How to Get the Best Price for Your PropertyPosted by: Finlay Hewitt | Posted on: August 9, 2019
These days, the property market is sluggish, and it’s taking a total of 85 days to sell a home on average. That’s a whole 2 weeks longer than it was taking last year! Homeowners who are selling their properties should use all the help they can get, so it’s good for them to know how to get the best price for their property in this slow market. By following a few simple steps you can ensure you aren’t left out of pocket and sell your home for a great price. Here’s how:
Be Realistic About What Your Property is Worth
Buyers need to make sure they’re realistic about what their property is worth. This is a very important step, as properties could drop by around 5% over the country this year. Try to get a free house valuation to help you work out a realistic asking price! You can click here to get more information about it.
Set The Perfect Asking Price
If you set your asking price too high you’ll make buyers lose interest, and if you set it too low you’ll be doing yourself out of cash. To help you set a perfect asking price, compare quotes from various estate agents and keep your eye on similar properties to see what they sell for.
Remember; The Smaller The Chain, The Better!
Sellers should avoid long property chains by all means. As a rule, the smaller the chain the better! This will help minimize your risk of getting involved with a buyer who would try to get mortgage finance under current conditions, too.
Rent to Break the Chain
If you rent short term, you can help break the chain and become more flexible. You’ll then be back to square one as a first-time buyer and easily be able to wait a little longer for the perfect offer.
Choose a Good Estate Agent
When finding a good estate agent to help you with your sale, there are two things to remember; you want them to offer you a low fee, and the shortest lock-in period they can possibly muster. Many agents will try to charge a percentage of the sale price, but avoid one that tries to prevent you from finding another agent to market the property if the first fails to find a buyer.
Showcase Your Home
You need to showcase your home, so if it’s a bit of a tip, now’s the time to get cleaning. First impressions really do matter, and you can’t just expect potential buyers to use their imagination when it comes to viewing your house. The outside of the house should be nice and tidy too, as this is the first thing a potential buyer will see. Perhaps you just need to declutter everything and make sure it’s clean, or perhaps you need to gut out certain rooms before offering viewings. Either way, you need to make the effort!
Exchange Contracts ASAP
You can’t turn back from an exchange of contacts, so try to get to this point as fast as you can. Check daily how things are going by calling/emailing your estate agent and the buyer, and make sure you return any information to your solicitor ASAP.
By following these tips not only will you get the best possible price for your property, but you should also be able to make the sale quickly. In this housing market it’s important you’re proactive, so don’t just sit there; get going!