Financial planning is important for sellers, especially if they are financing their next home purchase with the sale proceeds of their current flat.
You can use our Sale Proceeds Calculator to assist your clients in working out their estimated sale proceeds, so they are aware of how much they are likely to receive, and how much of their proceeds will be used for their next accommodation.
When assisting your clients in their financial planning, be sure to highlight the following:
- Outstanding payments involved - Sellers need to settle all the outstanding payments before they sell their flat.
- Costs and fees payable - You should also highlight to the sellers about other payments which may require cash payment (e.g. commission for engaging your services).
- Planning for seller's next flat