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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. 

Making a Sale: 3 Tips for Using Forums When Marketing Your Real Estate Online

There is no doubt that real estate forums are enjoying a noticeable upward trend in growth and that means that you have an opportunity to reach a wider audience and make more connections with buyers and sellers.

Here are some pointers on how to approach this potentially viable marketing channel and what approach you can take to create a following and even become a valuable online resource.

Making a Sale: 3 Tips for Using Forums When Marketing Your Real Estate Online - house for sale image

Make yourself useful

When marketing your real estate you will quickly discover that there are a growing number of internet forums where you can become a useful presence and there are specific forums operated by hosts such as Yahoo that are there just so that people can talk about all things real estate.

The big attraction here is that you have the chance to develop a reputation as a go-to person when someone wants an answer to a question about a real estate issue.

You will need to commit some regular time to the online forum so that you can answer questions quickly and offer some guidance based on your own real estate experience.

Another key point is that if someone posts a comment that they are looking at selling my house quickly you can answer with some general information and even direct some traffic back to your site when answering their question and offering more help.

Be selective

The danger with spreading yourself too thinly across too many forums is that you can end up not being effective or useful on any of them if you don’t have the time to focus on responding promptly to any discussion or general real estate chat going on.

It is well worth being selective and taking the time to find the right forums for your market niche and where there seems to be a decent community that you can tap into.

A good guide would be to find a forum or a section of that forum that is all about real estate.

In addition, you would really want to see that the forum has an absolute minimum of 1,000 members and there have already been upward of 10,000 posts. Using these basic guidelines often help you weed out the forums that aren’t worth your time and finding one that meets this criterion will mean that you are joining in with a community that is large enough and enjoys a healthy online debate about real estate topics.

Check the community guidelines

It is also highly relevant to check the community guidelines on each forum before you start submitting any posts.

You will want to know that you are allowed to post links in your posts or not and whether it is permitted to promote or market your business while using the forum.

If you end up violating any of the rules, even if you do it unintentionally, you could quickly alienate the real estate community you are trying to get to know, which would be bad for business and wouldn’t be great for PR either.

Play by the rules and be prepared to help for free as well as promote when appropriate and you could find that online communities are a great way to grow your contacts and drive your business forward.

Research Is Crucial: 5 Tips for Choosing the Best Real Estate Agent

A good real estate agent can be a lifesaver when it comes to buying or selling a home, but that only works if you have chosen the right real estate agent for you. When you’re looking to work with a realtor, you have to make sure that you’re going into business with someone you feel is going to understand your needs and work for you.

Tips for finding the Best Real Estate Agent - house sale image

1.     Get referrals and do your research

The rules for someone becoming a real estate agent are lenient in many places, which is why you have to be vigilant about doing your own research. Talk with family and friends to see which real estate agents they’d recommend and why. Once you have a few referrals in hand, do some research online to learn more about your potential agent. Find out how long they’ve been in the business, who they’re connected to and how many houses they’re currently listed as selling.

2.     Meet in person and ask questions

Once you’ve decided on an agent, meet with them in person before visiting any houses with them. Some agents will try to lock you into a contract immediately, which should be concerning. Your initial meeting should be all about interviewing your realtor. Ask about their experience in your price range, in the neighborhoods, you’re interested in, their strategies for complicated or competitive sales, and how they negotiate multiple offers. You should also see how they will deal with a situation that requires you to sell your home quickly. Find a company that advertises ‘we buy houses’, or see if their real estate company offers a cash buyout of your home. This will help you get out of a bind quickly—if need be.

3.     Do you get along?

Getting along with your agent is essential. You should feel that they understand you and listen to you. They don’t need to be your best friend, but you should feel at ease around them. You’re going to be making some very stressful decisions around this person, so it’s crucial they make you feel comfortable.

4.     Look for competitive advantages

You’re about to spend a lot of money (even as a seller) so shop around to see what realtor can offer you the best benefits. Realtors are commission based and need to hustle to attract and keep clients. See if your agent can provide you with deals with mortgage brokers or lawyers they know, or has a specialty in buying or selling the type of home you’re interested in.

5.     Understand their commission

All agents work on commission, and this is something you want. An agent who works on salary won’t work nearly as hard for you. That being said, understand how much commission your agent is charging, who is paying it, and see if they can offer you a better deal. There’s no harm in asking, and a reduction in price can definitely save you some money overall. This only applies if you’re selling a home, of course, since the buyer doesn’t absorb the cost of a realtor’s commission.

