Welcome to the world of simultaneous property buying and selling! It's a tightrope walk, but don't fret. We've got your back with a step-by-step roadmap to streamline both processes seamlessly. Let's dive in!
First thing first, you need to determine the true value of your current home. While an online property valuation can be convenient, nothing can beat an in-person market appraisal from a trusted estate agent. We'll work together to pinpoint an accurate selling price that takes into account every unique feature of your beloved property.
Now that we have an idea of your home's worth, it's time to assess your financial standing. Let's carefully consider factors such as your expected sale proceeds, existing savings, and necessary affordability checks to define your budget and spending limit.
Moving homes involves costs - a plethora of fees including estate agent fees, conveyancers, surveyors, not to mention various taxes like stamp duty, land transaction tax, and building transaction tax. Ccreate a rough budget upfront to help you plan more efficiently.
Next, prepare your home for potential buyers. Think like a buyer and identify any areas that require improvement or minor repairs. Addressing these aspects now will save you from potential roadblocks down the line.
As you embark on this journey, assembling the right team of professionals is crucial. Your dream home move team will likely include an estate agent and a conveyancer. Choosing the right professionals is a pivotal decision that can significantly impact your transaction.
Let's not forget about the important paperwork involved. Be sure to gather all relevant property documents, such as Land Registry details, planning permissions, building certificates, ID, management company info (if applicable), window and insulation guarantees, title deeds, and EPC certificates. Having these documents ready will expedite the transaction process and minimize potential hiccups. If you need any assistance with this, we're here to lend a helping hand.
Once your property is prepped and ready, inform your estate agent so they can start marketing your property. While you eagerly await potential buyers, keep an eye out for reserve properties just in case the one you want to buy is sold before your property sells. However, the priority should be selling your existing home first.
When offers start pouring in, it's crucial to consider various factors beyond just the highest bid. Take into account the buyer's position and their readiness to move. Ensure you accept an offer that aligns with your goals and situation. And hey, if you haven't already, make an offer on the property you've set your eyes on. We can assist you with that too!
So there you have it, a detailed guide to master the art of buying and selling property simultaneously. With our expert guidance, you'll navigate this process with confidence and success. Good luck on your exciting journey!