Advice for Sellers ! Let's Get it Right
Selling your home can be a significant undertaking, but with the right preparation, strategy and guidance you can achieve a successful and swift sale. This guide offers practical advice to help UK vendors navigate the property market with confidence including advice on which estate agent to choose and effective marketing and viewings.
Setting the right price
One of the most critical decisions you'll make as a vendor is setting the asking price. By setting a price too high you are at risk of discouraging potential buyers and prolonging the sale. Overpriced listings often stay on the market 10 weeks longer than correctly priced ones and may also not appear to buyers searching within realistic budgets, reducing views and potential buyers. Whereas, setting a price too low may cause you to miss out on significant value or cause potential buyers to assume there are flaws or defects in the property even if there are none. So, how do you get it right?
- Professional valuation - always start with a professional valuation from an experienced estate agent. They are guaranteed to have extensive knowledge and understanding of the local market, recent comparable sales, and current demand.
- Market Analysis: Your estate agent will conduct a comparative market analysis (CMA), looking at properties similar to yours that have recently sold, are under offer, or are currently on the market in your area.
- Condition and features - consider all aspects of your property including its condition, size, number of bedrooms and any recent improvements as these all contribute to its value.
- Local amenities - consider proximity to good schools, transport links and shops as these can increase desirability and influence its value
Preparing your property for sale
First impressions of your property count. Within the first few seconds of entering a property, potential buyers immediately form opinions and judge how the property feels to them both inside and outside of it. For example, if the exterior looks neglected or cluttered, buyers may mentally change their views on the property and whether or not it is worth buying. So to avoid potential buyers from losing interest in your property, invest time in preparing your home before viewings by:
- Deep clean and declutter - create a sparkling clean environment, focusing on bathrooms and kitchens, to help buyers visualise themselves living there. This also shows that your property has been well maintained which attracts potential buyers.
- Kerb Appeal: Tidy the garden, clean windows, and ensure the front door is inviting. First impressions start before buyers even step inside.
- Minor Repairs: Fix dripping taps, broken light fittings, and sticky doors. These small issues can create a negative impression.
Choosing the right estate agent
Your choice of estate agent is paramount. Look for an agent with:
- Local Expertise - They should have a proven track record of selling properties in your specific area.
- Strong Marketing - Ask about their marketing strategy, including professional photography, floor plans, online portals, and social media presence.
- Excellent Communication - You need an agent who will keep you informed every step of the way.
- Realistic Valuations - Be wary of agents who provide an unusually high valuation just to win your business.
- Care for your goals - An agent aligned with your goals, whether you need a fast sale, maximum price, or a smooth chain-free transaction, will design strategies that reflect your objectives. That means pricing advice, marketing plans, and negotiation tactics are all built around what you want to achieve—not just a quick deal.
