The 5 Steps You Should Be Taking Before Selling Your Property
There may come a period in your life when you feel the need to sell your home and begin a new chapter in your life. This could be because your family is growing and you need more room, or it could be because your children have left the nest and you no longer require a home as large as your existing one. Whatever your motivation for selling your home, there are a few loose ends you should be tying up before putting your property on the market to ensure that the sale of your home goes as smoothly as possible when the time comes.
Even if you're really frugal with your money, you'll quickly discover that when it comes to moving, you've accumulated some debt that needs to be paid off. Whether you owe money to your energy providers or you're still paying off a loan for home improvements, it's usually a good idea to pay off your debts before even thinking about moving. This will help you to enter the next chapter of your life debt-free and prepared for what is ahead.
Have your home valued
Many homeowners make the mistake of not having their home valued before listing it on the market. You may have an idea of how much you want to sell your property for, and you may discover that it isn't worth as much as you thought. Research everything about determining the market value of your property so that if you wish to make improvements before selling, you have plenty of time to do so. Remember that the more renovations you make to your home, the more money you'll get when you sell it.
Stage your home
You should also take the time to stage your home properly when it’s on the market, and you can do this using drone photography for real estate. This will show potential buyers around your home virtually, and in the face of the pandemic it’s a great way to ensure your home sells well regardless of the situation at hand.
Improve your credit score
Even if you're a current homeowner, your credit score is still important when it comes to being accepted for a mortgage on your future house. It is essential to review your credit score so that you can make any necessary modifications. Straightening out your credit score isn't as difficult as you would believe, and ClearScore can support you.
Look at potential homes
Finally, one thing you can do before putting your home for sale is look at potential homes so you know what type of pricing to expect once you're in the market. It will also help you decide whether you want to stay in your current place or relocate to start a new chapter in your life. You will also be able to get a decent estimate of how much your next mortgage will be, making it much easier to organise your money.
Use these 5 steps to help you prepare to sell your property and move onto the next chapter in your life!