The first signs of Christmas are starting to appear despite it only being September. Shops are putting signs up, emails about Christmas parties are coming through and of course the evenings are getting longer and the weather cooler. As the busy Autumn market picks up pace, many buyers and sellers are contemplating a move and wondering if there is still enough time to be in their new home before Christmas.
So what do you need to do to ensure you are:
October is a significant month and one which sellers should aim for. Any property coming to market now should be under offer by October in order to complete before Christmas. Any later than this, and you may struggle as solicitors prioritise urgent cases and removal companies get booked up months in advance as the colder weather approaches.
Ensure that your property photographs are taken as soon as possible and while the weather is still relatively good, ensuring interiors are light and bright and there are leaves on the trees if you have a garden
Collate any and all information relating to your property now so that when it goes under offer, your solicitors are not delayed by you having to find the documentation.
Make a date with a mortgage broker in advance of even viewing a property. They are trained to know how to deal with a variety of lenders and will advise you on what you will specifically be required to provide which is very dependent on individual circumstances. Since the introduction of the mortgage market review, your mortgage application is probably the biggest hurdle you will face so having someone on your side who knows the process is imperative.
Ensure that you do everything necessary in the first four days following your offer being accepted as these are absolutely crucial for every sale. Key is to ensure that you appoint a solicitor, return the instruction forms as quickly as possible, arrange and pay for the relevant property searches, decide on a mortgage product and supply the relevant financial information and anti-money laundering documentation.
If buying the property also involves lengthy negotiations for separate issues such as lease extensions etc, see if it’s possible to undertake these at a later stage as this will hold up the process.
On both sides of the process, preparation and planning are the most important elements. Finally, ensure that you communicate on a regular basis with all parties involved so that they are all aware of your Christmas timings.
If you are interested in buying a home, click here to find out more and search for a property.
If you are selling a home and would like to arrange a valuation, you can do this here.