YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS

ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT

 

HOME PAGE.jpg
MM FB logo.jpg
twit.jpg

IF YOU ARE IN A HURRY FILL THIS IN AND WE WILL GET BACK TO YOU

 

McCoy Mortgages does not charge a fee for a residential mortgage or protection insurance advice and applications. Other charges by lenders or insurance providers may apply. Please ask for a personalised illustration. McCoy Mortgages is a trading style of Keith McCoy Associates Limited. Keith McCoy Associates Limited is authorised and regulated by the Financial Conduct Authority, FCA number: 450724. Registered office: Unit 77 Cariocca Business Park, Sawley Road, Manchester M40 8BB. 

Data Protection Registration Number: Z9496401

 

About us Contact us |  Disclosure Document | Terms of Business l Financial Conduct Authority | Council of Mortgage Lenders | Money Advice Service

 

 

For Sale, Virgin.

May 21, 2019

 

 

We can all remember the first time, worried about what to say, being dressed right, smelling right, not seeming too eager and not looking apprehensive. 

 

Well here is a few things that may help you get through the first time house sellers barrier.

 

When to sell?

 

without a doubt late spring or early autumn, Winters are just too cold and wet and in the summer everyone is dreaming of a beach. Also, this may be more important in the countryside rather than in the cities. Why because often country house have big gardens and they just have to look good.

 

How much can I get for it?

 

Okay first of all watch out for the estate agents, their favourite trick is to overvalue your house so you are impressed and sign up with them, then when it doesn’t sell the agent will suggest dropping the price to a more realistic price, which is what it should have been all along. 

 

Avoid this schoolboy error by doing a bit of work first, the RIGHTMOVE website can help you get a ballpark figure for your house based on similar houses in your area. Remember this is not an exact science, even if the estate agent tries to make it seem that way.

 

How much will it cost me?

 

I am not going to lie, it's going to cost about £10,000. 

 

There are a number of things you can get to work on straight away, first of all, look how much it cost you to buy the house, how much did the estate agent charge, how much was the solicitor. It would be good to add 5% to those figures so you don’t get too much of a shock this time around.

 

Then have a look at the small print of your mortgage, do you have to buy yourself out of it, is there an early repayment fee.

 

Then work out what you have to do to get your house looking in top shape, does the front door need painting, does the lawn need painting for that matter.

 

The chances are you will not have paid stamp duty on your current house, but there is every chance you will have to on the next house. So look at the current stamp duty rates and factor that in.

 

Oh and don’t forget to add in the cost of the removal guys, you may have moved in with next to nothing in the back of a van, but that is not going to be the case when you leave. After all, you have turned this house into your first nest and probably fill it with stuff.

 

Okay, how do I do a viewing?

 

Well, first of all, you have to do the preparation work, which could be the fun part or the worst part depending on your DIY skills. 

 

Remember photos never lie, so prep the house to look spectacular in photos. 

 

Get rid of clutter, that means family photos and holiday mementoes, cut that newly painted grass, paint the scratched front door, take the contents of your garage around to one or both sets of parents and leave it there. 

 

Get a new carpet or rug if need be, buyers feet sticking to the floor is not a good experience.

 

Consider sending the dog or cat on an extended holiday and if you have a pet rat, well the longer the holiday the better.

 

Make the approach to your front door the best it has ever looked, buyers are like eaters and we know they eat with their eyes first.

 

Remember whatever you spend here will be worth it if you sell your house quickly and for the amount you want. It's not spending its investing.

 

Maybe ask a friend to come and play at being a buyer and give you honest, but tactful feedback. It may be the end of a beautiful relationship, but you will know what’s wrong with your house.

 

Help I have an offer, what shall I do?

 

Well, first of all, its the estate agents job to get you the best price for your house, but its a little bit more than just that. They also should try to get you the best person to buy your house which may not be the person who has offered the most. 

 

That sounds a little complicated so let me explain it better.

 

How quickly do you want to sell? is the prospective buyer in a long complicated chain or chain free, i.e. a first-time buyer. Are house prices about to fall, are interest rates about to go up.