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Steps To Take Before Selling Your Home

Whether you’re keen to move around the corner, or you’re thinking of upping sticks and relocating to a different city, county or country, it’s wise to plan ahead if you’re selling your home. Unless you find yourself in a situation where you need to sell unexpectedly, it’s worth taking a few steps before the for sale sign goes up. 

Steps To Take Before Selling Your Home - property investing real estate family home image
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Sprucing up your property

If you’re preparing to put your house on the market, it’s natural to want to get the best price. Before you invite agents around, or start taking photographs for galleries and brochures, take a tour of the property, note down any jobs that need doing and give your home a spruce. Simple things like freshening up the paintwork, fixing broken doors and cleaning the windows can make a huge difference. It’s also a great idea to clean and tidy up and to declutter.

Many people will judge properties based on aesthetics and the images they see when they look online. It’s also important to note that your home will attract attention when there’s a for sale sign up outside, so enhancing curb appeal is a good idea. Paint the front door, add plants or a hanging basket to make the property more welcoming and tidy up the driveway and front garden.

Choosing an agent and exploring selling options

When it comes to selling your home, there are several crucial decisions to make, including how you’re going to sell the property and which agent you’re going to choose to market your home. Most people sell through estate agents that manage viewings and the negotiation of offers, usually over a period of time, but auctions are becoming more popular. If you’re keen to sell quickly, or you want to maximise your chances of getting a good price and wrapping up the transaction without any ups and downs and unexpected turns, you might be interested in considering an agents property auction. Some agents deal with auction properties, as well as traditional sales. If you are thinking of selling your home at auction, it’s important to think carefully about setting a reserve. Whichever method you choose, it’s worth doing some research into house prices in your local area and asking a series of agents to provide you with a valuation. The valuation will not dictate how much you get for your home. You might find that there’s a significant difference between the valuation and the offer price, especially if the supply of houses outweighs the demand in your neighbourhood. 

Putting future plans into place

If you’re looking to sell, it’s wise to think about and plan your next move. Selling houses can take months, even years, but in some cases, the entire process can be completed in 6-8 weeks. If you’re thinking about buying property, figure out a budget and start searching for houses that match your criteria. If you’re toying with the idea of renting, contact local agents, arrange some viewings and create a short-list. 

Before you put a for sale sign up outside your home, take these steps. Hopefully, they will lead to a quick, seamless, stress-free sale. 

What You Should do to Prepare Before Buying a Home

Before you begin the process of buying a new home, it makes sense to think about what you’re doing and what you’re getting into. It’s a long process and planning ahead and doing as much preparation work as possible will certainly pay off for you. It’s always going to be a challenge, but it’ll be more manageable if you prepare properly.

We’re going to discuss some of the things you might want to think about and put into place when preparing to buy a new home. There are many approaches that can be taken but we’ll cover the things that matter most as you prepare to make a real estate purchase.

What You Should do to Prepare Before Buying a Home - family house image
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Save More Than Enough Money Than You Think You’ll Need

Before you even begin the process of buying a new home, you should save plenty of money and be sure that you have enough set aside to cover the costs of the move. Of course, the deposit is the most important lump sum, but there are other costs and expenses associated with moving and buying a place that you’ll need to take into account too. That’s why it’s important to always save more than enough money than you think you’ll need.

Get Your Finances in Order Generally

Getting your finances in order and ensuring you understand your financial situation inside out is essential when you’re about to buy a home. You want to know for sure that you have enough money to cover all of the main costs, but you’ll always want to be clear about how much this will cost and that you’ll have access to money when you need it. Having access to liquid money might be necessary, so start planning ahead.

Be Specific About What You Want From a New Home

When choosing a home to buy, you should try to be as clear as you can be about what you’re actually looking for, as well as what you’re not. Be specific and don’t leave it to chance when it comes to finding the one that’s right for you. You should have a list of priorities already in place before you even set about the process of browsing the options on the market.

