However tempting it might be to start your house hunting as soon as possible, there are a number of benefits to putting your own property on the market before you do.
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James Stevenson, Area Director for Central North, answers the question, "When should I get my property valued?"
Ready to buy
The first reason to put your property on the market before you buy is that it shows estate agents you're serious about moving. They’re more likely to accommodate viewings for you and for any offers you make on a property, they can share that you’re in a good position to move.
Secondly, a seller is more likely to accept an offer from a buyer who can proceed with that purchase, rather than one whose home isn’t even on the market, let alone have a buyer for it. In most cases, the only time a seller might consider a non-proceedable buyer is if they’re not in a rush to move and it’s financially beneficial to wait. That essentially means you’re likely to be paying over the odds to secure that property.
Browsing online will give you some ideas on what you'll want to buy. However, you’ll get a much clearer idea of what you can afford if you:
1. Get your property valued, for free, by an experienced Foxtons Valuer.
2. Then, we’ll send you a valuation letter with our recommended asking price, which you can bring to your consultation with a mortgage advisor, like our partner firm, Alexander Hall.
JS: "With 20 years of experience at Foxtons, I’m often asked, when is the right time to get my property valued?" "Well, it’s now. When you are looking at property listings, this is exactly when you should book a valuation. Don’t wait until you’ve found ‘the one’ or your sale won’t happen in time to buy it."
"When you are dreaming about your next move, when you suspect a certain area might be in budget, when your conversations start turning to ‘where’ and ‘what if’ and ‘how much, this is when you really need all the facts in front of you.
"After all, what have you got to lose? At your free valuation, one of our experts will show you how to achieve your property goals in today’s market.
So, pause your scrolling for a second and book a Foxtons valuation.
Source: This article has been reviewed and edited by the Foxtons Sales department, to ensure you have the best information at your fingertips for an easier journey in London property. If you have any questions, ask a Foxtons expert
