Tue 03 Oct 2017
Perhaps you are looking for something bigger or moving in with a partner, whatever your reasons for selling a property for the first time, John German Estate Agents will guide you through what to do next.
What has been selling in your area?
Do some research to find out what has been selling in your street - local sold prices can be found on Land Registry. You could also look on Rightmove and On The Market to see what price similar properties to yours are being marketed at.
Invite estate agents to value your house or flat, valuations are usually free. We'd recommend that you choose an established estate agent who has a good reputation in your area. Ask friends and family, or even work colleagues who they have used to sell their houses to point you in the right direction. Also look at agent's websites or Google pages to see reviews left by previous sellers, this will help you gauge which ones do a great job. Start by checking out ours: John German Reviews
Once you have established how much your property could sell for, it is now a good idea to work out exactly what you can afford to buy. If you require a mortgage, resist the temptation to stick with your current lender, bank or building society, otherwise you may miss out on a much better mortgage deal elsewhere. We recommend using an independent mortgage advisor, one who isn't tied to lending companies and one that searches the whole mortgage market to find you the best deal.
Are you buying a new property?
John German Estate Agents work with Apt Financial Management who do just that. They also provide suitable advice to increase the chances of your mortgage offer being accepted, without charging a fee. Find out more.
Related article: More tips on buying a property
Choosing an estate agent to sell your houseAsk yourself the following questions to help make your decision easier:
- Are they local? Don't forget this is your 1st sale, you will need support from a team who are available whenever you have a question/query or whenever an issue arises. Can you pop into the office? There's nothing more frustrating than being put through to a call centre and dealing with a person who doesn't know you or the area they are selling your house in.
- Do they offer accompanied viewings at no extra cost? From our experience, it would be advantageous for you to use the expertise of an accompanied viewer, so bear this in mind when weighing up costs.
- Do they charge a fee even if the property doesn't sell? Be aware of any company asking you to pay upfront fees, find out if there are any hidden extras to pay and whether they will charge you a fee if you withdraw the property from the market.
- Are they experienced enough to negotiate you the best price? It's quite a good idea to meet the sales team who will be dealing with your property, do you get a good feeling from them?
- Will they help with sales progression? Generating an offer is just the first part of this process, you need to be confident that the agent is able to guide your sale through to a successful completion, otherwise you may waste a lot of time and money if it doesn't sell.
How much should I pay?Some agents charge a percentage fee of the final selling price, for example if you agree a fee of 1% + VAT and they sell the house for £150,000 you will pay £1500 plus VAT (£1800). Or sometimes a fixed fee can be agreed from the outset, to be paid on completion, regardless of the selling price.
Other agents may charge you an upfront flat fee at the beginning of a sale. Many of these deals come with extra charges for viewings and sales progression and are not usually refundable, even if your house doesn't sell.
You overall goal should be to achieve the best price for your property in a short time-frame with as little stress as possible; so always consider an agent that you are confident will negotiate the best price for you. Will it be the one who is motivated to sell to achieve their fee or one which has already been paid upfront? Which will give you the best overall value for money and achieve the highest possible sale price for you?
We will provide you with an all-inclusive package to help sell your house
- Extensive online advertising including our website, Rightmove and OnTheMarket.com
- Matching your property to our database of buyers looking in your area
- Top quality marketing including brochures, photographs and floor plans
- Accompanied viewings
- Finding the right buyer and negotiating the best price
- Support throughout - sales progression
- No upfront costs
Related article: Choosing a solicitor when selling and buying a house
"Staff were there to help every step of the way, making finding my first home a stress free experience. They were thorough in understanding my needs and assisted me during the buying process. All of my requirements were met and I couldn't have hoped for a better service."