You’ll no doubt want to do everything in your power to get your asking price. Otherwise, you risk leaving money on the table. Selling a house can be stressful but arming yourself with knowledge really helps.
We’ve put together our top tips to help move the process along – and improve your chances of getting your asking price.
> Get a survey before you instruct your estate agent
By using a building surveyor before marketing your property you:
- Establish the right value for your property, arming you with knowledge.
- Become aware of defects and the cost of potential works, so you have a benchmark for negotiations.
- Speed up the process between an offer being accepted and the completion date.
> Be ready to sell, before you sell
‘Price-chipping’ and renegotiations are common. As are delays or even refusal by the lender to release funds. Usually, sellers have to deal with uncertainty while they wait for survey reports but having them done in advance cuts a lot of unnecessary stress.
A surveyor will make sure your property is worth the agreed price before a mortgage lender will release the funds.
> What surveyors will look for:
- Rising damp and penetrating damp – make sure your gutters are clear and leak free. Also, check your damp proof course is clear.
- Chimney condition – ensure flashing and pointing are still sound.
- Cracks, internal and external – if this is something you’re concerned about, arrange a structural assessment from a Chartered Building Surveyor.
- Ventilation – check that external vents are clear. If your house has suspended timber floors make sure they’re ventilated, too.
- Drainage – is underground, this needs to be clear and in good working order.
- Safety – your obligations include a range of things, like gas, electrical and heating systems. Make sure any electrical installation has been tested and certified by an approved electrician and that the boiler, gas fire and gas hob have been tested and serviced by a Gas Safe engineer.
> What to do if you spot problems pre-survey
Issues like those listed above can often be solved quite easily, with repairs made swiftly and not at any great cost. Have them fixed because by addressing known issues beforehand, you can expect a more positive survey.
Meaning? You save time and money.
> Choosing the right survey
- Valuation report (cost: £150 – £350) – required by the mortgage lender to make sure the property is correctly valued and this involves checking the recent sold prices on comparable houses to determine its value.
- A home buyer’s report (cost: £250 – £1,000) – a more in-depth survey and report on the condition of the property, such as any defects in need of repair.
- Building survey (cost: £550 – £1,500) – a thorough check of the property’s structure, condition, faults and issues.
If you’d like an exact estimate for your property, or just advice on surveys, contact our friendly team on 01782 209 203.
We’re RICS approved and always offer clear, unbiased advice to help you make an informed decision.