The property market is constantly evolving, and as a seller, it's crucial to stay ahead of the game.
It’s not a buyers’ market; it’s not a sellers’ market – it's a buyers’ and sellers’ market There are plenty of opportunities to secure a quick sale at the best price. Despite the cost of living crisis and rises in the Base Rate, the housing market has remained impressively resilient. So, how can you ensure you make the most of the current market conditions?
1. Choose the Right Agent: Local Knowledge is Key
Selecting the right agent has never been more important. In today's market, local knowledge is paramount, especially when it comes to pricing your property accurately. An experienced agent will provide invaluable advice and guidance, ultimately influencing how quickly your property sells. An agent who is keen and hungry for your business and asks for their chance to list your property will never take a seller for granted.
2. Showcase Your Home in the Best Light
First impressions matter, and high-quality images are crucial in capturing potential buyers' attention. Ensure your property looks its best in the photographs. Make sure your agent takes the photos on a bright, clear and, if possible (bearing in mind that this is the UK) sunny day to showcase your home's features and make it irresistible to buyers.
3. Prepare Your Paperwork in Advance
Around 28% of sales fall through after an offer has been accepted, often due to delays in obtaining the necessary legal paperwork. Stay ahead of the game by having your paperwork ready in advance. Instruct a conveyancing solicitor as soon as you choose an estate agent. They can help you ensure your Land Registry entry is up to date and accurate, resolving any disputes or queries before listing. Consider ordering a local search in advance as well, as it can significantly speed up the transaction process.
4. Gather Documentation for Flats
If you're selling a flat, request a management pack from your management company. This pack should contain crucial information such as company accounts, details of past and upcoming works, and building safety certificates. Having all this documentation readily available will streamline the process when an offer is made.
5. Choose the Right Buyer
While it's unlikely you’ll find a buyer who ticks all the boxes, aiming for certain criteria can lead to a smoother transaction. If possible, prioritise buyers who are chain-free, have a substantial deposit or are cash buyers, possess a mortgage agreement in principle, and are employed rather than self-employed.
6. Maintain Clear Communication
Once you've agreed on a sale, remember that solicitors need chasing up too. Maintain open and regular communication with your conveyancer. Check in regularly, provide prompt and detailed responses, and offer assistance whenever possible. By staying involved in the process, you can ensure a smooth and efficient transaction.
By following these top tips, you'll maximize your chances of achieving the best price and securing a quick sale in today's dynamic real estate market.
If you would like further guidance on buying or selling a property, we would be delighted to help.
This is what we believe in at Kings so give us a chance to show you what we can do for you.
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