Preparing to sell your property – a helpful guide

1. Property evaluation

Have your current property valued to see how much it might be worth with a FREE valuation with Michael Jones Estate Agents. Our experts will give you a good idea of how the local property market is currently performing and provide you with a realistic asking price. This will help you work out your finances and, with the assistance of your mortgage broker, you’ll be able to put a budget together for your next property.

2. Finances organised

Let your mortgage broker know that you’re considering selling and find out how big your outstanding mortgage is and if there are any penalties for paying back your existing mortgage. They will be able to look at the mortgage options available to you, so you’ll know the budget available for your next property. If you plan on purchasing a new-build home, your broker can also give you information and advice on the mortgages you’ll be eligible for.

It’s important to consider all the fees associated with moving, of which the principal costs are noted and can be budgeted for below:

• Estate Agency Fees
• Financial Advisor Fees
• Legal Fees (Conveyancing)
• Stamp Duty
• Energy Performance Certificate (EPC) Costs
• Removal Costs
• TOTAL COSTS

Our expert team work alongside Independent Financial Advisors and can arrange for you to have a free initial chat to help determine your borrowing and repayments. We can also help you obtain a quotation for legal fees, removals, and an EPC. If you’d like this organised, call us today.

3. Instruct a solicitor

You’ll need to instruct a solicitor to conduct the conveyancing process and handle all of the legal work to transfer ownership of the property to you. To save time, we recommend choosing your solicitor around the same time you choose your estate agent. However, you can only instruct them to start work once you have a formal offer.

4. Selling before you buy

If you’re selling your property, chances are that you’re also looking to buy. To avoid disappointment, and potential property heartbreak, we advise you to find a buyer for your own property before you start looking for a new one. Usually waiting until you have a buyer lined up will also put you in a stronger position to negotiate on your dream home.

5. FREE instant online valuation

For those of you that would like a valuation now to receive an approximate figure based on basic information such as your address, number of bedrooms, and the type of valuation – sales or lettings – you can submit a FREE instant online property valuation request and a report will come back to you in seconds.