Tips for getting in your new home by Christmas
As a bridging loan lender, we understand how long the process can be of trying to sell your existing home and being able to quickly move into your new home.
Many people struggle with being able to get a mortgage in place quickly enough in order to purchase the home of the dreams they have just discovered, which is why it is becoming increasingly popular to opt for a bridging loan, which can provide you with the funds you need to secure the property.
There are a number of other ways in which you can take steps to get more organised when it comes to the moving process, and it could very well be possible that you can sell your existing property now and still get moved in by Christmas, providing that there aren’t any huge complications along the way. But how exactly do you go about achieving this? Look no further, we are here to help. Take a look at our guide that will get you on your way.
Make sure your home is sale ready
One of the key aspects of making sure that your home can be sold as quickly as it possibly can be is ensuring that is is definitely 100% ready for being sold. This is particularly important as there are certain things when it comes to the buying and selling process that takes time and which you have no control over, therefore it is key to take charge of the things you can sort out yourself quickly and efficiently.
There are different steps you can take to ensure that your property is ready to be sold. This includes perhaps giving tired and slightly mucky walls or ceilings a lick of paint in a neutral colour, having a huge clear out through the entirety of the property to ensure that you have freed up some space (space is regularly highlighted as a selling point by both estate agents and buyers themselves) and sort out any problems regarding mould or broken taps and other small issues.
Is the price right?
It can often be the case that a property remains on the market for a considerable amount of time purely because it has been priced wrongly. Therefore, if you are keen to get your house sold speedily, don’t make the mistake of overestimating the value of your property. Ways in which you can avoid doing this include making sure that you consult the advice of a number of different agents – we recommend at least three or four- to provide you with a valuation of your home. Remember to not get wooed simply by the agent who provides you with the highest value of your property, as if you want it to sell quickly, it must be in line with prices on the market at the time.
From the comfort of your own home, you can also get an estimate of the valuation of your home by checking out Zoopla’s house prices tool.
So perhaps you have found your dream home, but you are aware that you need a survey carried out before you can go ahead with the property buying process (the only exception is if it is a new build which is under an NHBC guarantee). Usually, this can be quite a time-consuming process, but there are ways you can cut corners without compromising on the quality of the survey. We recommending contacting several reputable surveyors beforehand and check their availability in order to ensure they can survey the house quickly so you can move onto the next step.
Is your paperwork in order?
When it comes to both the buying and selling process relating to property, you can guarantee that it will involve a considerable amount of paperwork. Get ahead of things and make sure that if you need to reapply for an existing mortgage deal as you are considering taking the loan with you to the new property, you have the paperwork all ready. That will mean that you need to ensure that you have all the details ready for this application, including:
- Bank statements
- Employment contracts
- Tax returns
Quick turnaround for completion
You should try to agree on a quick turnaround for completion if you want to get the keys to your new home before Christmas. That means ensuring that you outline when you would ideally like your completion date from the very beginning of the process so that it means that both you and the buyer completely understand the date you are working too.
Generally speaking, completion will occur around two weeks after the exchange has taken place, but it is definitely possible for this to take place far sooner. Depending on the circumstances, it may even possible for keys to be exchanged on the very same day!
Sign up for a good selling agent
To get your home snapped up as quickly as possible, make it one of your top priorities to research selling agents in your local area and make sure they are signed up to the major property portals. This is a very important point, as it is estimated that over 90% of all prospective buyers start their property search online. As a result, if you want to get your house sold and move into a new property during the festive season, then check the selling agents is signed up on sites such as Rightmove and Zoopla.