Getting The Most For Your Money In Property

Buying property is always exciting, but it can be more than a little nerve wracking as well. This is because it is easily the largest purchase you will ever make, and yet you might not even see the property more than once before laying down a huge amount of money and possibly even tying yourself into some debt in the form of a mortgage. You will always want to make sure that you are going to get the most that you possibly can for your money, and that means being able to understand many of the aspects that are involved in the process. In this article, we are going to take a look at a number of factors to consider in order to make sure that you are getting the most for your money when you buy some property.

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Go New

If you really want to make sure that it is going to be as worthwhile as possible, one of the things to consider is to go for a new build house, as these are often going to be particularly beautiful and have many modern features older homes might not have. It actually depends on what kind of thing you are looking for, but with many new build homes r you will at least feel that you are getting quite a lot for your money, which is one of the main things here. Of course, you should still make sure to thoroughly check any property over and not just go for it merely because it is a new build. You should go through a checklist when buying a new build house to make sure that ti has what you want – do that, and you should end up with something you can be pretty happy with.

Timing

One of the more clever ways to get more for your money is to look into timing the purchase well. It doesn’t matter what the property is if you are buying at the wrong time, you are still going to end up worse off than if you manage to buy at a better time. That is a good reason to pay close attention to the marketplace, so that you can be sure that you are going to actually buy a property at the right time. Do that, and you will get the same place for less money, which will then mean that you can use some of that money to do it up or whatever you might want to do with it, even if that is just saving it for a rainy day.

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Location

We all know that location is everything in real estate, so no consideration of getting more for your money would be complete without paying some respect to this. You need to think about the location as best as you can, as often you will find it makes a huge difference to how much you are paying out for a property. If you can find an identical property in a slightly less desirable town it might be worth it, especially if it means that you will end up with basically the same place for less. These considerations are worth thinking about.

Making The Process Of Moving House As Cost-Effective As Possible

Moving home is an expensive process, but you could hugely reduce that expense with sufficient planning well in advance. The key is to avoid jumping into decisions without properly weighing up your options. You might be eager to move and perhaps you’re even working within a limited window of time, but you can’t put a price on thorough research when it comes to saving yourself a fortune. In this article, you’ll find some suggestions that’ll help you to make the process of moving house as cost-effective as possible.

Making The Process Of Moving House As Cost-Effective As Possible - white suburban house image

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Do your property research.

As mentioned in the introduction, thorough research is essential to saving money when it comes to moving house. We’ve discussed this on our site before. And research is incredibly important when it comes to the purchase of your new home. After all, this will be the biggest expense you face throughout the entire process, and it’s a purchase that should serve you for many years or decades to come. Of course, we’re not going to suggest you should aim for the cheapest properties possible. You should aim for the most cost-effective properties possible. You don’t want to compromise on quality when it comes to buying a house that you’re hoping to call “home”. You might want to check out https://www.redrow.co.uk/ for high-quality new builds that come at an affordable price. There are plenty of cost-effective options when it comes to modern properties. Just make sure you weigh up plenty of different options. Get good at haggling too.

Declutter.

Another way to make the process of moving house as cost-effective as possible is to declutter. For starters, this gives you the opportunity to make some money. You could sell old possessions online or at a yard sale to raise some funds for the house-moving process. But it’ll also save you money when you hire a removals company to help you transport your belongings to your new home. You’ll get a much cheaper quote if you have fewer belongings to move. Decluttering is sensible both in a financial and a mental sense. You don’t want to drag all of your clutter with you to your new household, after all.

Search for free or cheap furnishings.

Even if you save a heap of money throughout the moving process, you might be worrying about the cost of turning your new property into a home. This is particularly the case for those who are moving into their very first property, but even people who are moving from one home to another might have to get rid of old things and buy new ones to replace them. However, before you spend a fortune at your nearest furniture store, you might want to search for free furnishings in your area.

You’ll find so much fantastic homeware and pieces of furniture online that doesn’t cost you a thing if you look in the right places. Freecycle is a great site for finding free furnishings, as suggested at https://www.moneysavingexpert.com/. Facebook Marketplace also has options that are either free or cost next-to-nothing. It’s worth browsing the internet to see if you can find anything that’s perfect for your new home before you waste a lot of money. The perfect furnishings could be waiting out there for you at a fraction of the price you’d pay in a standard store. That being said, some charity-run furniture stores stock absolute gems at amazing prices.