Get to Know the Area You Want to Move To

It’s a good idea to get to know the area that you’re interested in moving into. That way, you can get a feel for the place and how your lifestyle might work here. And you’ll also get to know a bit more about the local property market as well, and that’ll definitely be useful to you later. Places like the Perth Hub are location specific and resources like this can be really helpful when you start your search for a home in a particular place. 

Get the Right Professional Assistance

Getting the right assistance from professionals who really know what they’re doing will be important as well. A good estate agent will make your life so much easier and there are all kinds of other professionals such as reliable movers that you will need to seek out and find as you prepare to make this move. Don’t think you can go it all alone because it’s far too difficult when you try that. 

Have a Clearout

As you prepare to move house, it makes a lot of sense to take the opportunity to clear out your home. There’s no sense in keeping hold of things that you don’t really need, especially as it’ll just make the physical process of moving more difficult than it’s already going to be. Throw away or sell on things that are of no interest to you now and that you don’t see any need to keep hold of.

Clean Up in Advance

It’s always expected that the seller cleans the home before they move out and hand the keys over to the new owner. This is something that you should start to do way ahead of time, so if you want the actual moving day to be less stressful, you should think about how you can plan ahead and start cleaning up the home well ahead of time.

Buying a home and making a move means a lot of stress and hard work. It’s never easy and it’s rarely smooth sailing when it comes to buying a place and moving into it. However, if you prepare properly and go through the steps we’ve discussed above, the transition into your new place will be as smooth as it can be. 

New-Build Vs Renovation Project – Which Should You Buy?

For first-time and more seasoned buyers alike, one of the first questions they must ask themselves when looking for a property is, should they buy a new-build or should they look at buying a house with potential, but that needs a little extra work? Both new-builds and renovation projects come with their own sets of pros and cons, so we’ll take a closer look at some of them in this post to help you decide which may be right for you.

Property and real estate investing New-Build Vs Renovation Project - Which Should You Buy? - family house image
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New-Build

New-build sites such as Wyndham Ridge are cropping up all over the place, advertising beautiful views, prime locations and modern houses – but what do they deliver? 

Pros of a new build 

  • They’re new
    Perhaps the most obvious pro of a new build home is precisely that, it’s new – which means it tends to be free of faults and flaws that many homes gain with age and you can move in knowing that you should have many years before you need to start making any dramatic renovations. New properties are also built to higher energy efficiency standards that can save you money.

  • They often come with a guarantee
    New-build sites often come with guarantees of up to 10 years, meaning that should anything go wrong in your home within that period, it will be fixed, free of charge.

  • They’re community-focused
    Many new-build developments have a strong community focus and include elements such as children’s play parks and community meeting points to make them feel like a part of their own village.

  • They’re a blank canvas
    A new build property is an ideal blank canvas and some companies will even let you choose your own fittings if you are buying off-plan. 

Cons of a new build

  • They lack character
    New-build homes tend to be a part of a larger new-estate in which many of the homes look the same, lacking character.

  • They can be more expensive
    Purchasing a brand-new home can be more expensive than buying a run-down property and doing it up. They also may come with a service charge which must be paid annually for the upkeep of the communal areas. 
  • They can encounter issues
    New homes haven’t proven that they can stand the test of time and you could experience issues once the house begins to settle. 

Renovation Projects

Renovation projects are a popular choice with those looking to turn a profit on a home, but do they really work out better?

Pros of a renovation project

  • Character
    Perhaps the biggest pro of a renovation project is that the property will likely have history and character.

  • Profitability
    A new build property will only increase in value if the area it is in increases in value, a renovation property, on the other hand, can increase in value due to the renovations you make and therefore can turn a quicker profit.

  • Room for negotiation
    Renovation properties usually have room for price negotiations as you are dealing with a single owner rather than a corporation. This can make them more affordable for first-time buyers. 

