A guide to selling and buying a house
If you’re a current homeowner, you’ll already have experience of going through the buying process. But if you’re now looking to upgrade and move into a new home, the process of selling a property might be completely new to you. Or if it’s been a while since you have moved home, you may have forgotten a few of the steps. Read on for a step-by-step guide on selling and buying a new house at the same time.
Step 1 – have your property valued
Before you start searching for your dream home, it’s best to get your existing property valued. This will help you to understand how much money you have to put towards your future purchase. After all, the sale of your existing property will help fund a deposit on your new home.
Your house can be valued by a trusted estate agent or an online free service such as Zoopla or Property Price Advice. Do be aware that online services can only offer an estimated price, so it’s always best to seek a second or third opinion from a direct professional.
For more information on how to get your home valued, read our helpful guide here.
Step 2 – work out your finances
Once your existing home has been valued, it’s now time to work out how much your budget will get you in the property market. If you can work out how much of the sale of your current home will go towards your new home, then this will help you in the long run. Having a clear picture of overall costs and fees will help you budget too.
The Money Advice Service have an in-depth guide that explains all of the costs that are associated with selling your home.
Step 3 – put your house on the market
Selling your home is the hardest part of this journey, but with the right estate agent, you can sell your home in no time. Once you’ve found a trusted agent to sell your home, it’s up to them to take charge. They’ll instruct and advise you throughout your time with them – from how to set up viewings to negotiating on price. Or if you want a no hassle, stress free sale, you could choose to move with Part Exchange. This means we buy your existing home, so you can move into your dream home faster.
If you do put your home on the market, it would be beneficial to prepare your house for viewings so that you have a good chance of selling quickly. When doing this, it helps to think like a buyer. Ask yourself a few of these questions before you accept any viewings: What would you be looking for in a home? Does the garden need sprucing up? Can you repaint a room to give it a new lease of life? Having these questions at the back of your mind may help to make your home look desirable and in turn, help it to sell. A small investment in time and a few cosmetic touches can go a long way.
Step 4 – find your dream home
It’s finally time to set your attention to finding that dream home – the most exciting part of this entire journey. You probably have an idea in mind about the type of home you want – whether you’re downsizing to a smaller property or looking for a bigger home for your growing family. David Wilson Homes offer a range of quality new build properties that are built for modern family living. With many house types to choose from, there’s something to suit everyone. Simply use the property search bar to find a development near you and arrange a viewing.
Once you’ve found your perfect home, you can reserve the property. This means that the property is taken off the market and unavailable to any other buyers, subject to terms. This then gives you time to put together a deposit and mortgage, with funds from the sale of your existing property going towards your next property.
Step 5 – sell your existing property
You’re now at the final stage of selling and buying a house, and one step closer to your dream home. If you want to speed up your move, David Wilson Homes offer schemes that can help you move into your dream home faster:
- Part Exchange – David Wilson Homes could buy your existing home. With no estate agent fees, no chain and a quick sell (which is usually within 8-10 weeks), could mean that you’re in your dream home sooner.
- Movemaker – this scheme is perfect for selling and buying a house simultaneously. Simply find your dream home and reserve it. Then, David Wilson Homes will appoint a trusted estate agent to value and sell your existing property. You are now in the Movemaker agreement. Once a sale price has been agreed, the estate agent will make sure your home is sold. David Wilson Homes may cover the estate agent’s fees, giving you one less thing to worry about.