Never use housebuilder solicitors|
|Property title deeds|
|What to look for when buying a new home|
|When to buy a new home|
|Builder's optional extras|
|Buying in a recession|
|New home warranty|
|Buying an apartment|
|Considerations when buying a flat|
|New homes can be bad for your health|
|Why buyers avoid new homes|
|Consumer Code Dispute Resolution|
|Claiming Compensation - Adjudication Scheme|
|Tricks of the showhome|
|Sales advisors and sales centres|
|Timber frame construction|
|Timber frame new homes|
|Timber frame - what you need to know|
|Quality issues with timber frame homes|
|Fire and timber frame new homes|
|What the NHBC does|
|The cost of moving to a new home|
|Tips to sell your existing home|
|Health and safety|
|The site manager|
|Advice on renting a home|
|Air Source Heat Pumps|
|New stamp duty calculator|
|Scotland LBTT calculator|
|Removals and moving home|
|Packing and planning the move|
|Checklist for change of address|
|Choosing a mortgage|
|Avoiding mortgage refusal|
|Help to Buy|
|How to save on home insurance|
|Home insurance policy conditions|
|Flood insurance claim|
|Renting do's and don'ts|
|Section 106 Agreements|
|Community Infrastructure Levy 2010|
|After you move in|
|DIY and home improvement|
|Choosing a tradesman|
|When you find problems|
|How to complain|
|Making a Subject Access Request|
|Taking a builder to court|
|Regional Managing Director 1|
|Regional Managing Director 2|
|Executive Chairman 1|
|Executive Chairman final letter|
|NHBC warranty claim|
|Subject Access Request|