Moving abroad is an exciting time for any family, but it can also be stressful. While the United Kingdom (UK) is currently in lockdown you can still prepare for your up-and-coming move happening later in the year. Here are a few tips to think about if you are planning on selling your home when relocating abroad:
Consider whether selling is the right thing to do
First of all, it’s worth looking at whether selling is necessary. Renting your house out whilst abroad can be a less risky proposition, at least for the first few months. This does mean you probably won’t have the capital available to buy a property abroad. However renting can be a good way to get a feel for where you want to live, and property hunting when you’re in the country is far easier than searching remotely.
Choose agents carefully
Renting – or selling – can be simplified by using a good agent to manage the process. When renting your property some agents, for a fee, can manage the property for you, find tenants and even organise repairs.
Talk to HMRC
Whether you’re selling or renting it is important to advise the tax man of your intentions and seek financial advice. If renting out a property in the UK you may be able to apply for the Non-Resident Landlord Scheme, which has tax advantages. Bear in mind that you may have to take Capital Gains Tax into consideration if you sell after a period of letting your UK property.
Time your house sale carefully
If you do decide to sell, you need to work out whether you want to complete the sale of your house before or after you emigrate. If you sell after emigrating it may complicate things, and you’ll need somebody to help with financial affairs in the UK.
Get at least three separate valuations and do your own research, don’t just accept the highest valuation given. A house with a realistic asking price will sell much quicker.
If your moving day is approaching and you aren’t close to selling, it’s worth lowering your asking price to make a quick sale. You might not be getting the full value of your home, but it means a lot less stress in the long run.
Think about how to de-clutter
As you’re preparing on selling your home when relocating abroad, there’s probably a lot of things you won’t be taking with you, and it’s important to remember that shipping bulky items is sometimes more expensive than buying replacements. Offering your house for sale furnished or part-furnished may be an option. Alternatively sell as many of your private goods as you can before leaving. The money will come in handy when you arrive in your new destination and a tidy house is easier to sell. Appoint a reliable relocations company to move your remaining goods safely.
Improve your property’s kerb appeal
Whilst there are a lot of unique things to consider when moving abroad, you’re still trying to sell your house, and the standard tips still apply. Make sure the exterior of your home creates a good first impression by painting fences, putting up some hanging baskets, or even just cutting the grass. You’ll be surprised what a difference it makes to prospective buyers.
Moving abroad this year? Please click here out how we’ve updated our service delivery to support our customers this year.