After months of anticipation, it's now time to embark on the exciting journey of finding a home. Taking that first step onto the property ladder is an unforgettable experience and one full of potential new memories - from needing more space or looking for something in another location, moving can open up all sorts of opportunities!
For many people, the phrase 'first-time buyer' tends to evoke a feeling of excitement. But for those looking to take their first step on the property ladder in reverse - selling their first home – confusion and uncertainty can arise as quickly as thoughts of joy. How do you start? What steps should be taken? Unfortunately, there are few resources dedicated solely to helping potential sellers navigate this process with ease; however, understanding what it takes is essential before any sale goes through!
Here’s what you need to know about selling your first property for those preparing to start a new chapter and move somewhere new.
Set An Asking Price
Selling your first home is a major step, and having an experienced real estate agent by your side makes all the difference in making it quick and hassle-free. Without their expertise, you could be stuck with long delays or worse yet - no sale at all! It's essential to find someone who will give you top-notch advice along every part of the way.
Choosing the right estate agent is key to ensuring your property makes a successful sale. They will conduct an accurate valuation and recommend a price that not only works for you, but appeals to prospective buyers as well!
When it comes to pricing your property, the decision is all yours. However, ensure you factor in what's trending on the real estate market so that your asking price has a realistic value. Your chosen agent can provide guidance and insight throughout this process - helping you strike a comfortable balance between valuation and practicality!
Prepare Your House For The Market
Show off your home's best assets and appeal to potential buyers by preparing your house for the market. It takes a little effort, but imagining what it would be like from a buyer’s perspective can make all the difference when trying to sell. Consider who might most want purchase – is there something particular they're looking for?
When it comes to staging your home, the type of prospective buyer you are targeting is key! Is it a single professional? A young couple starting their life together? Or perhaps even a family looking for some more space. Whatever kind of buyer best suits your house, focus on making sure they'll feel at home as soon as they walk through the door. Keep everything neat and tidy and make any necessary repairs before guests come by - that way when potential buyers tour with an eye towards placing in offer, all will be ready!
Put your property’s best face forward and make sure it gives potential buyers a great first impression. Improving the exterior can be just as important as sprucing up the interiors when you're trying to boost kerb appeal, so take some time on making those outdoor areas look inviting and tidy – don't leave that part of house hunting until last!
Legal Steps To Take
Reaching a point of agreement to buy or sell your property is an essential decision. All offers should be thoughtfully evaluated before making the final call, even if they seem not worth taking up – you can always decline them in diplomacy. Your real estate agent will communicate this message on your behalf whenever necessary.
Once you've accepted the offer, it's time to get down to business! Drafting up contracts and exchanging them is part of any successful move. Make sure your legal team can provide a helping hand for clarification during this process - they will make all the difference when tackling those conveyancing tasks.
Although buying or selling a property is an exciting milestone, the legal process that follows can be daunting. To ensure your sale runs as smoothly and stress-free as possible, having experienced solicitors by your side to guide you through conveyancing is essential - luckily there are detailed guides available which outline every step of the journey!
Move To Your New Home
Completion day is a thrilling time for all involved in the house selling process. Although this momentous occasion may bring with it some stress, it's also filled with anticipation and joy of what lies ahead. Whether you are simply moving into your new home or experiencing the added excitement of welcoming buyers to their own dream place, Completion Day can be an incredibly rewarding experience!
After everything that needs to be transferred has been completed and your mortgage has been redeemed, the keys to your first home will be given to its new tenants. This significant step will mean that you have just sold your first home. As such, you can live in your new home to begin a new chapter.
England will be the first country in the world to introduce mandatory electric car charging points for new-build homes.All new homes in England will have to be fitted with charge points for electric vehicles, as the government seeks to facilitate the infrastructure improvements necessary for the planned mass-adoption of electric vehicles.
The news comes as Department for Transport has announced a public consultation on the subject. If the planned changes to building regulations go through, it would force homebuilders to install charge points so potential owners could easily charge their plug-in hybrids and electric cars at home. The move would mean buyers of new-build homes would not need to make use of the Government’s home charger subsidy scheme, which has seen almost 100,000 wall-boxes installed.
No mention has been made of how new-build houses without off-street parking would be fitted with charge points, but last week the Government invested nearly £40 million into research projects that included wireless charge points, and charge points that rise up from the pavement.
The drive towards EVs comes as the UK Government sets out to meet stringent targets for air quality and pollution caused by internal combustion engine emissions. From 2040, the £1.5 billion Road to Zero strategy will see the sale of all new cars without electrification banned. Details of this remain thin on the ground, but it is understood new cars will have to be able to travel for 50 miles under battery power in order to be allowed to remain on sale, essentially removing all cars but pure electric cars, plug-in hybrids, and hydrogen cars from new-car showrooms.
In a separate announcement, the Department for Transport said all public charge points should accept contactless payments, with no need for a subscription, from next year, saving EV and PHEV owners from having to sign up with the numerous separate companies that run the UK’s network of public chargers. The DfT is also further investigating ‘smart’ charging, which makes best use of peak and off-peak electricity rates, and could see EV’s act as a hive-like network of power storage when large amounts of electricity are generated by wind turbines, for example.
As well as Road to Zero, the Government has also announced the UK is to be carbon neutral by 2050. With transport accounting for around a quarter of all greenhouse gas emissions, improving and reducing emissions from cars is a key target on the path to achieving this ambition.
Announcing the plans to mandate charge points in new-build homes, Transport Secretary Chris Grayling said: “Home charging provides the most convenient and low-cost option for consumers – you can simply plug your car in to charge overnight as you would a mobile phone.”
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