Selling your House 2024 by Heather Hilder on February 19, 2024 Selling your House 2024 Selling your house this year? When you sell something, it can be relatively simple. However, selling a house is not as simple. There is a lot of legal work, provisions to make, and unexpected fees that need to be accounted for before putting your house on the market. You must be prepared to put in some money to make the sale. If you’re planning on selling your house in 2024, these are some of the basics that you need to be aware of before calling your estate agent. Pre-prep of putting your house on the market Make a checklist of all the things that you need to do and appointments that you need to make. This will help the process go more smoothly and keep you on-track. Make appointments There are many people that you are required to get in touch with to ensure that your plans to sell your home are on track. This includes getting in touch with removal companies if you have assets to transport. Your estate agent can put your house on the market. Don’t be hasty and select the first option that you see, shop around for the ones that meet your expectations the best. Prepare documents Draw up your legal paperwork before putting your home up for sale. Contact all the necessary providers to get your documents in order. Include things like your lease, the Title deed, EPC, and Proof of Ownership – just to name a few. Leasehold property Speaking about the lease, you really should check how many years are left on the lease if your property is leasehold. You can use a lease calculator to find out how much time remains on your leasehold. If the remaining lease is a short period, then before selling the property, you can request to have it extended. Prepare an inventory This will ensure that when you move home, all your assets are accounted for. Go around your home and make note of your belongings when you are packing up for your move, especially those which have large values attached to them. When you move to your new property, you can use this inventory to check if everything is in order. Basic costs that come with selling a house: There are fees that you need to be aware of, and budget for, when you sell your home. Conveyancing Conveyancing relates to the legal aspects of selling your home. You will need the assistance of a solicitor or conveyancer to aid with this process. They either charge you a flat rate for their service, or they may charge you a percentage of what your home is worth. Removal This is a service that you will hire to remove your assets from the property and transport them to the new location. Different services charge different fees, and the amount of assets that you are moving can be factored into the fee. Estate agent fees If you choose to sell your home through the assistance of an estate agent, then you will have to factor in their fees to aid you in the process. You will usually be charged a percentage of the sale price, although some agents charge a fixed fee (which may include added extras) . You can compare estate agents to get the best rates for you. Energy Performance Certificate (EPC) The seller must obtain the EPC, before marketing your property to sell. The cost of an EPC varies per provider, so find the best deal in advance. Survey fees In the case where you’re moving to another property, with a mortgage, a surveyor will conduct a survey of the property (sometimes simply a drive-past) and provide details to your conveyancer. You may decide to have a ‘Full Structural Survey’, which is an in-depth inspection of the condition of a property. In this case you will receive tailored advice on any issues that the building and grounds have. This survey alerts you to guidance on the repairs and maintenance required, some of which may be costly. These services charge a varied fee based on the size of the house and price of the property. Potential extra costs to be aware of And there may be more costs that crop up whilst selling your home. Preparation costs, fees for loan cancellations, Capital Gains Tax, or Inheritance Tax. We always recommend you speak to your estate agent (who will direct you to a professional in the field of tax or mortgages) so that these types of fees don’t catch you by surprise. And Finally Selling a house is a complicated transaction and you may be caught unawares. If you’re planning on selling your house in 2024, find out how much your property is worth, and plan carefully. Or call Callaways on 01273 735237 to book your market appraisal.
