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Selling your house is certainly a big decision, and one you don’t want to make lightly. This said, sometimes our circumstance change and this means it could be beneficial to sell your home quickly.
These can include job changes, financial changes, inheritance, divorce, or repossession. You may also see you dream home on the market and need to sell fast so that nobody else snaps it up before you do.
Luckily, with the right preparation and estate agent, it can be done. Estate agents have access to the latest market information and expertise. They are also specialists in price negotiation and aim to get the right value in the time frame you want or need.
Whilst your house location and the housing market are major factors, you can tidy up the appearance of your home cheaply to speed up the selling process. Not only does this increase the likelihood of a quick sale but may even boost the price of potential buyers’ offers.
Consider redecorating any bold and controversial colours and wallpapers. Neutral tones are generally best for that ‘blank canvas’ appeal many buyers look for, and make your house appear lighter and spacious. Don’t forget the ceilings, doors and skirting boards.
It is not necessary to start large interior projects, but kitchens and bathrooms are a key focal point, and modern worktops or tiles can work wonders. Simple furnishings like mirrors are great at enlarging smaller spaces if you can. These can be taken with you to your dream home!
Everyone knows that you only get one chance at a first impression. It can be highly effective to mow your lawn, jet wash your drive and clean up your garden for agent photos and for any viewings. Ensure that there is not any rubbish or bins in plain view. Get out any garden furniture to help potential buyers imagine themselves living there, and de-weed any plants that are making your house look untidy.
Choose and inform a solicitor of your plans as soon as possible to speed up the writing of contracts and to get the best advice quickly.
You could aim your house at cash or first-time buyers. This avoids complication with long or broken chains which affect around 30% of buyers in their life.
Ensure you are clear about the fees your estate agent charges – some inflate their fees, overpromise or overprice your property to encourage you to choose them, only to fail at securing a buyer at that price. It is better to set the asking price lower when looking to sell quickly, see the offers fly in and then have room to raise it because of healthy competition and demand.
Also research the properties for sale in your area to see the sort of price houses alike yours should sell for. Note that asking prices are often slightly optimistic and represent what the seller wants, not what they’ll get. This is likely if the house has been on the market for an extended period of time.
Houses with larger gardens, those near highly rated schools and convenient transport links are valued higher by potential buyers.
There is not a universal ‘best’ approach to selling your home. You should think about your priorities. For example, do you mind getting a slightly lower price for a quick sale? Do you want control or are you happy for the agent to manage the process?
High street estate agents who use the open market take 270 days to sell a house on average. House auctions can publicly devalue your property if the reserve price is not agreed.
You can tell a lot about an agent from the quality of your communication with them. Choose an estate agent that listens to your needs. They should give you an idea of what your house is worth and how much interest there could be in what time frame. Keep in close contact so you are kept in the loop.
Be wary of long contracts. A typical high street agency will tie you into their service for at least two months. At SOLD.CO.UK, in the unlikely event that your property does not sell within 30 days, you can find another agent. We can also buy your house now to sell on to a third party.
Get a realistic valuation of your house
Bear in the mind that the highest offer may not necessarily be the best and certainly not the fastest. Some traditional estate agents value your home higher than its true value, to allow for inevitable lower offers, but also to get more time from you and make more money.
Thankfully due to widespread internet access, it is easier than ever to do your market research. You can get a valuation of your home for free with us.
Choosing a fast sale agent like SOLD.CO.UK is the only way to almost guarantees a quick sale in 30 days or less. This means you would not lose out on your dream home waiting for buyers.
You can book a no-hassle valuation for free. If you prefer to chat to us, call us on 0800 566 8490.