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Selling your house can be a tricky affair – and that’s why you need to make sure you have everything you need when selling your home.
It is worth remembering that selling a property is not always straightforward, and almost every transaction involves different complications and challenges. Therefore, in addition to reading this blog, you should seek ongoing trusted advice and support from a professional with extensive experience selling houses.
A valuation on your property
You should not put your property on the market until you have an accurate idea of how much it is worth. You do not have to use an estate agent to put your property on the market – but even if you decide to go it alone, getting an independent, expert valuation on your house is essential, to make sure you get a fair price.
Most major UK high street estate agents provide valuations for free. Therefore, you do not incur an additional cost for getting your house valued – which is why it is a ‘no brainer’ to get a valuation.
It is recommended that you get several independent valuations of your property, before deciding (either on your own or with an estate agent) on the price you will list it at. This is because some estate agents will intentionally overvalue your property, to win your business, before slashing the price further down the line.
Make sure you have enough cash
In the short-term, selling your house costs money. Before the final transaction is completed and you receive money for the sale of your house, you need to take care of the costs associated with selling your house. This includes some of (but not limited to) the following:
- Estate agent costs
- Removal costs
- Conveyancing costs
- Energy performance certificate costs
There may be some additional costs such as a Mortgage Exit Fee, Surveying Cost or Capital Gains Tax.
If you are selling a £250,000 house and trying to keep costs down, you can expect to pay at least £4390 in costs. If you are selling a £750,000 house and trying to keep costs down, you can expect to pay at least £10,685 in costs.
And if you opt for a slightly more premium removal company, conveyancer and estate agent, the costs could be even more.
Therefore, you need to have the finances available to afford selling your house on the market. Or you can opt to sell your home fast to We Buy Any Home – we don’t charge any fees and cover costs such as legal fees and Energy Performance Certificates.
Energy Performance Certificate (EPC)
In the United Kingdom, you are legally required to get an Energy Performance Certificate when you sell your house. This certificate contains information about the energy efficiency of your property, and paying for one can cost anywhere between £35 to £150.
On the plus side, you can use your EPC to get a better price for your property, if the results are good.
Property Information Form (TA6)
A property information form (TA6) is an essential component of selling your property. This form gives your buyer key information on your house, which can help to speed up their decision on whether or not to purchase.
It is important to complete your TA6 form as accurately as possible, because any errors could result in further enquiries, which will slow down the overall conveyancing process.
A typical property information form will include (but is not limited to) the following:
- Disputes and complaints
- Notices and proposals
- Alterations, planning and building control
- Guarantees and warranties
- Environmental matters
There are several other aspects the TA6 form covers – including rights and informal arrangements, parking, occupiers, services, connections to utilities and services, other charges and transaction information.
Keep in mind that you are not legally required to complete a TA6 form and cannot be sued if you do not provide your buyer with one. However, it can be seen as a major red flag if you don’t and will turn away many of your potential buyers as well as slow down the buying process.
This may seem like an obvious one, but you should always be sure on your onwards plans before completing a sale on your property (if you occupy the property in questions). Whether you are purchasing another property, moving into rented accommodation, or staying with family/friends, it’s vital you have concrete plans on your next move before completion day.
Free up your time to ensure a smooth transaction
If you want the sale of your property to go well, you need to free up some time in the forthcoming weeks and months. It is strongly recommended that you book time off work on days of significance, such as:
- Open house days
- Meeting days (between you and your new buyer)
- ‘Tidying up’ and preparing for the sale
- Moving day
Therefore, you need to prepare for the time involved in these key steps. Establishing a temporary flexible work schedule at your workplace is a good idea – or otherwise, booking days off in advance.
Sell your home with WeBuyAnyHome
WeBuyAnyHome provides a guaranteed sale in a time frame that suits you. What’s more, we don’t charge any fees and cover all your costs, including your legal fees. We manage the whole process for you and guide you through each and every step. Speak to one of our expert property analysts receive your free, no-obligation cash offer.