When you’re looking to purchase a new build home, one of the most important steps is getting yourself into a proceedable position. This means that if you have a house to sell, your current property is already sold (subject to contract) or actively on the market with a confirmed buyer position. Here’s everything you need to know about preparing your existing home for sale when you have your sights set on a new build home.
Why Being Proceedable Matters
To reserve a new build home, you must be in a proceedable position. This is crucial because new build developers often require you to meet specific exchange deadlines and they need to ensure you have the funds to purchase the home. Being proceedable means one of the following things:
- Your current property is sold subject to contract
- You are a cash buyer not reliant on the sale of any property to purchase your new home
- You are a first time buyer or in rented accommodation with no property to sell
You will be unable to reserve a new build home unless you are proceedable so if you have your heart set on a specific plot or house style, it is important that you get into the best position possible to avoid disappointment. Starting the selling process early helps avoid delays and puts you in the strongest position to secure your dream home.
Find out how purchasing a new build home differs from a second-hand property here
How to Get Your Property Market-Ready
- 1. Arrange an Independent Valuation
Understanding your property’s value is the first step. An independent valuation gives you a realistic expectation of what you can achieve, helping you plan your budget for your new build purchase.
- 2. Choose the Right Estate Agent
Select an agent experienced in your local area who understands the market. They should provide:
- Professional, high-quality photography to showcase your property
- Regular updates on viewings and feedback
- Realistic timescales for achieving a sale
- 3. Prepare Your Home for Sale
Make your property as appealing as possible to potential buyers:
- Declutter to create a sense of space
- Complete any minor repairs or maintenance such as replacing cracked tiles, touching up chipped paint and replacing blown light bulbs
- Ensure your home is clean and well-presented for viewings internally and externally
- Stage any key areas such as setting the dining table and making up spare bedrooms
- Make sure you have any paperwork ready for the sale such as floor plans, title deeds, warranties, EPC’s etc
The Kingswood Assisted Move Scheme
Looking to move but worried about coordinating the sale of your existing property? Kingswood’s Assisted Move scheme is designed to help you get home move ready by coordinating the sale of your current home.
Here’s how Assisted Move works:
- We arrange an independent valuation of your current home
- We organise professional, high-quality photography to showcase your property
- We contribute to the estate agent’s fees
- Our aim is to sell your current home in 6-8 weeks
This means you can focus on the exciting parts, choosing your brand new home and planning your move, while our expert team manages the sale process.
Additional Steps to Get Move Ready
Check Your Finances Early
Speak to a independent mortgage advisor who specialises in new build homes. They’ll understand:
- New build timescales and requirements
- Available incentives and schemes
- Lender requirements for new build purchases
Having your mortgage agreement in principle ready demonstrates to the developer that you’re serious and prepared and puts you in a strong position to reserve the home you want.
Choose Your Solicitor
Using a solicitor experienced in new build purchases can make the legal process quicker and more straightforward. We’re happy to recommend experienced solicitors who understand new build purchases and know our developments inside out. A solicitor will handle the legal side of purchasing your new home and will deal with transferring the ownership. Some of the things they may do include:
- Running local searches
- Checking boundaries
- Negotiating dates in the sales process
- Dealing with the exchange of contracts
- Legally completing the sale
Get Your Paperwork in Order
To reserve your dream new build home you will need to have these documents ready:
- ID and proof of address
- Financial documents
- Mortgage agreement in principle
- Details of your existing property sale
Being organised saves valuable time once you’re ready to reserve and puts you in the best position to purchase the home that you’ve got your eye on!
Find out more about the legal steps to buying a new build home here
The Benefits of Being Prepared
When you’re in a proceedable position with your existing property sold, you can reserve your chosen home with confidence and avoid delays in the purchasing process. Being proceedable as early as possible is important as it gives you a better chance of reserving your chosen plot. When you reserve a Kingswood home, you’ll be able to take advantage of our flexible floor plan options with Shape Your Home as well as choose your optional extras such as worktops and flooring.
Ready to Make Your Move?
Getting your existing property on the market is a crucial step in your new build journey. Whether you choose to sell independently or take advantage of our Assisted Move scheme, starting early gives you the best chance of securing your dream Kingswood home.
Our expert sales team is here to guide you every step of the way.
Contact us today to discuss how we can help get you home move ready, or visit our website to view our available homes and explore our developments.
Don’t let your current property hold you back from finding your dream home. With the right preparation and support, your move to a brand new Kingswood home could be closer than you think.
Featured Developments
