Resale Guide: Smart Tips for Buying and Selling UK Homes
Thinking about buying a resale house or selling one you already own? You’re not alone – most Brits trade in existing homes rather than building new ones. The resale market moves fast, but with the right approach you can score a great deal or fetch top money for your property.
How to Spot a Good Resale Property
First off, walk around the neighbourhood. Does it feel safe? Are the schools, shops and transport links convenient? A house in a thriving area will hold its value better. Next, check the basics: roof condition, damp, and any structural cracks. A quick visual check can save you thousands later. If you find a crack in the foundation, measure its width – anything over 3 mm is a red flag and worth a structural engineer’s opinion.
Don’t ignore the paperwork. Ask for the latest Energy Performance Certificate (EPC) and any building control approvals. These documents tell you whether past extensions were done legally. In the UK, you can add certain extensions without planning permission, but you still need to follow building regulations.
Negotiating the Price Like a Pro
When you’ve narrowed down a property, it’s time to haggle. Start with a realistic offer based on recent sales of similar homes in the same street. Use online tools or talk to a local estate agent for accurate figures. If the seller mentions high repair costs – for example, a faulty foundation or roof leaks – factor those into your offer. Show receipts or quotes to strengthen your case.
Never forget the ‘cash‑in‑hand’ advantage. If you can move quickly and have a mortgage pre‑approval, sellers often prefer you over a buyer who might stall. Mention your readiness in the negotiation email; it can tip the scales in your favour.
Finally, protect yourself with a thorough survey. A structural survey will highlight hidden issues like subsidence or faulty damp proofing. If the survey uncovers serious problems, you can either ask for a price reduction or walk away – the choice is yours.
Whether you’re selling, make sure your house looks its best. A fresh coat of paint, tidy garden and decluttered rooms can boost perceived value by up to 5 %. Small investments in curb‑appeal often pay for themselves when the buyer makes an offer.
Resale isn’t just about price; it’s about confidence. Knowing what to look for, how to negotiate, and when to pull the plug puts you in control. Use these tips, stay realistic, and you’ll navigate the UK resale market with far less stress and more success.
