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Guide to selling your home when upsizing

Since 1998 we’ve been serving the people of Leicester and we’ve helped hundreds of clients sell their homes due to a desire to upsize their property. We call it ‘right-sizing’ because it’s about finding the right size home, whichever life stage you’re in.

Some people are excited about the idea of moving to a new, more spacious home where they might feel less cramped. Others are anxious – it’s a significant step, and many of the people we help haven’t sold a property for a little while. It could even be the first time. We understand that, in many cases, you are not just selling bricks and mortar but changing your lifestyle. You know the end goal is positive but when you’re already very busy, the upheaval is yet another thing for you to deal with. There are specific steps you can take to help you smoothly embark on the next chapter of your life, and we share them in this guide.

We understand how overwhelming it can feel to juggle all the plates at once. Which is why we can assure you you’ll always receive a patient, polite and professional service, should you decide to sell your home with us. Our aim is to help and guide you to make the best decision for you and your future.

In This Guide

Why people upsize

Romantic Relationships

You’ve met each other’s friends and been to some family events. It’s time to pool your resources, stop living out of a suitcase, and get a bigger place together.

Family Ties

Often, people move home to be nearer to family. This might be to support your parents as they’re getting older or to be more involved with nieces and nephews. You need more space to have them all round.

The Pitter Patter of Tiny Feet

You’d like to start, or perhaps grow, your family and know you need more space. A baby focuses the pain points of your current property and you know you need to upsize. How do such small humans need so much stuff?

New Career Move

You’ve finished your training. You’ve got that promotion. You’ve switched careers. Moving for work is a common reason for an upsize, as you’re likely to be in a better financial position and so able to get what you really want after moving on from your starter home.

Older Kids or Relatives

Sometimes upsizing stems from a change of needs. Maybe an older family member needs to move in with you, or your children are getting older (and bigger!) and need more space and that must-have for all teenagers – their own room.

Living Luxuriously

You’re a savvy saver and have been working hard. It’s time to move up the ladder and put your money where it’s safest – by investing in a larger property.

New Projects

It might be that your lifestyle has changed – a new hobby might require a music studio, a she-shed, a man cave, a photography studio, or even a space for working from home.

Our top four tips for your next steps

1. Get advice We understand how hard it is to find the time but getting the right advice at the start of the process will end up saving you time and, more often than not, money over the course of the whole transaction. Google can tell you a lot of things but there’s nothing quite like having an experienced estate agent at the end of the phone to give you accurate and bespoke support.

2. If it looks too good to be true… When you’re busy, quick sale companies can seem appealing. They have their place, but usually as a last resort.

3. Planning and packing There’s a lot to get sorted when you’re moving. Make a list of jobs to do around the house and work your way through them. Get your financial and legal paperwork in order as early as you can. Start packing. Pack everything away that isn’t useful in your daily life. Personal items like photos, ornaments, and seasonal clothes or toys can all be the first things to be boxed up. It makes tidying for viewings easier, too.

4. Assess the market Some estate agents use the unscrupulous practice of valuing your home at an unrealistic price. However, your property then ends up stale and stagnant on the market. You just don’t have time for that. Get three agents round to carry out a valuation or market appraisal. Assess them, not on the figure that makes you see pound signs in front of your eyes, but on the clearest comparables and most comprehensive plan of how they’ll help you achieve your goal.

Frequently Asked Questions

No good estate agent can guarantee you a specific amount, but they can support you in achieving the best possible price for your property in the market.

The caveat for this is that your goal figure must be realistic and achievable.

1) The location of the property itself, the nearby amenities, general environment and services in the area.

2) The presentation of the property, its current condition and possible improvements required.

3) The estate agent you instruct to manage the sale. Good, experienced agents will be able to achieve several thousands more for your property through their practised skill.

4) The strategy for selling. Make sure your estate agent has a good plan in place, so you know what they’re doing and whether you need to do anything, too. We can advise you on this.

How long is a piece of string?

Seriously though, a lot of it boils down to the four factors above. The earliest offers are generally the best ones – when your property is new and fresh on the market. This can happen quite quickly for some properties.

The next stage involves the mortgage providers, building surveyors, solicitors and other agencies involved if you are part of a chain. This can be a difficult and drawn-out process, but not always.

We make sure to communicate with everyone during this stage so you’re never out of the loop.

A bit like when you’re choosing estate agents, it can be really tempting to choose a solicitor based on their fees.

Unfortunately, it’s often a case of getting what you pay for. That’s not to say you need to hire the most expensive firm in the market.

We know the good guys and the less great guys, so just ask. We are always happy to share our experiences to make sure you avoid any pitfalls.

As part of point three from our Top Tips, it’s worth thinking about every element when you’re planning a move.

You might need to spend a little on getting the house itself ready.

There are also Stamp Duty costs when you’re buying in the UK.

We can chat through all of this with you, as it depends on what you’re looking to buy. The solicitors will charge a fee and there are often fees within that (depending on their payment structure).

You might need to hire a van or a moving company to help on moving day.

We’re used to it all and can explain things for you so you’ve got everything straight in your mind and don’t end up with any panic situations that you just don’t have time for.

With a bigger property often comes an increased monthly mortgage cost. Your council tax and other bills are likely to increase, too.

On top of these, a bigger place means more responsibility. This might mean a bigger garden to manage or more gutters to maintain. You might also need to spend out on new furniture to make the new space work for you.

Don’t just doodle some sums on the back of a napkin! All great estate agents know equally great, independent financial advisers.

Get a professional in to chat it all through. They can help find you the best deals in the market on things like mortgages and insurance.

The initial outlay for their time will often end up making you money as they can advise on ways to maximise your money with investments and pensions.

As with all the tips and pointers in this guide, the above doesn’t constitute legal advice. If you have any questions or things you’d like to discuss with us, please do not hesitate to get in touch.

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