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A new home is likely to be the biggest purchase many of us will ever make. Therefore it’s important if you’re selling up in order to fund your new property that you get the best possible deal and save as much money as you can. Here are some tips on how you can do exactly that.
Selling Price
The first step is to get the asking price right. If it’s at the wrong price then you’ll have to wait longer for a sale and you will end up losing money. Check the prices of similar properties in your area at the point of sale, not just the advertised price. In the process you should also haggle with agents over the commission rate. If you get at least three different estate agents to value your property and negotiate a commission with them then you will be able to play them off and find the best deal.
You should be aiming to pay at most 1% of the value of your property, but don’t just pick the one that offers the highest valuation as that may be unrealistic and a way to catch your eye as a potential client. Alternatively you may look to an online estate agent like House Network as they tend to charge lower commission rates. Also be sure to take charge over the agent’s contract, checking how long it will run and making sure it doesn’t tie you to them for too long a period.
Do It Yourself
More and more people are selling their home privately, with websites available catering for them, charging a fee to people who want to list their property. This can save you money but at the same time it puts a greater burden on your shoulders as you will have to organize all the viewings by yourself as well as take on the task of negotiating for the best deal. Even if you are selling through an agent, a Home Information Pack will have to be completed and you can save money by doing this yourself. Bear in mind though that it must be done properly, including the terms of the sale, title deeds, planning permission information, as well as an energy efficiency report and a water and drainage check.
By taking a few small steps you stand to save good money which will come in very handy when moving home.
