26 April 2016

A guide to buying your next home

If your current home no longer meets your needs and you’re looking at taking the next step, our video will help you to understand the process of buying and selling a house. We discuss the best time of year to put your house on the market, how to best present it as well as taking you through the legal process for both buying and selling. If you think it is the right time to make the next move then take a look at our mortgage section to see how Nationwide could help.

Helping you take the second step on the property ladder

Play video - Helping you take the second step on the property ladderPicture of a family in a photo frame

If your current home no longer meets your needs…

…and you’re ready for that next step on the property ladder…

…here’s our top tips on helping you find a buyer…

…and completing that sale.

Before selling your existing home though…

…always give your finances the once over…

… so you know what budget you have for your next home.

You’ll also need to decide what price to ask for your current home.

Too much, and it won’t sell. Too little, and you might not have enough for your next place.

An estate agent will often value your home for free.

And the Land Registry’s website shows what other homes near you have sold for recently.

You could get an estate agent to sell your home for you…

…but bear in mind they will charge a fee for this.

You might also want to consider when the best time of year to sell your home is.

Try to avoid winter if possible…

…and aim for spring or summer when your garden probably looks its best.

Then, when the time comes for potential buyers to look around…

…make sure everything’s clean…

…clutter-free inside…

…and out…

…and perhaps even give things a lick of paint if they need it.

If you can, try and move pets out of sight during the viewing…

…and maybe even put a pot of coffee on to mask any...odours.

You’ll need to provide an Energy Performance Certificate—or EPC—which shows how much energy your home uses and what it costs to run.

Alongside all this, you also need to keep an eye on the market…

….and arrange to look ‘round properties you’re interested in buying.

Then hopefully before long, you’ll receive an offer on your home…

…and once you’ve agreed a price...and what’s included...and not…

…you’ll need a solicitor to complete the legal paperwork of both buying and selling a property…

…and the often fiddly business of liaising with other parties up and down the chain.

Then when everything’s done…

...and contracts are completed and signed…

…all that’s left to do…

…is take that first step into your new home.

Looking to move house?

Whether you're with another lender or with Nationwide, if you're looking to move home we have a range of deals that could suit you.

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YOUR MORTGAGE IS SECURED AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

All mortgages are subject to underwriting and criteria. Minimum age 18.

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