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Home Truths: Smart Moves - Why moving need not be stressful

PUBLISHED: 11:34 06 March 2017 | UPDATED: 11:34 06 March 2017

EXG MAR 17 HOME TRUTHS

EXG MAR 17 HOME TRUTHS

©Paul Eccleston Arthouse Ltd

Andrew Loveday, sales & marketing director for Essex-based homebuilder Countryside, explains how a developer can help if you have a home to sell

EXG MAR 17 HOME TRUTHS  EXG MAR 17 HOME TRUTHS

If you’re an existing homeowner, buying a new home can become complicated by having to sell your old one. As the chain forms, the chances of a broken link unfortunately increase and create uncertainty. What you may not know is many homebuilders, like Countryside, offer a number of initiatives to help make the moving process as easy and stress-free as possible.

One initiative is the Part Exchange service, which has helped many of our homebuyers secure their dream home. As you sell your existing home directly to the developer, there are no estate agents fees to pay and you’ll have a guaranteed buyer, so there are no worries about the chain collapsing. It also enables you to stay in your own property until the new one is ready to move into.

Another relatively hassle-free and cost effective option ideal for those needing a helping hand is an Assisted Move, whereby the developer instructs two selling agents on your behalf and pays their fees when it’s sold. Unfortunately, things don’t always go to plan when moving house and chains can be broken unexpectedly at any time.

Many developers, like Countryside, offer a Chain Break service, which means the developer could buy a house further down the chain to facilitate the purchase of your new home. The final consideration is not selling at all and instead choosing the Let to Buy route.

It’s a way of keeping your current home and purchasing another. Letting your old home can often be a good investment opportunity and the rental income could contribute towards your new mortgage.

Always:

• Expect the unexpected when choosing to sell yourself. Buyers can change their mind, surveys reveal the unforeseen and circumstances often change.

• Take the various options into consideration, most developers offer a range of helpful schemes if you have a home to sell.

• If you’re buying new, always work with the experts. New home sales advisors help people move every day and can recommend estate agents, solicitors and mortgage brokers able to guide you through the process.

• Be a responsible landlord. If you opt to let your existing home then you must know what is expected of you when becoming a landlord.

Never:

• Assume you won’t get the best possible price for your existing home if you part exchange, offers are usually 100% of the market price, based on independent valuations.

• Underestimate the level of hassle and lost time you’ll incur if you choose to sell yourself.

• Give up. If you’ve decided on a new home and your sale has fallen through, there are always options. Talk to the developer and find out how they can help you get moving.

• Assume just because you have accepted an offer on your home you’ll be moving. Chains often fall apart. However, if you opt for the part exchange route, you’ll have a guaranteed buyer.

Picture This:

Known as The Tamar, this impressive five bedroom, three bathroom house is located on the Little Hollows development, a small and exclusive collection of homes near the tranquil village of Chignal Smealy, on the outskirts of Chelmsford. Nestled in beautiful countryside, but less than three miles from Chelmsford city centre, the homes have been thoughtfully designed and include a very high specification as standard.

Prices for The Tamar start from £699,995 with Part Exchange available. For more information visit www.countryside-properties.com or call the sales team on 01245 442362.

Andrew Loveday

Andrew Loveday has a wealth of property experience having worked in the secondhand and new build sector for many years. He is now the sales & marketing director for Essex-based homebuilder, Countryside. The company has numerous developments throughout Essex and a knowledgeable sales team trained to make the home-buying process as simple and stress-free as possible.

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