6 top tips for selling your home
Selling your home is one of the biggest financial transactions you will complete and making mistakes during this process can become costly if not handled the right way. In order to sell your home, you need to be objective, whilst it is your home, it’s also your financial asset, so you need to think about everything that needs to be in place in order for you to put your property on the market.
Choose the right estate agent
In our earlier blog https://james-douglas.co.uk/choosing-the-right-estate-agent-for-you/ we breakdown all the ways in which will help you find the best estate agent for you. Be sure to do your research and factor things like cost, recommendations and credentials.
Fix up the home
We would suggest making any minor and major repairs to your home prior to putting your property on the market. Perhaps the house requires a new water heater, a kitchen re-fit or even just a lick of paint. Making these changes and refreshing the property enables your agent to portray the property in the best possible light when marketing and potential buyers wouldn’t be put off by any work that needs to be done. In most cases, making improvements to your home before going on the market can achieve you a higher purchase price (depending on the amount of works carried out), however, this also does depend on other factors, such as location etc.
Be open to the idea of staging your home as its important for a prospective buyer to reimagine the space as their own. There is a fine line between going too minimalist versus too much clutter in the home. Your estate agent can help you with this, as it’s their job to make sure the property is shown in the best possible way.
Set a reasonable time frame
Your home could sell as soon as the first viewing or it could take up to several months. It’s important to note the area where you live; Is the area desirable? How long are other properties in your area on the market for? Whilst this will give you an indication of how quickly a property will sell, your agent will be able to give you a more accurate idea of timescales.
Understanding the value of your home
Using recent sales in your area can be a great comparison for understanding the value of your home, as well as using the local knowledge of an estate agent. Make sure you point out any recent renovations and refurbishments as this may affect the price. If you think your property is worth more than what an agent has told you, you can ask that they put the property on the market at your proposed value, however if it is priced too high, it can lead to repeated drops in price, that signals to buyers that they have an opportunity to negotiate a harder bargain on your property. Also, over-valued homes can result in a down-valued survey which can also affect the sales process
Don’t go it alone!
Seek professional advice and instruct an agent at the earliest opportunity. They may point out some important items in regards to your home as to whether or not it is ready to go on the market. Depending on how involved you want to be, selling your home can take up some time even if you instruct an agent to carry out all the work (photography, viewings and sales progression), ultimately as their client, you will need to be available so they can put offers to you so having some flexibility with this is essential. A local agent can really take the stress out of moving and will be in a position to handle the progression and any potential hurdles you may encounter along the way.
If you think you are ready to sell your home, get in touch with James Douglas today.
02920 456444 | email@example.com