Selling your home can be a daunting experience for anyone, and it can be difficult to know where to start. If you live in Malaysia, or anywhere in Asia, there are a number of different steps that you must follow. If you are unsure on where to start here is a simple guide to selling your house.
Figure out your finances
The first step that you should take before selling your house is that you will need to figure out how much your house is worth. In doing this you will be able to figure out how much money you will be left with after you have paid off your mortgage. If you are moving to a new house you will need to speak with your mortgage lender about moving your mortgage over to a new property or switching to another lender.
Decide whether you want to buy or rent
When selling your house, you need to make sure that you have another property sorted for you to move in to. After selling your house, renting out property can be a great option for you. It will save you a lot of stress and hassle as you won’t be rushed into buying a new home straight away. Selling your house and buying a new one at the same time can be extremely stressful, therefore renting is a great option. But if you are in the market to buy a new house straight away check out this house for sale Kuala Lumper based.
Determine your selling price
One of the most important steps when it comes to selling your house is setting a selling price. This involves doing some research and getting to know the market of your local area well. Deciding on the price at which you are going to sell your house for will determine what type of potential buyers you will get. In order to help you set a selling price you should get a number of estate agents to do valuations of your house.
Choose an estate agent to sell your house
Hiring a retail estate agent to sell your house will be of great benefit to you, as they can sell your house for you quickly and easily. Estate agents will gather up any relevant information about your house and hold house viewings for interested buyers. The estate agent will show potential buyers around your house, in the hopes that they will put an offer in.
Prepare your home for sale
Prior to these viewings you should make sure your house is looking the best it possible can, as your house will be shown to potential buyers. It is known that if your house looks presentable, it is likely to sell quicker. So, you should tidy up, put away excess clutter and maybe give your walls a fresh lick of paint.
Accept an offer
If your house viewings were successful, it is now time for you to accept a buyer’s offer. If you were lucky enough to receive offers from multiple buyers, you will more than likely pick the highest bidder. Your estate agent will pass all of the potential buyers offers on to you and help you in making your decision.
Hire a conveyancing solicitor
Now that you have accepted an offer it is time for you to sort out all of the legal work. There is a lot of paperwork and contracts involved with selling a house, therefore you should hire a conveyancing solicitor to help you along the way. Conveyancing solicitors will talk you through all of the legal requirements and contracts involved, making the process less stressful and much easier for you.
Negotiate and exchange contracts
With the help of your conveyancing solicitor, you and the buyer of your house will have to decide on a number of different things. This typically includes the length of time you want to take between the exchange and the completion or what fixtures, and fittings will be included in the selling price. Once you have sorted through this, you can exchange contracts. This means the new buyer will now have legal ownership over the house.
Complete the sale
Once you have exchanged contracts with the new owners of your house, it is time for you to pass on the keys and move out of your house. Once you have accepted the new owner’s payment you must agree on a date to exchange the keys. This can be a very exciting yet emotional time, as you are now letting go of your old house.
Hopefully with this guide you will now be aware of the steps that are involved in selling your house and it may make the process easier for you.