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Selling My House What Really Happens During Valuations

Fly on the wall Hear Estate Agents – What Really Happens During Valuations

• Valuation: Get a professional valuation to determine a competitive asking price. Consider local property prices and market trends.
• Estate Agents: Decide whether to use an estate agent or sell privately. Research agents’ fees, reputation, and the services they offer.
• Home Improvements: Consider making minor repairs or improvements to enhance appeal. Fresh paint or tidy gardens can make a big difference.
• Energy Performance Certificate (EPC): Obtain an EPC, which is required before you can market your home. It assesses the energy efficiency of your property.
• Legal Considerations: Hire a solicitor or conveyancer to handle the legal aspects of the sale, including the sale contract and transfers of ownership.
• Property Information Form: Complete the property information form accurately, providing details about the property, boundaries, and any issues.
• Viewings: Prepare for viewings by decluttering and cleaning. Consider timing and how to present your home.
• Negotiation: Be ready to negotiate with potential buyers. Understand your bottom line and be flexible where possible.
• Offers and Acceptance: Once you receive offers, assess them carefully. Remember, the highest offer isn’t always the best if the buyer isn’t financially secure.
• Chain Considerations: Be aware of any property chain involved. Delays can occur if you’re dependent on someone else’s sale.
• Tax Implications: Understand any potential capital gains tax liabilities, especially if the property isn’t your primary residence.
• Moving Logistics: Plan your moving logistics in advance, including timelines and hiring removal services.
• Final Checks: Before completion, ensure all documentation is in order and that any agreed-upon repairs or conditions are met.
• Market Timing: Consider the best time to sell based on market conditions and seasonal trends.

Personal Circumstances: Reflect on your personal situation and timing. Selling can be emotional and stressful, so ensure you’re ready for the process.

Resources:

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