Thinking of moving? Ask these questions
THINKING of moving home?
Do you actually need to move home? Have you answered all the questions as to whether that’s the right move for you?
If you think you need more space, have you considered extending, converting your attic or using the space beneath your home for a basement?
This might seem like a big investment, but it could actually save you money in the long term.
Do you want to make an offer on your dream home? It’s easy to get carried away when looking for your next home, make sure you aren’t being swept along by a passing phase, because moving can often be stressful.
Moving for work? Have you thought about renting out your current home? If it’s a temporary move; this could be a great option. If you’re planning on leaving the area permanently, renting your house to tenants could still be a good alternative.
If you’re still set on moving after considering these things, then great; moving home is the start of a whole new chapter. The next step is turning your thoughts to your finances.
Once you’ve decided to sell your home you need to consider what size mortgage your new home requires, so chat to a mortgage lender about how much they would be willing to offer you or if there are any options for transferring your existing mortgage
Get a rough idea of how much your house is worth.
Checking out house prices of other similar properties in the area is a good way to get an estimate
Who will sell your property?
There are three main ways: privately selling it yourself; using a traditional estate agent; or opting for an online estate agent. If you want to sell your home privately, make sure you understand all aspects of the process.
High street agents have a wealth of knowledge it’s a good idea to tap into.
Get your paperwork in order. Gather up any and all information related to your home. It will all come in handy during the conveyancing process and also helps your estate agent write the best listing possible.
Renting can be a great option during a transitional period, as it reduces the time constraints of securing your perfect new home.
It’s also worth remembering that by renting you’ll also be breaking out of the housing chain, meaning that you’ll be a more attractive buyer.