1) Divorce/ Separation
Getting a valuation of your property when going through a divorce/ separation is a necessity and will be required as part of the process by your appointed solicitor. Some estate agents may charge a fee for letters in this instance, but we would be happy to discuss your circumstance and undertake a market appraisal of your home following this in writing to provide to your solicitor. Getting three valuations in this instance is very wise and will likely mirror the advice your solicitor will provide.
2) Probate
Probate is the legal process that takes place after someone has sadly passed away. Part of this process includes identifying and inventorying the deceased person’s estate, which will include getting any property held in the estate as part of the process appraised.
3) Re-mortgage purpose
A re-mortgage valuation gives you an indication of your home's current market value. Once you start the re-mortgaging process, your lender will then do their own desktop based or physical property valuation so that they can calculate your loan to value (LTV). It is always worthwhile getting a true current market appraisal from an estate agent, before approaching your lender, so at least you have an impartial professional opinion from a local expert.
4) Redeem Help-To-Buy/ Builder equity
Although this valuation for Homes England will need to be provided by a qualified RICS surveyor, getting in touch with a local estate agent with good knowledge of how the various Help to Buy schemes work, especially when it comes to redeeming your equity loan, can help to speed up and reduce the pain of this sometimes long and drawn out process. Having had lots of experience with the various Help-to-Buy schemes, we would be more than happy to walk you through the process!
5) Financial reasons
From time to time people need to sell up due to financial reasons/ difficulties and getting the right buyer within the right timescale for the right selling price can be crucial to helping your situation. Of course, this all starts with a confidential conversation with an agent you can trust to help in your hour of need, one that will not take advantage of your situation. Having helped many people over the years to get out of tricky financial situations by assisting their house sale, it is important to us to reduce the stress levels and worry at such a challenging time. Priding ourselves on securing the best-selling price for our seller’s, we won’t let you down!
6) Decide whether to sell or rent out
This can be a predicament many debate over when thinking of moving on and purchasing another home. Obtaining current market appraisals for both selling and renting your home, can help you to do your thorough fact find exercise to make the best-informed decision for you and your plans going forward. We would also recommend speaking to an independent financial adviser to explore the possibilities of both options, and how each would affect your onward plans/ mortgage payments, additional stamp duty etc. We work with a ‘Times Top 100’ Mortgage & Protection Adviser that can assist you with this. Visit our website on https://www.harper-williams.co.uk/financial-advice to request an appointment.
7) Decide whether to move or improve
There is no set answer to whether it is better to move house or extend on your current property, as it will depend on your individual circumstance and needs. Extending may seem like the easier option at times but it could be disruptive to your family's living and may not be as cost effective in terms of the end value it may/ may not add. Getting our professional advice and opinion once you have an idea of plans and costings is always wise before you go full steam ahead with any build/ extension.
8) Locality reasons – wondering if a new development, train station will increase/ decrease value
Any change in your locality is bound to raise questions around house prices for better or for worse, so don’t be shy, just pick up the phone and give us a call to discuss your concerns and ask our advice as the property professionals on whatever is happening in your local area and the impact this may have on your house price.
9) Part exchange valuation/ Assisted move schemes
If you’re considering buying a new build home, the developer may have spoken to you about ‘Part Exchange’ if this is an incentive on offer. Part Exchange lets you trade your existing home in as part payment for a brand-new property. The builder will use your existing home as part payment for the new build. It means you don’t have to sell your existing property privately or through an estate agent, guaranteeing you a sale. However, typically the developers will look for at least a 30% differential between the purchase price of your home and the price of the new build. As they see themselves as the facilitator to making the deal happen, they often offer as a part-exchange price significantly below market value, to allow for a profit margin when they re-sell your home on. It is always worth getting a true open market valuation from your local estate agent, before committing to any part-exchange deals. The difference in the overall equity achieved, could be huge!
10) Obtaining additional finance
If you are wanting to release some equity, secure additional finance, start a business, whatever the reason, knowing your assets current market value potential can help you make the right informed decisions about your future and potential calculated risks. Why guess and take a gamble, when you can know for sure? Contact our friendly team for a no obligation market appraisal of your home.
11) Want to move & need to sell
Your home is often your biggest asset. So, choosing the right estate agent to work with, is crucial! From deciding to put your property onto the market, to moving day, you will be dealing with your estate agent on average between 12-20 weeks, at least! Choosing the right property partner, who understands and connects with your moving goals, and is committed and accountable to helping you get there from start to finish is key! We appreciate that you will be making life plans, based on our honest advice from the outset. So, we do not believe in telling you what you want to hear, just to win your instruction. It is our job as the property professional to give you our best, honest advice and manage your expectations, so you know exactly what you are working towards to help you achieve your property aspirations within your required timescale.
If you have a property to sell in the WA5 areas of Warrington, Cheshire or the surrounding areas of Culcheth, Croft, Glazebury, Lowton, Leigh, Astley and Worsley, or if you are thinking of re-mortgaging, renovating, considering moving soon or just curious as to what your house is worth, we invite you to arrange an informal, confidential chat with our friendly ‘Award Winning’ team over a warm cuppa.
Contact us on 01925 407210 / 0161 503 6141 or visit our website:- https://www.harper-williams.co.uk/valuation to arrange a meeting.
