Tips on How To Sell Your House Fast For A Good Price
The housing market has seen a massive surge in demand as a result of the stamp duty holiday and people looking for larger houses with office space, following their experience of working from home during lockdown. If you are looking to sell a property in Islington, Newington Green or Hackney, there are undeniably buyers out there.
If you are thinking of putting your house on the market, here are a few things you can do to get ahead of the game, make your home more attractive and increase your chances of a rapid sale.
Choose the best time to sell
The time of year can be a significant factor in whether your home will sell fast. If you are considering selling your home you should be aware of the quiet times in the market.
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Over the years, seasonal trends have emerged in the average number of days it takes to sell a home. Spring (from February to June) is generally considered the best time to sell your house fast. The second-best time of year for a quick sale is Autumn (Mid-September to Mid-November).
July and August are quiet periods in the property market as many people are on holiday. The run-up to Christmas (Mid-November to December) is traditionally the worst time of year to try to sell your property quickly.
The risk of putting your house for sale during quiet periods is that potential buyers may come to think that there is something wrong if it remains on the market for an extended period. You are also less likely to get a good price as buyers will expect to be able to negotiate the price down.
Agree on an accurate house sale price
To sell your home quickly, it is vital to get the price right.
Research the sold prices of similar houses in your immediate area. This information is available online from the Land Registry, Zoopla and Rightmove.
Invite at least three different estate agents to value your home. Combining these valuations and your research should help you set a realistic asking price.
Find a good estate agent
Choosing the right estate agent is very important and will have a significant impact on how quickly you sell your house, and the best price. Not all agents are the same; some will be more effective than others.
When drawing up your short-list, ask for recommendations and read customer feedback on review sites like TrustPilot and Feefo.
When you are choosing an estate agent, ask the following questions:
- How much do they charge for sole-agency vs multi-agency and what is their tie-in period?
- How quickly do they sell homes? What is their track record of achieving asking price?
- What is the reasoning for their suggested asking price?
- How will your property be advertised?
- Who will conduct the viewings?
- How long have they been established?
- Are they a member of a professional association such as ARLA Propertymark or National Association of Estate Agents (NAEA) or the Royal Institution of Chartered Surveyors (RICS)?
Prepare your house for sale
Preparing your home for sales is important, not only will it help your property sell faster, but it can add thousands of pounds to the selling price.
Your potential buyers need to be able to see all the fantastic living space your property offers. Make this easy for them by getting rid of all the excess stuff you have accumulated. Pay particular attention to the hallway as it is the first part of your home potentials buyers will see. Put away your once-a-year coats and any shoes stored near the door.
Clear storage spaces too, this helps give buyers the impression that there is plenty of storage.
Fix and clean
Deep clean the entire house including, walls, windows and carpets. Tidy up the garden, make sure the grass is cut and the patio is clean.
Tackle those DIY jobs you have been putting off, including replacing broken light bulbs, repairing paint chips, giving the front door or walls a fresh lick of paint, or dealing with creaking hinges, dripping taps or cracked tiles.
Make it look and smell nice
We don’t recommend sellers undertake lots of work on their property as they are unlikely to recoup the investment. However, small changes such as adding strategically placed lighting, fresh new curtains and cushions and plants and flowers are cheap to do and can make your home look attractive to buyers.
Bad smells are named as one of the most off-putting issues by prospective buyers. Remove any bad odours in your home such as cigarette smoke, smelly pets or blocked drains.
Make sure your property has great kerb appeal. Your home’s exterior is the first thing that buyers will see, so tidy the gardens, get planting and give your front door a lick of paint in a bright, attractive shade.
Start the conveyancing early
Conveyancing is the legal process to transfer the ownership of property titles from one person to another. Appoint your solicitor early. They can start some of the administration, such as drawing up the draft contract.
You should also make sure your paperwork is up to date, including any planning consents and certificates for structural building work.
Make the most of viewings
Leave viewings to your local estate agent. They are experts in presenting homes in their best possible light and highlighting the most saleable features.
We can help
M&M Property was established over 20 years ago and we are renowned as local property experts in Newington Green, Islington, Hackney and the surrounding area. We have helped thousands of homeowners to sell their homes for their maximum value in the shortest time possible. Contact us for a free valuation of your property.