Tips & Hints for First Time Sellers To Get The Most Out Of Moving
This is our weekly catchup on matters which impact the market today & this week deals with advice for FIRST TIME SELLERS.
Both I, Jacqui B & our valuer David have been estate agents for over 30 years. This has given us a diverse skill set to be able to share the best ways to handle situations that you may find stressful in the house selling process.
This week we are chatting about FIRST TIME SELLERS. Everyone has advice for First Time Buyers from parents, to friends & practically anyone who you want to share your excitement with.
Both David & I have found that First Time Sellers are less likely to ask for advice or clarification on the process. They feel that once they have bought a property that they should know all that there is to work their way up the property ladder. NOT TRUE!
Buying & selling consecutively for the first time can be overwhelming. It’s a juggling act, should I look at property first? should I sell first? should I see the mortgage advisor first? when do I appoint a solicitor? It's a merry-go-round of actions which must happen simultaneously to maximise your return & move you forward.
We strongly believe that the way to maximise return, find the best property and make it affordable is down to PLANNING.
Many FTS will have their property valued; Think, I have made X amount of money let's do the same again. STOP AT THIS POINT & PLAN because there are several factors to consider which didn't come in to play when you bought for the first time.
These will include mortgage redemption fees, two lots of solicitor’s fees, removal fees, stamp duty and on and on the list goes.
The valuation is a great starting point but don't take the next step without having your PLAN OF ACTION in place.
We are happy to talk you through what your plan of action should be & the reality of whether it is the best time for you to move or not.