We all know that putting your house on the market and closing a sale can be a stressful process. Even if you find a buyer, you’re not guaranteed to complete the transaction until contracts have been exchanged, which can take weeks and in some cases months.
So, what can you do to reduce the chances of your house sale falling through? The Derby Telegraph recently offered some advice that you may find useful.
One of the most common reasons for a sale falling through is a buyer pulling out. This can be for a number of reasons, but is often because they’ve made offers on more than one property to give themselves options and some security.
The best way to prevent this from happening to you is to ask your estate agent a lot of questions about the people making offers on your home, to ensure you pick the ones who are most likely to complete the transaction.
You should always ask your agent to check whether the buyer has a mortgage, as failing to get a mortgage is the second-most common reasons that buyers pull out.
The conveyancing process taking too long can be a stumbling block for some sales too. The newspaper noted that there are sometimes legitimate reasons for things taking a little longer, but that it’s worth chasing your agent and solicitor if you haven’t exchanged contracts within four weeks of accepting an offer, and if you haven’t completed within seven weeks of exchanging.
If you feel as though moving house is a bit too stressful and would rather improve your existing home by getting attic conversions in Long Eaton, make sure you keep all the paperwork relating to the building somewhere safe, so that when you do sell you have it all to hand to share with a buyer.
The same goes for any other home improvement projects – especially if they’re things that could add value to your home, such as installing loft insulation or replacing old windows.