Cons of a renovation project

  • They require effort
    The biggest con of a renovation project is that they require effort, whether that be from a builder or your own fair hand.

  • Costs can build-up
    Renovations can reveal hidden issues causing renovation costs to rise and making the project potentially more expensive than planned.

  • Chains
    Many renovation projects come with a chain, meaning that you’ll be waiting for other parties to sell their home before everything can go through. 

Conclusion

New-build homes and renovation projects clearly sit at opposite ends of the spectrum, and which you choose will largely depend on how much effort you want to put into the property, the importance of character and how much you’re willing to spend. Only once you know what your priorities are with your property can you decide which to buy.

A Buyer’s Guide To Property For Sale In Turkey

Property for sale in Turkey can vary dramatically in terms of how easy it is to purchase. While many Turkish nationals are happy to do business with foreigners, things can get lost in translation and, buying a property in a different country is never the same as buying one in your own. This is why working with a reputable agency and employing a competent lawyer to handle the legal proceedings is absolutely vital if you want the purchase of your new home to go off without a hitch. Make a list of things you need to do and stick to it. 

Property For Sale In Turkey For Foreign Investors

A Buyer’s Guide To Property For Sale In Turkey - Istanbul harbour view image

As things stand, foreigners require military permission before they can purchase property or land for sale in Turkey. This can cause some delays so make sure you allow enough time for this to occur. However, in essence, it’s always inadvisable to rush through sales. It allows for mistakes to be made on all sides and may leave you without some of the protections you need. If the reason you’re rushing through a sale is on your own account rather than the buyer’s then this is more acceptable, although be very sure that you’ve chosen the right property and that you know what you’re doing. 

In addition, you’ll want to employ an independent lawyer to examine everything related to the property. Do this before you’ve committed to purchase or paid a deposit. There are plenty of facilities for you to find lawyers in Turkey who speak English or have translation services. Mortgages in Turkey are offered for those foreign nationals who wish to buy houses or apartments for sale in Turkey. However, as in the UK, there are often substantial differences on interest rates and criteria so make sure to check with several banks before choosing one. Click me for the ultimate mortgage resource. There are also property taxes to be paid in Turkey and you’ll need advice on how to deal with these from your lawyer to prevent you falling foul of the law. There are restrictions on buying a property in certain areas and how much of it foreign nationals can buy. Again, it’s wise to consult your lawyer. 

Important Points About How To Buy Property In Turkey

There are as many facets and issues around how to buy property in Turkey as there are in the UK. It’s worth noting that you don’t need a residence permit to buy property, however, purchasing property doesn’t give you residency rights. Always talk to a professional about your status and how this will be affected by your intention to live in Turkey, whether it’s a part-time or full-time arrangement. 

One piece of good news is that you have the right to rent out your property at any time, so if you’re searching for investment properties in Turkey, then you’ll be legally secure. As long as there is a binding contract signed between the landlord and the tenant and the landlord pays the relevant income tax, then you should be okay. 

Something else that you should consider when you’re looking at property for sale is the issue of property deeds. Obtaining a habitation certificate can be quite complicated and time-consuming. It’s advisable to think carefully about the ramifications of buying property without habitation certificates and talk to your legal advisor about this. It can start to seem overly complicated. After all, what you were looking for was a place in the sun to escape to, not all these legal ramifications that can seem to be an impenetrable barrier. 

The Most Cost Effective Way To Buy And Sell A Home

Buying a new house and selling your old one is not only a stressful process but it can also be a very expensive one too. Even though you are likely to be making some money off the house ‘you’re selling, there are still extra costs that you can easily forget about and may not have accounted for, and they all add up. 

