Friday, August 24, 2012
Mark Hayward, president of the NAEA, said: "Downsizing was
once something done to free up funds of homeowners approaching
retirement. It is now an option being taken by homeowners of all
ages who can no longer afford to pay the mortgage.
"In a time of economic uncertainty, downsizing can make a lot of
sense, especially for anyone who has an unused spare bedroom, or
whose children have flown the nest. Even though finding a buyer may
be tough, homes are selling if they are priced correctly."
Assess your needs
It may sound obvious, but is easy to forget in the rush of
packing: don't take what you don't need. Downsizing is a
great opportunity to focus on exactly what you want in your new
home and get rid of any clutter.
Sell what you don't need
Selling unwanted items could provide a welcome cash injection to
help with the move. Utilise local newspapers, local shop windows
and car boot sales. If you have time before the move, online
auction sites such as eBay could be useful but are more time
consuming. You may even be able to sell some items - such as
curtains or white goods - to your house buyer.
Some large furniture items and white goods require up to six
weeks delivery time. To avoid spending the first night in your new
home without a bed, order these items in good time - although wait
until after you have exchanged on the home.
Remember to plan how delivery teams will access the property; if
your new sofa will only fit through patio doors, make sure there is
adequate access to your garden from outside the property.
Set up your utilities as soon as possible
Liaise with the agent and get the details of previous utility
providers so you can call them to set up new accounts. Also, make
sure that your phone and broadband services are ordered prior to
moving in as these often take a few weeks to become active.
Ask the professionals
The easiest way of getting the most up-to-date information that
you need about moving home is to consult a respected, local
professional. Agents who are members of the NAEA are experienced,
qualified and licensed, and can be found at www.naea.co.uk. A
professional agent can be invaluable in the selling process.
* Data from Rightmove's House
Price Index for May