Home » Your Quick Guide to Selling Your Starter Home and Making an Upgrade

Your Quick Guide to Selling Your Starter Home and Making an Upgrade

Buying your first ever home is such an exciting time in anyone’s life. When it comes time to move on and sell up, it can feel confusing when you haven’t done it before. If your household has outgrown your starter home and it’s time to find an upgrade, look at this guide for selling your home and finding somewhere new.

Is Now the Time?

Since the moving process is so convoluted and lengthy, it’s best to be certain that you want to move before making any serious decisions. Make sure that you want to sell your home for the right reasons and that the market is in a state where you will receive a healthy return on your initial investment.

Have Your Current Home Valued

Before you start looking for new homes, you need to sell your current one. There different ways to find house valuations for an expected price. Some are free and quick to arrange. Having more than one valuation can be useful to determine a more precise figure when looking to put your home on the market.

Figure Out Your Finances

With an approximate figure for your current home, you can now start to look more closely at your finances and what you will need when searching for your next property. This means checking your savings, other investments, and possible mortgage loans. What is your budget for your next place? If you hope to upgrade, it will likely cost more than what you paid for your starter home, although this entirely depends on market fluctuations and location.

Talk to the Experts

There are so many moving parts when selling and buying homes. Especially if you are unfamiliar with this territory, it’s best to contact experts in the field. Selling agents can help you put your property on the market in a way that captures buyer attention. You will also need a solicitor to assist with the important legal side of selling and buying property.

Make Your Home Sale-Ready

If necessary, give your home a deep clean and even perhaps some redecoration so that it stands a higher chance of appealing to buyers. Look at what is currently selling and how your home can attract more interest. Once you receive an offer you are happy with, the selling process can start to come to a close.

Start Looking for Your New Home

For the convenience of everyone involved, it is usually best to wait until your own home has been sold before looking for the next one. This keeps the chain short and simple. Of course, this isn’t always possible; in this case, you may need to find temporary accommodation and storage for your belongings until you find your next home.

Upgrading your home can come with plenty of stress and frustration, but this is a normal part of the buying and selling process. Hopefully, this guide has taken some of the pressure off by clarifying important details and helping you complete your sale.