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- Need a quick sale? How to sell your house fast
Need a quick sale? How to sell your house fast
December 30, 2015
There are a number of factors that will impact the time it takes to sell your home – nationwide market conditions, your local neighbourhood, the state of the property itself, the estate agent’s marketing efforts and more.
Last year, properties spent an average of six weeks on the market in the UK. However, you may find that you need to sell your home quickly if you have secured a new job, closed on a new property, or have had a change in your personal circumstances. Whatever the reasoning, there are a few things you can do to lessen the time spent on the market and ensure a quick transaction…
Increase the value
Taking care of little things around the house can make the property more appealing to buyers. Most prospective homeowners are more likely to buy a turnkey property that is live-in ready, and so by taking care of maintenance and repairs yourself and ensuring there is no work to be done, you can increase the chances of a swift sale.
Help buyers connect
One way to sell your house fast is to create a homely feeling in the property. Statistics reveal that house hunters spend on average just 25 minutes viewing a property before making a decision, and so you need to help buyers envision themselves living in your property during this short time. To transform your house into a home, add a lick of fresh paint, de-clutter, ensure there’s plenty of light, and eliminate odours caused by pets or smoke to create an inviting atmosphere.
Investors building a portfolio are often quick to move on the sale of a property that could be flipped or used as a rental income property, so consider targeting your advertising towards this demographic. Be weary that when it comes to selling your home quickly to investors, you may have to drive a hard bargain to avoid being undersold, but working with an experienced estate agent can be of big help here.
Host an open day
Along with individual viewings, you may want to host an open day to draw passers-by and foot traffic into your home as well. Baking cookies and putting on a spread can entice people through the doors, and while they may not be prospective buyers, they could know someone who is. A group viewing is a great way to create an air of competition between buyers too, something that can lead to a bidding war.
Lower the asking price
While this is a last resort for most homeowners, where needs must, you can lower the asking price to better the chances of selling your home quickly. On average, the national reduction from asking price to sale price is 3.4%. You can discuss with your estate agent a rock-bottom figure with which you feel comfortable, so they have this to hand when it comes to bargaining in a bid to sell your home fast.
Be weary of any firms that offer to buy any house online. While you may achieve the quick sale you’re after, you could do by incurring a huge loss. Working with a qualified and experienced estate agent is the best way to help you achieve a fair asking price and fast transaction.