Looking to sell your Birmingham property but not sure where to start? We’ve put together this handy guide to answer some of the most commonly asked questions and give you the peace of mind you need to proceed with confidence.
How quickly can I sell my house?
Your house will sell more quickly if it’s properly maintained and you follow our tips on how to prepare your home for a successful sale. Unfortunately, however, the speed of your sale can also be affected by other factors beyond your control. If your buyer is waiting for their own property to sell, you may be stuck in the property chain, playing a bit of a waiting game. Likewise, if the housing market is currently down, it could take longer to sell your house. The good news is that, even during times of recession, with the right support and advice, it is possible to sell your house at a good price relatively quickly.
Want to know what will happen to your current mortgage when you sell? Need help securing a new mortgage deal? Whatever you need help with, Emma’s Properties’ independent mortgage advisor is here to help.
What happens to your mortgage when selling your house?
If you have enough money to pay your mortgage off in full once your sale is complete, you won’t need to do anything more. Your solicitor will issue you with a redemption certificate and use your buyer’s completion funds to pay off your outstanding loan.
Nevertheless, most people moving to a new property will still require a mortgage. Taking your current mortgage with you is often the easiest option and can save you money, as you’ll maintain your current interest rates and won’t have to pay any additional fees.
Having said that, if you’re unhappy with your current terms, Emma’s Properties can help you find a new lender willing to provide you with a more favourable loan.
How to prepare your house for sale
When it comes to selling your house, the smallest details can make all the difference. Your potential buyers essentially want to walk into your home and instantly be able to imagine themselves living there. Ensuring that everything is clean and tidy therefore goes a long way. Decluttering and removing any personal items from display can also help, as the more neutral the space, the more they can mentally put their own stamp on it as they walk around.
Mowing your lawns and dealing with any cosmetic issues is also a huge help for your agency. The pictures we take for your adverts will look much more professional, helping to bring more people in for viewings.
Beyond the visual, you may also wish to consider checking and updating your electrics, as a safer property is a property that will sell.
Choosing an estate agent
A good estate agent should be there to support you through each and every stage of your sale. Choosing a smaller agency over a larger chain can often prove beneficial in this respect, as they are able to provide a more personal service, guaranteeing that they’ll be available to answer any questions that you might have whenever they arise. Smaller agencies also tend to be more invested in your individual case, allowing them to better market your property in addition to securing a more successful sale and smoother transaction overall.
Can I sell my house without an estate agent?
You’re not legally required to have an estate agent in order to sell your home. However, selling your house on your own accord can be a lot of work. If you have a family, job or other commitments, it would be almost impossible to deal with all the processes and paperwork involved. Even those with less busy lives benefit from professional support, as they don’t need the additional stress when already dealing with the demands of packing their belongings and planning for their future in a new home.
Of course, the major benefit of selling via an estate agent is that nothing will fall under the radar or go wrong. Estate agents have the experience and expertise to know exactly what to do and when to do it. You wouldn’t want your sale to fall through as a result of forgotten paperwork or a form filled out incorrectly.
Hiring a solicitor when selling your house
Selling your house comes with a lot of legal responsibilities. A good estate agent will therefore recommend a property solicitor to help facilitate the sales process.
Your solicitor essentially works with your estate agent to ensure that legal ownership is successfully transferred at the conveyancing stage. This helps to protect you from serious issues like fraud.
In addition to acting as a conveyancer, your solicitor will:
• Check with your local authority to find out about any potential building regulations or environmental issues
• Get the legal information you need for successful property transfer from the other party
• Ensure bank transfers are legal and correct
• Deal with your stamp duty, ensuring you don’t overpay
• Obtain your new title deed for legal proof of property ownership
Do I need a solicitor to sell my house?
Although it is legally possible to proceed without a solicitor, we’d strongly advise against this. DIY conveyancing comes with many legal responsibilities that you may not be equipped to deal with and when it comes to making such a large and expensive purchase, it’s crucial to ensure legal ownership. You may save a bit of money in the short term by dealing with things yourself but the stress and potential monetary loss that could come when things go wrong simply aren’t worth it.
Accept an offer you’re happy with
If you’ve followed our tips on how to make your property sell, you’ll hopefully get a lot of viewings. We’ll deal with any offers your prospective buyers make and can advise you on whether we think you should accept.
We’ll let you know about each and every offer we receive on your behalf, so ultimately, it’s your decision. We can negotiate if you’d like a higher sale price or move things forward to the next stage as soon as you get an offer you’re happy with.
Got an offer you can’t refuse? We can formally accept on your behalf. However, you won’t enter into anything legally binding until everything has been officially handed over, which is why it’s important to have proper representation.
Your sale will finally be complete once you have moved out and transferred any deeds, fees and keys.