Data released this month by HMRC shows that completed house sales in the UK have risen by 40% Whether this is the start of a recovery in the housing market or just a seasonal blip is yet to be seen. The blockage in the mortgage market does show signs of easing with more affordable products being offered by lenders. Estate agents are reporting buyers with lending in place are making offers. Furthermore, many investors in a position to now believe the worst of the price falls are over and stepping back in to the market.
If your house is currently on the market and you are looking to attract potential buyers, how can you ensure that you have the best chance of achieving a ? Rapid Home Solutions recommend you should do the following:
?Reassess your estate agency agreement?
It is all too easy to leave your house on the market for sale with an estate agent and not assess how they are working for you to achieve that . Has your estate agent arranged any viewings at the property? If so what feedback have they given you regarding those viewings and any offers that have been made? Can you contact your agent easily when you are looking for updates? If not, it is unlikely that potential buyers can contact them easily either. Where is your property being advertised? Ensure that it there are good photos and descriptions on the main internet based property sites and that you have seen your house advertised for sale in your local press property section regularly.
If you have had no viewings on your property and little feedback from your agent, then perhaps it is time to change agents or perhaps offer the property for sale with another agent on a multi -agency agreement? If you are not happy with your agent and you did sign a sole agency agreement, check to see if the initial sole-agency time period has expired. Don't make your choice of agent purely based on the commission they charge. A new agent with a different approach, who can sell your house quickly, could be worth the extra cost.
?Can I make my property more attractive to potential buyers?
Listen to the feedback given to you by your agent before you put your house on the market for sale and following any viewings. As home-owners we sometimes get very fixated on what we think a potential buyer might find appealing. Your agent will be looking from a buyer's perspective and is best placed to give you advice on anything that you can change to make the property look more attractive.
?Always remain flexible with offers.
It is a fact that in the current housing market, you must consider all offers on your property seriously. If an offer is lower than expected, don't dismiss it immediately. The most important thing is to look not just at the cash offer price. Ask your agent the following questions:
What is the position of the buyer and do they have a property to sell? Do they have a mortgage in place? If they are offering cash for your house, do they have proof of funds? Have they a solicitor in place and are they willing to exchange contracts within a reasonable time frame?
Remember to offer your own incentives to the buyer especially if you are flexible with your moving date and are not caught in an upward chain? This will be attractive to any buyer. They may have made offers on other properties and are yet to make a firm decision. If the open market has been unsuccessful and you are looking to , Rapid Home solutions may be able to make you a realistic cash offer for your house. For more information please visit:
Do you owe too much on your home? Are you facing a possible foreclosure? Most people in this situation cannot afford to hire a licensed agent because they owe the bank too much money. You might wonder, "How do I sell my house myself?" Be patient and get the facts. You can sell your own home, in this market, and avoid foreclosure.
Right now buyers are everywhere. With the recent drop in mortgage rates, there is no better time to sell. People who are buying their first home are extremely active right now in the market, and homes that are worth $350K or less are selling rapidly. In order to avoid acceleration on your loan, there is no choice but to sell your home?
Fear not, as there are guides available on the internet to help you sell your home - and sell it quickly. The first thing you need to do is talk with your bank and find out what kind of a price they will accept - Until you are a couple payments behind, they generally will not discuss this with you. This will show them that you are having difficulties.
Look into getting an appraisal or automated valuation amount done. Often times banks are willing to take this number into consideration, and on occasion they might even accept less. If this step is complete, you will want to do some due diligence in your surrounding neighborhood and find the best ways to attract the right willing and able buyer.
There are many sellers that find the balance in which they owe to the bank too high for them to afford and in turn they attempt to sell the home by owner - this is where the question "How do I sell my house myself" comes up on a daily basis! This is normal, because after all, who has thousands of dollars to pay a real estate agents commission? With the right tool kit you can do everything that a licensed agent will do for you - and do it better. Who knows your home better than you know it - and since you don't have multiple listings to tend to, your home will have the 'attention to detail' it deserves when it comes time to go to market!
If you do enough homework, utilize all the technology the internet offers these days, and market your home with some simple strategies, you can sell your own home quickly and effectively - you can do it, especially given the fact that there are buyers everywhere in this current market.
Both Datta & Sean Patrick are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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