The Most Cost Effective Way To Buy And Sell A Home - exchanging keys image
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Get The Most From Your Sale

The first thing you need to do to save money when buying and selling your house is to make sure you make as much money as you can from your house and make your house more valuable and get the best price for it. You can do this by decluttering your home but be careful not to depersonalise it. People need to be able to imagine what the property would look like if they were living there, so you need to make it easy for them to see all the fantastic living space ‘you’re offering them but leave some personality in there too. People are often buying into a lifestyle as much as a property, so show them the attractive side of your lifestyle. Once you have done that you could give your home a fresh lick of paint which will make your home seem lighter and bigger and will enable the potential buyers to imagine what they would do to the rooms for their needs. It will also be easier for the buyers to move in and use the rooms immediately if the walls are painted a neutral colour rather than in a bright pink or green. Also make any necessary minor repairs, any holes in walls, broken doorknobs, cracked tiles or torn carpets as people will want to move in and not have to fix things, so get it done for them so they can move in with ease. Then clean everything until it sparkles. Get rid of limescale, clean and repair tile grout, wax wooden floors, get rid of all odours, hang up fresh towels. This will make the place more appealing and allow viewers to imagine living there. Tidy up the garden too.

Be Aware Of Survey Costs

You will need a survey of your house and the house you are planning to buy, and there are three different types of survey that you can get; a Home condition survey which is a basic survey and consists of a visual inspection of the areas that are easy to see and is suitable for new-build and other modern homes. Then there is a ‘Homebuyer’s report, which is a more detailed survey and looks at the inside and outside of the property. It also includes a valuation. Finally, you could get a building or structural survey, which is the most comprehensive survey and mainly suitable for older buildings. The surveyor’s report may raise issues with the property and then ‘you’ll be able to consider whether you still want to go ahead or want to negotiate with the seller about the price. 

Take Your Home Online

Once the house is looking in tip-top shape, then ‘it’s time to look at different ways to sell it. Today, you can do this a lot cheaper by taking your home online. When people are looking to buy a house these days, where is it that they look first? A massive 95% of people look for their new property online, and both Rightmove and Zoopla are averaging over 180 million searches every month, so one of the best options is to look for an online estate agent to keep costs down.  

Choose The Right Lawyer

As mentioned, moving home can be very stressful, whether you are a first-time buyer or ‘you’re an expert and have been buying and selling for years, either way, ‘there’s still a lot to be done, and ‘you’ll need to choose the right legal team to help you too.  According to Keoghs, you should always shop around to find the solicitors that can offer you the expertise, experience and commitment that you need to support you throughout the process, with all fees and costs highlighted and outlined so that you receive a specialist, friendly and efficient service at all times.

Showing Your EPC

When you sell your house, you will need to show the buyer an Energy Performance Certificate to show how energy efficient your property is. To do this, you will have to pay for an accredited domestic energy assessor to come in and look at the loft insulation, the boiler, hot water tank, radiators, lights, windows for double glazing and how the building is ventilated and constructed. A certificate is valid for ten years, and you can usually get an estate agent to recommend one, however, if you have chosen not to use an estate agent then have a look online for recommendations and reviews from other people. If you look on Purple Bricks, their assessors charge £84 for this service. 

You’ll Also Need Insurance 

You will also need to take out buildings insurance to protect your new home against damage from fire, floods, subsidence and other unforeseen circumstance and natural disasters. While ‘you’re doing this, it might be a good idea to look at contents insurance for your possessions too. Like any other insurance, the cheapest option will be to go onto comparison sites and see ‘what’s best for you.  

Paying Stamp Duty

You need to remember that ‘you’ll have to pay Stamp Duty too if you are purchasing a property worth over £125,000. First-time buyers only pay on properties over £300,000 while those with second homes pay on property worth over £40,000. This is a rather significant sum of money, and many people add it to their mortgage.

Removal Costs

Finally, ‘don’t forget about the removal costs. Of course, you can do the moving yourself and pack up the car. Or one of the cheaper options is to hire a van and do it yourself, or if you ‘can’t do that, then a professional removal company will also be able to supply boxes, insure the items and provide temporary storage if there are any delays in the move.