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How to Avoid the 10 Worst Property Selling Mistakes England/Wales This Guide is Brought to You by www.TheAdvisory.co.uk
One of the more disappointing mistakes you can make as a home mover is to set your heart on a new home, have your offer accepted and then find yourself in a position where you need to rush to sell your current property. This is a poor situation to find yourself in on 3 counts:
What happens if your current house doesn’t sell as quickly as you thought it would? You can quite easily find yourself in a position where you’re required to pay-off two secured loans at the same time (and remember the interest rates for “bridging loans” are more expensive than regular mortgage rates). The best remedy is to wait until you have received an offer on your current property before you start any serious house hunting (that way there’s minimal chance of “falling for” your new home until your sale is well & truly underway). Up until this point limit yourself to general research only & before you put your house on the market make sure you know:
Alternatively (and we realise that at first this may seem like an unpopular idea) the safest course of action is to sell, rent and then buy. The only downside (besides the added hassle of organising a rental) is that if it takes a long time to find a new home (say 3-4 months) prices could have moved on to such an extent that your buying power may be reduced. To avoid this, answering the 5 questions mentioned above is essential. It’s the best way to ensure your house hunting efforts are fast, focused & effective.
Use the links below to see the other mistakes Mistakes 1 - 2 - 3 - 4 - 6 - 7 - 8 - 9 - 10
At TheAdvisory you will find guidance on how to – Sell via estate agents, sell property privately and sell a house fast for cash. You will also find information on property valuation and the UK conveyancing process. Copyright © 2007 www.TheAdvisory.co.uk |