Buying or selling a property is the most stressful part of modern life, according to a recent report. The anxiety of moving is rated as worse than being made redundant or even getting divorced. The reasons for the sleepless nights include the huge sums involved, slow solicitors and the risk of the deal falling through, to name but a few.
1. Consider holding an open day
Holding viewings can be disruptive and it’s stressful having to keep your home tidy all the time. One way round this is to hold an open day. This can create a buzz around your property and help find a buyer in a short space of time.
2. Get a good solicitor
Don’t shop solely on price: the cheapest solicitor is unlikely to be the best. Engage one who has been recommended to you and knows the area you are selling or buying your home in. This is likely to be the biggest transaction you ever undertake so getting the right solicitor is important.
3. Put your home on the market for the right price
You will want to maximize the amount you sell for, of course, but if your asking price is too high you risk having it on the market for months on end. Worse still, it can get stale so may not sell even if you later reduce the price. Make sure your estate agent can justify the asking price they suggest to you.
4. Instruct your solicitor as soon as your home goes on the market
Ask your solicitor to prepare a draft contact and apply for the title deeds before you have even secured a buyer. This can shave weeks off the time it takes to exchange contracts.
5. Get all your paperwork in order
Your buyer will want to see all the planning permissions, building regulations consents, FENSA and other guarantees relating to your property. Having this paperwork to hand can save frustrating delays on your sale.
6. Ask your agent questions
Buying or selling a home is complex and stressful and it’s not always easy to know what’s going on or why it is being delayed. Don’t be shy to tap into your agent’s expertise to find out what is going on or to explain the reason for any hold ups.
Sam can be found at our office on 104 Southampton Row, London WC1B 4BN. You can contact him on 020 7405 4444 or at firstname.lastname@example.org.