The decision to sell your home is never one that’s taken lightly. You’ll likely have spent many a sleepless night pondering whether putting your property on the market is the right move, after all, that market is a very crowded and competitive place.
Selling a house comes with its own set of challenges, so instead of allowing you to dive head-first into uncertain waters, the We Buy Any House team have cleared things up with four things to look out for and address when selling a property.
#1 The Condition of Your Property
If your place is in need of a facelift but you’ve been putting it off – don’t! It may seem like a thankless task addressing those little, niggly DIY jobs that have been stacking up for some time (especially when you’re on the move anyway) but factors such as this can put off potential buyers who may have to dip into their own pot of money.
Outdated bathrooms and kitchens are a huge red flag for most potential buyers, as these are the areas of a home which generally cost more to put right. Similarly, something as simple as dated wallpaper and old carpets can also be extremely off-putting. We recommend refreshing fixtures, cabinets and sticking to neutral colours to draw more attention to your property.
#2 Decluttering the Property
First appearances are everything, and the book is definitely judged by its cover when it comes to a buyer even considering purchasing your property.
If the first thing they discover when browsing through images of your house is a cluttered front room or overflowing kitchen, they’re likely to dismiss the property right there and then. Decluttering is vital if you want to give your house the big sell, and not only will it attract more interest, but you’ll also make things easier for yourself when you have to pack up and leave too!
#3 Property Market Conditions
Local property market conditions matter; it’s often irrelevant how much you bought your house for, if things have fluctuated, they could have a huge impact on the property’s current value.
To avoid misvaluing your property and missing out on potential interest, you should check present conditions of the property market, comparing properties that are similar to your own and how much they’re selling for – this should give you a good idea of which ballpark to place your asking price in.
#4 A Decline in Buyers
The economic climate and uncertain times have resulted in a decline in young buyers. Though incentives such as Help to Buy ISAs have taken steps to address this, the numbers of new homeowners are still on the decrease thanks to strict controls on lending, employment security and simply not being able to afford a property full stop.
This has boosted the rental market, simultaneously causing a knock-on effect of people struggling to make the first step on the property ladder. With this in mind, a decline in buyers is now a common challenge faced when selling a property.