Property advice - buying and selling can be daunting

Buying and selling property can be a very daunting prospect for most. At Birkett Long we take the pressure away, at least when it comes to the legal work involved.  However, before you instruct us, there are some things to think about.

Buying a property
The first consideration should be what you can afford.  If you require mortgage finance you should talk to a mortgage broker, as they will be able to help you to find an affordable mortgage product.  As well as mortgage payments, consider ongoing costs such as council tax obligations for the area, utility bills, any possible service charges or ground rent payments (usually only for leasehold properties) and other general property expenses.

Once you know what you can afford, you can start looking for properties.  You can use online sites or go direct into estate agent offices.  You should set up viewings and see as many properties as you can to ensure you are seeing all of what is on offer.  Make the most of viewings by asking questions about works done to the property, considering your furniture and room sizes, and checking the area in which the property is located, as well as its amenities. 

Selling your home
Again, as with any property transaction, you have to think about finances.  If you have a mortgage, check with your lender how much is outstanding and make sure that selling the property will leave you with enough equity to buy a new property, if required.  If you are thinking about buying a new home, and are happy with your current mortgage rates, check whether your lender will let you take your current mortgage product with you.

You may also wish to consider whether you want to buy a new property straight away, or move into rented accommodation until you find the right house.  Either way, if you do not wish to market your property yourself, you will need to instruct an estate agent.  We recommend choosing a local agent and shopping around for commission percentages.

While a buyer for your property is being found, it is a good idea to gather together any documents that may be of use in the sale.  For example, if you have had building work or alterations done, you will need to have copies of the planning permissions or building regulations documents.  If any boiler, electricity works or replacement glazing has been carried out, then copies of the relevant documentation will assist in a smooth sale transaction. 

For help with any property sale or purchase, please contact us.

Molly Frankham
01206 217617
[email protected]