If you are considering buying a new house, then you should sit down and have a long talk with your real estate agent to figure out potential issues surrounding selling your existing home, and the area that you are thinking of moving to visit MyRealtr. Buying a house is no small undertaking, and there are a lot of risks and potential ‘gotchas’ associated with it.
Here are a few essential things you should consider when it comes to buying a new house.
1) The Length of the Chain
If you need to move quickly, then you cannot afford to be stuck waiting for the people you are buying a house from to be able to buy a house themselves while they are waiting for the people they are buying their house from to buy one, and so on. These ‘chains’ can become long and complex, and delay potential purchases massively.
2) The Real Value of Your Home
If you are selling your house to buy another one, you need to make sure that the asking price is realistic. All too often, people list their homes optimistically or have trouble selling because the price they ask for is simply too great. If you have made extensive improvements to your property then the price could be higher than the average for the area and while your specific property may be objectively worth that price, that is no good if people believe that they can get better prices by taking a more basic property and doing it up themselves.
3) Worthwhile Investments
When you are preparing your property for sale, your real estate agent will be able to give you guidance on the sort of thing that will be worthwhile investment. For example, you may find that it makes sense to invest in new kitchen counters or bathroom fixtures and fittings, or even that just adding new doorknobs will make all the difference.
These are all small things that will increase the value of your home by more than it would likely cost to do those jobs, and yet that will also help you by making the property more appealing to buyers.
Remember that people are only interested in moving into a home if the home is something that they could imagine themselves living in for a long time. If your home is unusually decorated or full of personal items, then this will put off potential buyers. Real estate agents have a lot of experience when it comes to preparing homes for sale, so can give you expert advice on how to make your home as appealing as possible to prospective buyers. Take this advice and you will enjoy a quick sale and a stress-free move, and will be in a much better position to get the property that you want, in a timely fashion. You could save thousands of pounds with just a few small changes to how you present your home to prospective buyers.