There are many reasons why a person might decide to sell their home. Your children may have already grown up and flown the nest, leaving you with a large house that is no longer necessary, and you wish to downsize, or perhaps your career has taken a positive turn and a relocation is on the cards. Whatever the reason for the sale, you will have some fierce competition, and the real estate business is very much a buyer’s market. Just how easy it will be to sell your home depends on many variables, such as the condition of the property, and its location. The price is a determining factor, and often, when a quick sale is desired, lowering the price can attract a buyer.
Sourcing a Solicitor
If you plan to sell your home, you will need to employ the service of a conveyancing solicitor who will carry out a series of tasks to facilitate the legal transfer of ownership. If you live in the north of England, there are affordable conveyancing solicitors in Yorkshire who can ensure the process is completed according to British law.
Selling a property is no different to selling a car, in as much as the house should be in good condition, and if it is well presented, you will increase the chances of attracting a buyer. If the residence has seen better days, this could seriously hamper the sale, and very often, a buyer will arrive to view a property, and their first impression is sufficient to conclude the viewing before it even begins. If your home has been on the market for a few months and there hasn’t been much interest, it might be a good idea to make some improvements. An exterior repaint or perhaps resurfacing the drive would attract a potential buyer, and this is very often the case, and if you add a portion of the cost to the price tag, it is money well spent.
Negotiating the Sale
Let’s imagine a couple have been to view your home and they like what they see, then comes the negotiation. This would obviously centre on the asking price, but there are also occasions when the seller would include furniture or other items, in order to reach an agreement. The buyer might insist that certain repairs are carried out, and this would either be the responsibility of the seller, or an agreed amount would be deducted from the sale price and the new owner would carry out the repair work. The seller’s desire to see a quick sale will often result in making many compromises, and an astute negotiator might be able to swing things firmly in their favour.
Once you and the buyer have agreed terms, you conveyancing solicitor would handle everything, and when the contract has been drawn up, and all the legal requirements have been met, it is just a question of transferring the title deeds to the new owner, transferring the funds, and then the transaction is complete and you can look forward to a new chapter in your life.