Trading down property


Trading down checklist

Checklist provided by



Take your time!
Carefully think through where you want to move to and what property type would be suitable.
If you are part of our ageing population - think about access to healthcare, shops, friends and family.
  Don't rush into buying in a new area, consider renting first.
  Research Energy Performance Certificates (EPC's).
  Choose a legal company.
  Research the market.
Find out what your property is worth - be realistic!
Find out how much the property you want is likely to cost.
How easy will it be to buy and sell or should you consider renting?
Budget for the move.
If you own the property outright, how much equity will you release?
Visit an IFA/tax advisor if you want to invest the money/give or leave to friends and family.  
What will it cost to buy and sell?
What can you borrow?
Identify which agents sell your property type/bracket.
Invite three agents to value your home.
Identify and brief the agents about the property you want to buy.
Contact us to find an agent.
Carry out viewings
Make sure you are getting viewings on your own property BEFORE you get too excited about viewing other peoples!
Choose a legal company before you make/receive an offer, ideally fixed fee.
Accept an offer BEFORE you make an offer!
Contact us for help if your sale/purchase falls through.
Organise an independent survey.
Don't forget, even though you might not need a mortgage, you will need buildings and contents insurance.
Finalise your mortgage offer and insurance (if required).
Manage the purchase of your property.
File your paperwork carefully - you'll need the purchase paperwork when you come to sell.
Work out what you want to take to the new property and what you need to put in storage or sell.
Organise your removals/packing subject to exchange.
Exchange contracts.
Organise your change of address.
Complete the sale and move in!
Keep your paperwork somewhere safe and check the SDLT forms have been filed.


All our information is brought to you by Kate Faulkner OBE, author of Which? Property books and one of the UK's top property experts.
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