Doorsteps blog posts

Blog entry by Doorsteps

How Much Does Selling a Home ?

There is no question that buying a home can be an expensive venture. Buyers must not only pay for the price of the home and agent fees but also taxes, valuation, and arrangement fees. To be sure, buyers are usually prepared and understand the expenses they will incur. But what about the seller? It is not uncommon for the seller to have some costs when selling a home which may come as a surprise if they have not consulted with the right people. Working with a our agents makes the selling process simple and surprise free. We take the time to discuss any problems and what costs may come with selling your home making the process easy and stress free. Prepare yourself to have some of the following costs as a seller.

  • Estate Agent Fee. Estate agents like the professionals at Doorsteps are expertly trained to know the legalities of selling a home. Choosing to enlist the aid of an agent will cost some money usually a little over 1% of the total selling price of your home but is well worth the expense. Saving money by not using an agent could cause more problems and headache trying to wade through the contracts and seller’s responsibilities.
  • Conveyance Fee. The conveyance of property is transferring the title ownership or deed from buyer to seller. This will need to be completed by a professional conveyor and can be somewhat costly.
  • EPC Fees. An Energy Performance Certificate is necessary when you are a selling a home. An EPC evaluation can run anywhere from £50 to £150 depending on the agency. The certificates rate your home’s energy efficiency on a scale of 1-8.
  • Removal Costs. If you own a small property hiring a removal company may not be worth the cost to your budget. These companies pack up your home and move your belongings from the home you are selling to your new house. You can request a quote from a number of companies to obtain the best price. It pays to check out reviews for companies as well to insure you are getting quality and reputable service.

Most of the fees will need to be paid for upfront so budgeting in the costs for services is a good idea before you sell your home. Your agent can walk you through the entire process and even make recommendations for which companies to use. Call  us for more information about selling your home.

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Blog entry by Doorsteps

Top 5 Things That Could Ruin a

You have had your home listed and ready to sell for some time. A successful open house has led to an offer that you don’t want to pass up. The buyer seems to have the loan pre-approval and everything appear to be lined up and ready to go to close on your house. Your agent calls and the sale has not gone through. So what happened when everything seemed to be working out according to plan? There are actually a number of things that can go wrong before the final papers of a home sale have gone through. Fortunately, your agent knows what pitfalls to be weary of and how to keep your sale from falling through.

  1. The buyer wants your house and has made an offer but now they are backing out and the sale won’t be completed. What happened? For many buyers they can only purchase a new home once their current home has sold. If they cannot move their home off the market, your sale can’t close either. To prevent this from occurring, ask when offers are made if the sale is contingent on the sale of another property.
  1. No pre-approval. Another seller beware scenario involves a buyer making an offer without having prior approval for a mortgage loan. They may have assumed that they could acquire a loan without a problem but are rejected and therefore cannot follow through on their offer. It is safe to ask if they have pre-approval before accepting an offer.
  1. Failed home inspection. It is always best to pay to have a home inspection completed yourself. Waiting for a buyer to pay for an inspection that leads to surprise problems is a sure way to end an sale. If you know about any problems beforehand you can have them fixed or least disclose any problems.
  1. Appraisal problems. If the buyer’s bank appraises the home for much less than the selling price, they won’t approve the mortgage loan. Even in a seller’s market banks can’t justify financing a loan for a house that appraised £10,000 less than the price offered.
  1. Paperwork deadlines. An experienced agent like those at Doorsteps work hard for you. They won’t miss a deadline for paperwork and contracts like more inexperienced or unqualified agents. Closing on your home sale is dependent on meeting deadlines for paperwork. Don’t trust this task to any other company.

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Blog entry by Doorsteps

Some Helpful Tips When Buying

Homes that are in foreclosure may seem like a great opportunity to get a new home at a very low price. But most of these properties come with a “buyer beware” tag and are going to require a lot of work and money. If you aren’t in the business of flipping these cheap properties to sell for profit you may find yourself in over your head. Before you decide on buying a foreclosure, follow some of these tips for the process of purchasing and then fixing up your potential dream home. We experts in helping your buy and sell homes. Get in touch with Doorsteps today to learn more about purchasing your new home.

Tips for buying

  • Look past the buying price. While the low price may seem extremely appealing and easy on the budget look into what the cost for repairing will be. Depending on the amount repairs and updating need you could easily max out your budget even with the cheapest list price. It’s wise to have an inspection before you decide to buy.
  • Don’t buy sight unseen. You can purchase a foreclosure without every looking at the property in person. Unfortunately, when going this route you aren’t able to assess the amount of damage and how much work will be needed. It’s best to check out the home in person and decide if you are willing and able to commit to the project.
  • Be ready for a long purchasing process. Foreclosures unlike regular mortgages require more paperwork and longer periods of time to clear for a closed sale. If you are in a hurry to purchase a home and get settled a foreclosure is probably not for you. Getting preapproved for a non-conventional loan to purchase a foreclosed property can help make the process go smoothly.
  • The final sale is “as-is” This should be common knowledge but make sure you understand this concept. There are no contingency contracts or asking the seller to update or repair anything. When you decide to make an offer on a foreclosure what you see is what your buy.
  • Get some legal aid. You may want to have some money saved back in case there are any legal issues when purchasing a foreclosed property. Some owners can come back and try to regain possession. Having a legal representative can help to navigate these waters when and if your sale gets tricky.

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Blog entry by Doorsteps

How Odd Numbers and Triangles

If you have studied anything about art and the focal point of a photograph or painting, you would have most likely heard that odd numbers and triangles are what draw your eye’s attention. No, we don’t mean literally numerals and well drawn triangles, we are talking about the arrangement of furniture, decor objects, and even wall hangings. When staging your home for sale, some important but sometimes ignored tricks involve the decorations on your mantels and the pictures or hangings on your walls. To make the most of a house showing, redecorate your home in a way that will catch buyer’s attention and make them feel as though they could see themselves living in your attractive space.

To use this focal point strategy, begin with wall hangings. Consider one larger canvas with three smaller coordinating pieces that can be hung and arranged flush next to the larger for an interesting focal point above headboards or on the main walls in rooms. If you are hanging multiple frames or canvases, remember to keep the number odd for an attractive and eye pleasing display. It is also important to keep wall hangings as impersonal as possible. Choose decorative prints with patterns or artsy designs to replace personal photos and mementos on your walls.

The triangle strategy works best with props and decor on end tables, mantels, counters, and coffee tables. Keep to odd numbers when decorating these areas as well. Imagine a triangle when arranging multiple objects and keep them in triangular formations for the best possible focal point. If you have books strategically placed, stack them in decorative piles of three or if you have vases with flowers keep the flowers in an odd number. Other decor pieces should be arranged in odd numbers as well. You can use triangles for decorating wall space as well with hangings, clocks, shelves, etc.

As with many other strategies,  it is important to keep your home as decluttered as possible. The key is a warm and inviting space without being too full or appearing messy. Keep personal effects picked up and put away making your home appear as though anyone could be living there. Potential buyers can get the feel of how the home would be if it were their own.  We’re happy to help with staging and decorating to add appeal to your home and encourage buyers to make an offer leading to a successful sale.

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