Selling your UK home

Selling your UK home and upping sticks to move to France is something many Brits are still doing

Image

Selling your UK home and upping sticks to move to France is something many Brits are still doing – especially those of retirement age (or thereabouts!), like us. Yes, this may be taking a risk, but if you have long been tempted to move to France and been putting off the day, now is an excellent time in which to do it.

 

The property market in the UK is different from that in France. UK prices have risen substantially over the last five years or so, but in France it is still very much a buyer’s market. Coupled with the strong pound and very low mortgage interest rates in France, you may well consider biting the bullet and selling your UK home, cashing in on the seller’s market in the UK - and then of course, you have the joy of seeing how much your hard earned cash will buy you in France!

 

It’s always a good idea to have a big clear out before putting your house on the market, wherever it is. No one likes to see clutter, and even though we all have some, selling your home and wanting to present it in the best possible light is a great incentive to be a little ruthless - and either give items and clothes you have not used for decades to a charity shop, hold a car boot sale or simply have a good throw out! You would be surprised out how rewarding this exercise can be once you start.

 

Another good tip is to take a considered view on anything which needs improving. Don’t start to revamp your bathroom or kitchen for example: as long as they are clean and tidy, there is little point shelling out money to make big alterations; most people will want to do something themselves when buying a property and extensive renovation is not really needed. On the other hand, a lick of paint here and there probably is a good idea. Make sure your front door and entrance look bright and spruce: first impressions really do count. If you have a garden, give it a bit of a tidy up. Get in fresh flowers regularly once you put your house on the market and yes, that smell of coffee brewing really does help and makes a tremendous warm welcome.

 

If you are going to be buying in France of course once you sell up in the UK you are going to have to pay in euros. One of my top tips is to remember to register with Smart Currency Exchange so that you get the very best rate when it comes to changing your sterling into euros. They will watch the rate for you, let you know when your target rate is reached or sort out a forward contract for you. This is so important since the rate of exchange obviously makes a massive difference when exchanging large sums such as on a house sale. Have an idea of what you want to achieve in euros and keep to that so that you are not disappointed by any great fluctuation in the rate of exchange. As I mentioned, the pound is still strong against the euro as I write so you can take full advantage of this right now.

 

It may just well interest you to know that we have several British friends who have bought in France – some second homes and some who have sold up in the UK and moved here. I can say with hand on heart that of those who have decided to go for it and move away permanently have absolutely no regrets whatsoever - aside from wishing they had done it sooner, of course!


Further reading for Buying In France

Image

Viewing Guide

Finding the right property and can be a challenge. What do you need to think about early on?
Read more...

Image

Legal Matters

Buying a property in France has very different legal requirements to the UK. 

Read more...

Image

Hidden Costs

Spending tens and even hundreds of thousands of pounds on a property in France is a HUGE decision.
Read more...

Image

Currency Zone

Did you know that you could save thousands of pounds when emigrating by using a currency specialist?
Read more...