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HOW TO SELL YOUR PROPERTY IN A SLOW MARKET

Updated: Sep 21, 2019

If you find yourself in a position to sell your property at a time when the housing market is in a slump or seems to be moving very slowly, you may feel particularly unlucky.

However, there should be no reason to despair…

By taking the following tips put together by sell house fast specialists Property Solvers into account, you can influence the best possible outcome no matter what the current climate may be.

Choose a Good Estate Agent

It’s always best to shop around. Ask any friends or family members who have recently sold a home and check out online reviews.

You need to find a company that is proactive, positive and prolific to make sure that they will put in the right amount of effort to find a buyer for your property.

Some specialised firms are able to buy your home immediately for cash, so you can avoid the stress of waiting to find a buyer.

Don’t hesitate to check in with your chosen agents to check whether there has been any interest and to see what can be done to improve the situation.

Be Realistic with Pricing

Your estate agent and any surveyors who undertake a valuation will let you know what they believe your house is worth.

They’ll usually take the state of the market into account. It’s important to listen to them and avoid pushing for a higher amount; while it’s tempting to try and make as much of a profit as possible, a bad climate will force prices down and may see your property languishing in an estate agent’s window for months if you ask too much.

Understand the Cycles… And Haggle

Related to the above, if you feel like you have to sell for lower than you originally hoped, remember that other homeowners in the market are going through the same dilemma.

If you’re out there looking for another property to buy, the odds of you being able to offer lower are greater. Therefore, don’t be afraid to negotiate – especially if you see that the house has been advertised for an unusually long period.

Invest in Your Product

Tidy, clean, remove rubbish and spruce the place up as much as you can. A messy house that has suffered obvious wear and tear will always be less of an attractive prospect than one that has had a recent makeover and will therefore sell more slowly.

You should avoid spending too much, however, as there comes a point where the cost of your improvements will eat into your profit.

Remember – when you do have viewings, it’s best to leave people to wander through the house by themselves or with the help of an estate agent.

Having the seller breathing down one’s neck often causes prospective buyers to rush through their inspection and will reduce the likelihood of their discussing the potential of the property and the exciting changes they would consider making. That conversation is often enough to motivate people into making an offer, so it’s definitely best not to hamper that!

Be Ready

As well as ensuring that your home is in the best possible condition when it is put on the market, it’s a good idea to ensure that all paperwork, fees and other details are accounted for as early as possible.

Ensure you have all the information about the property itself ready – this may include instructions regarding the central heating system, product and maintenance guarantees, taxation details, codes for alarms and so forth.

It’s also a good idea to fill out the forms you are required to fill out for the purposes of the buyers’ solicitors in good time. The better prepared you are, the more likely you are to cinch a sale quickly, before the other side have time to back out!

Accept That it May Take Time

It’s called a “slow market” for a reason, so it’s a good idea to plan for timescales that reflect that.

It may be frustrating, but if you put the effort in and follow this guide, the drag should not last long. Remember, there is always the option to sell your home immediately for cash and relieve a little of the pressure




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Rising Property Investment Group

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+66 (0) 988779713

Rising property investments ltd.
Company Number: 11660268 
Trading name : Rising Property Investments Group.
Registered in England and Wales
www.risingpropertygroup.uk
7 Turnberry Quay, LONDON, E14 9GH

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