Buying and Selling Property in the Big Smoke

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If you love big, happening cities that have a 24/7 buzz about them, why not make London your home? The English capital is one of the most popular cities in the world to buy a house, and people from around the globe flock here to buy themselves their very own piece of London town. Not only does the city have St. Paul’s Cathedral, Tower Bridge, and Buckingham Palace, but it’s also famous for its music scene, jobs market and as a transportation hub not only for the UK, but for the rest of the world. If you’re looking to buy or sell a house in London, read on.

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Buying a House in London

Buying a house in the world’s greatest city can be a real challenge. Not only is it complicated and stressful but it may also take a lot longer than you think possible. It’s also one of the biggest transactions you will make at any time in your life. Buying a house in London is like renting, except there’s more hoops to jump through, more paperwork and it’s even more expensive. Before you begin looking for your perfect property, it’s important to sort your mortgage. You need to know what you can afford. The general rule is that you can borrow up to five times your annual salary. But, various things can scupper that, particularly your credit rating.

If you want to make the process as swift and hassle-free as possible, it pays to meet estate agents in person. Allowing them to put a face to your name means you’ll be at the front of the agent’s mind when a great new property comes only to the market.

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Selling Your Home in the Capital

If you’ve come to the conclusion that living in the Big Smoke isn’t for you, you may be looking to sell your home. You might assume that selling a property in this popular city is a simple task, but this isn’t always the case. The first and most important thing to do, before you even start to think about marketing your home, is to get an accurate valuation. You need to make sure that your property is valued at the right price, and that you’re not overpricing or underpricing it. Whilst underpricing it will almost certainly shift it, you won’t get what you’re owed for it. Try using the House Network Instant Free House Valuation Tool. This useful took can estimate house values according to postcode, number of bedrooms and the time of year at which you plan on moving.

Whether you’re buying or selling in London, you’ll need lots of persistence, tenacity and expert advice to ensure that your transaction is smooth and stress-free.

 

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