Process for Selling a House
Selling a house can seem like a significant undertaking. But you can break the process down into several smaller steps, each of which is relatively straightforward. Let’s take a look at the process of selling your home.
Step 1: Decide Who Will Sell Your Home
When it comes to selling your home, you have a number of options for who will sell it.
- Private Sale. A private sale is where you take responsibility for advertising your property for sale.
- Estate Agent. Estate agents can help you sell your property by advertising it to people in the market for a home, but you’ll have to pay a fee.
- Online Estate Agents. Online options can be cheaper than traditional estate agents.
Step 2: Price Your Home
Your home is unlikely to have the same value as when you bought it. You can have your property professionally valued, or you can guess an amount yourself based on prices in the surrounding area. Professional valuation ensures that you do not sell your home for too little.
Step 3: Prepare Your Home
Once you’ve advertised your home, people will want to visit. Follow good housekeeping rules to make your home as appealing as possible.
Step 4: Negotiate Contracts
Once somebody commits to buy, you’ll have to exchange contracts including details about what is included with the home (fittings etc.). Then you’ll transfer contracts at which point the buyer is legally committed to buying.
Step 5: Complete The Sale And Move Out
Once the paperwork is done, all that’s left to do is hand over the keys and move to your new home.