Selling -Vs- Letting?
Let our experts help you to make the right decision for you...
There are many aspects to consider when contemplating whether to sell or let your property, and our experts will be pleased to guide you through this decision making process.
As well as exploring the financial feasibility of keeping your property as an investment, a common dilemma is whether or not the letting income generated, together with the increase in the capital value, will prove more lucrative than alternative types of investment. It is therefore important to fully explore the selling and letting costs and options in detail, and this is where Gibson Honey can help.
Valuation
At our initial valuation appointment, we will provide an accurate and honest appraisal of both the sale price and the rent that we would expect to achieve, and we will also advise on any changes or modifications that may enhance the sale or rental value.
How much does it cost to sell?
Once you have an accurate valuation of your home, it's a great time to make a list of all the approximate costs you may have during the selling process. Budgeting carefully from the start helps to avoid nasty surprises further down the line.
Costs you may need to consider include:
Estate agent's selling fees
Conveyancer's legal fees
Energy Performance Certificate (EPC)
Removal costs
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These are costs related to the sale of your property, and there will also likely be other costs associated with purchasing or renting your next home, so remember to include them too.
Finance
Our in house and Independent Mortgage Advisors, will be able to provide a comprehensive view of the financial commitment and options when considering your move. They are experts in the Let-to Buy mortgage market, with access to exclusive rates, and will be able take you through the process and detail of this particular type of mortgage.
Becoming a Landlord
We appreciate that for a prospective landlord, there is a lot to consider, and we will take the time to fully explain all of the legislation and safety requirements relating to a letting, to ensure that you have a good understanding of the costs involved, the obligations of both landlord and tenant, as well as the process and timescales involved. It is important to us that we find the service to suit your needs, so that you are comfortable with the level of involvement that you will have during the tenancy and we will explain in detail the various options that we offer.
We understand that this is an important decision and we hope that we can help.
We look forward to meeting you.