Top Tips For Selling A House And Buying Another

The procedure for selling a house or property can be a complex process, especially when you are buying one at the same time. Any stage of the property chain can be daunting and confusing, especially as on average, we will only move to a new house roughly three to four times in our lifetime (Master Removers).

The process is often unfamiliar to many of us, leaving us unsure where to start.

As one of Tamworth’s leading local estate agents, we are here to provide you with 5 essential tips to make your property journey as easy as possible and support you when selling a property and buying another. If, however, you are just getting onto the ladder and buying a property for the first time, we suggest reading 5 Tips for Buying Your First Home.

Getting your property valued

The first and most important step to this process is getting your finances in order. If you have a mortgage, this step is crucial to ensure that you have enough money to cover any remaining debt.

By getting a property valuation, you can compare that figure to the balance on your mortgage and it will provide you with an idea of the budget you can afford for your new property. If you over-value your property, you will be looking at properties that are outside of your budget, but if you under-value it, you may have missed out on some excellent properties because you weren’t sure that you could afford them.

By working with a professional estate agent such as Taylor Cole, we will provide you with an accurate assessment of what your home is worth on the current housing market. With the support of our inhouse mortgage adviser, we can help you to build realistic plans for your future based on accurate facts found by our experts.   

Listing your current home for sale

An experienced estate agent such as Taylor Cole will list your current home for sale on all major property websites. The value at which your house will be listed as should be informed by the most accurate research and property valuation, however, it’s important to remember that a property valuation is not necessarily the same as the price that your house will eventually sell for.

After listing your property for sale, we will organise all of the property viewings for you. We will also act on your behalf and negotiate the sale of the property between you and the buyer. We understand that this stage can be very demanding, so we aim to make this process as stress-free as possible. 

Find your new house

Once we have helped you to get your house up on the market, you can then begin the process of finding a new home.

While searching for your ideal property, a local estate agent such as Taylor Cole can get to grips with your requirements and help you through the process. You will be able to discuss with us what type of property you would like to purchase, the area where you would like to live, the accommodation that is going to be important to you and how much you are looking to pay for your home.

Good communication skills are essential for an estate agent. At Taylor Cole, we offer a supportive, productive service making sure we keep in touch with you every step of the way. Finding the perfect home for you is one of our main priorities, so maintaining excellent communication makes this process a gratifying one.

Begin the purchase process

When the sale of your current house is going through and you have found the home of your dreams, you are in the perfect place to start the process of purchasing your new home. If, however, it hasn’t quite worked like that – don’t worry.

It may be possible to work with the current owner of the home that you’re looking to purchase to work out a pre-contractual stipulation that states you are waiting for the sale of your existing home to be completed before the purchase process can begin. This essentially allows you as the buyer to reserve the property. At Taylor Cole, we are aware that this can be a competitive period. We are dedicated to securing our customers their desired homes, so we will manage this process for you.

Moving out (and moving in!)

Once an offer on your existing house has been accepted and you have secured your future property, the final stages of the moving process will begin. Organisation is crucial in this stage to avoid a complex transfer. At Taylor Cole, we have 18 years’ worth of experience in dealing with this process. We aim to align your timeline with the other individuals involved to avoid a disjointed move with all your belongings.

As you can see, there are plenty of different factors that you must consider in the sales and buying process. As one of Tamworth’s leading estate and letting agents, we are committed to making matters easier for you. We offer a simple and straightforward service, prioritising communication, honesty and full transparency. Find out more about how Taylor Cole can support you in the process of selling a house and buying another by calling us on 01827 311412.