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Ek234
Posts: 13 Forumite
We are looking to put our property on the market and buy another house struggling to figure out what we need to do and in what order.
Can someone give me a step by step guide on what I need to do from start to finish please? Eg when do we get an AIP? When do we need to appoint solicitors? Do we appoint solicitors when we put the flat on the market? That sort of thing.
1st time doing this and I need it explaining in idiot proof language. Many thanks
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Comments
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In the current climate, a seller is unlikely to accept an offer until you are in a position to sell, i.e. buyer lined up.
The simplest thing is to get 3 local estate agents to do valuation on your property and get them to explain the process. The EA may even have a simple leaflet to give. If you miss something from the first, then the second or third will probably be able to explain that part for you.
It is important to understand how much you can borrow early in the process, so you look at properties that are realistic. That could be through AIP, or a broker could advise. Again, the EA's often have financial product sales rep linked who can give you an early indication. You can talk to them but are not obligated to use them if you don't wish to.
No need to appoint solicitors until there is an offer accepted (for your sale and for your purchase).0 -
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