When you sell your property you, obviously, want to make sure that you get the maximum amount of cash for it. The tips that you find on this page are going to help you out!
- Try to be realistic about the price of your property. There are people who try to give their property a price which is far higher than any other similar property. Do not do this. Your buyers are going to be smart. They are not going to fall for that trick. They will research the market and they will know that your property is not worth that much. You should also not undervalue your property to get people to look at it. No buyer is going to pay the asking price, they are going to bid underneath that price. You want to have a bit of leeway in your pricing to make sure that you can deal with them ever so slightly undercutting.
- Make your property look as fabulous as possible! If you can afford it, and you are sure that it is going to add value to your property (ask your estate agent), then you may want to carry out a few renovations to your home. For instance, if a kitchen renovation is going to cost you £5,000 and it will add £10,000 to the value of your property, then you would be stupid not to go down that route. It is going to be extra cash! You may even end up boosting the value of your property far higher than this, particularly if you are going to be designing in line with current trends.
- Try to not get involved with long chains. The smaller the chain is, the better it is going to be for you. Did you know that one in three house transactions is going to ‘fall through’? If a transaction falls through, then you may lose the property of your dreams. You will also have lost money getting everything set up!
- Work with the right estate agent. This is where most of the money can be made. You want to make sure that the estate agent that you are working with is experienced with your type of property. If they have never dealt with your type of property before, then it is unlikely that they will have access to the buyers who are willing to pay a top price for it. It is also unlikely that they will value your property properly. This will end up costing you more money in the long term!
- Be proactive in the selling of your property. When people come to look at the property, talk to them. Let them know what the property is all about. Many people love this and, in many cases, you will be able to extract more value from your property than asking the estate agent to do a tour of it! Of course, only go down this route if you have the time.