How to take the worry out of selling your home
There’s no way around it – putting your property on the market is a stressful thing to do. In fact, selling and buying property is often voted one of the most stressful things a person can do in their whole lifetime – so it’s no surprise that many find themselves in a bit of a funk when the process begins. However, the good news is that there’s a whole load of things that a prospective seller can do to cut down on the stress.
Whether it’s starting early or using a service which buys homes in a much shorter space of time than usual, there are plenty of options. This article will share some of the main ways in which you can reduce the stress load of selling a property and instead make the process as easy as possible.
Start the process early
Selling a property can be a long-winded endeavour. However, there are ways to reduce the length of the process – and one of these is to start the process as early as possible. You may be pleasantly surprised to learn that much of the hard work of selling a home can be done prior to putting it on the market. One such task which can be done early is getting all of those pesky documents together which a new seller may want to see when the time for their solicitor to raise enquiries ahead of the exchange of contracts comes around. Whether it’s a certificate confirming the work you have had done to the double glazing or simply the deed for the property, having a big folder full of all the relevant information can save you plenty of time further down the line.
If you’re selling on in order to buy another property, however, starting earlier in the process could be tricky. The reason for this is that the process of buying another place isn’t always predictable. You can reduce the risk of delays in that regard by getting your mortgage finalised as early as possible, for example, but even then, there may be hidden delays. Your mortgage company might not be able to get their survey done in time, for example. If you’re really determined to speed up the process, why not consider moving into rented accommodation in between selling your current place and buying your next one? That way, there won’t be any onward purchase to worry about – and you may even be able to get a significant discount in the process.
Use an estate agent
In the modern age, the idea of selling a home using the services of an estate agent can seem like a bit of a waste of money. After all, estate agents do charge a fair amount of cash for their services – and unless you get a good recommendation for a decently priced estate agency, using them can quickly become a cash pit. With the widespread availability of services such as Purple Bricks, which offers what is essentially self-service estate agency, it’s often considered desirable to shift focus and use something like that instead.
However, there are some hidden benefits to using a traditional estate agent. The main one is that professionals in this sector can often carry out some of the most stressful aspects of a property sale on your behalf. Take the example of viewings. If you’re looking to sell a home, viewings are essential as potential buyers will, of course, want to know what they’re getting before they commit. Being at home all day to facilitate such viewings, especially in the early part of the sale process, can be a big commitment if you work full time. By outsourcing this kind of work to an estate agent, you might be losing cash – but you’ll certainly be gaining in the form of reduced stress.
Sell to a cash buyer
As outlined above, often the source of the stress lies not in the actual activity of buying and selling the home but in the sheer length of time that it takes to do so. Selling a property is a very long-winded endeavour, and it can involve many hurdles such as waiting for the buyer to be accepted for a mortgage or allowing access to the property for surveys and so on.
By selling to a cash buyer, you may be able to reduce this timeframe significantly – even to the point where your home can be sold within a week or so, depending on the cash buyer you choose. When it comes to surveys and the like, there may still be some of these hurdles to cross – but they’re likely to either be much more efficiently run or simply not required. Without the need to wait for mortgage approval, which is what often holds up purchases on the part of the buyer, it’s likely that your purchase can run through much more smoothly and on a much faster timetable if you decide to opt for a cash purchase.
Sometimes, a cash purchase may mean that you have to take a lower price than had been previously expected. However, the reduction required is often not much – and it can be worth it in order to reduce the amount of stress that you’re likely to experience.
Selling a home is obviously a stressful experience, and there are few who relish the thought of going through it. For those who are in the midst of the process, there are some nuggets of hope to cling on to. Whether it’s investigating the possibility of selling your home to a cash buyer or even just looking into the prospect of doing all of the legwork before actually going on the market, there are many options to pick from.
If you’re interested in learning more about the option of selling your home to a cash buyer, NPT might be able to help. You can find out more here.