Selling your house can represent a seismic shift in your life, causing you an enormous amount of upheaval and freeing up a substantial amount of money. This can be either liberating or disconcerting, depending on your point of view.
Naturally, there are several different factors that you need to weigh up before you start sales proceedings, such as where you are going to move to, how viable it is to move at this current time, and what the value of your home is.
This will subsequently require you to choose a real estate agent to work with, a removal company, perhaps the services of an accountant, and sort through the admin of changing addresses, schools if you have children, and potentially even your job.
This list of tasks can become overwhelming if you don’t break it down into smaller chunks and handle them individually.
To help, this is what you need to know if you’re thinking of selling your house.
Work out if moving is a viable option
The first question you need to ask yourself is whether it is even viable for you to sell your house at this juncture. While it can be tempting to take the lump sum of cash and move on to pastures new from time to time, it might not always be the best course of action.
For example, you may have a job requiring you to stay in the same area – with no hope of relocating to another branch or office in the future. While you may be willing to change jobs, this is a big risk and brings with it a demanding set of challenges. After all, trying to move house and job at the same time is incredibly intense.
If you decide that it is the right time to move, you must consider the logistics of how you are going to move. Using a removal company like Supreme Movers is likely the best course of action because they will handle both the organization and the heavy lifting for you.
Value your home
Once you have concluded that you want to sell your house and have worked out how the logistics will work, the next task to cross off your list is to value your home.
Without a rough understanding of how much you will receive for your house, you should not proceed. Many property sellers make the mistake of being overeager, shoving their property out onto the market, and quickly agreeing on a sale without having a working understanding of its true value.
This can lead to you either selling it far below its true value or holding out for months or years, demanding a price the house will never sell for.
Have a clear plan for where you want to move to
Obviously, you shouldn’t sell your house unless you have a clear idea of where you want to move to. This is because it will force you to plump for the first available house you find once your current property has sold rather than finding an area that is ideal for you.
Furthermore, you may be caught out by changing market conditions if you sell your current house without lining up a replacement. This can lead to you being stung by a high asking price or even being unable to source a mortgage.
