Are you looking to sell a property in quite a quick time frame? The good news is, despite market changes, the demand for property is strong and right now could be the perfect time to achieve a fast sale of your house.
Here at Clarendons we have put together our top tips to gain a speedy sale, while still ensuring you are getting the best price for your property.
Use Guide Pricing
To put simply, you set the asking price of your property as a ‘guide price’ which is usually about 10-15% under what you are hoping to achieve. The reason for doing so is that this will generate a huge amount more interest than if the asking price was higher. It opens it up to a wider audience on the online portals, therefore ensuring more people viewing and more people bidding.
This really does work and we have achieved at least 10% over the guide price on numerous occasions in recent years. Remember you don’t have to commit to accepting any offer unless you are happy with it.
Tap into Investors
Particularly important in today’s current climate, Investors can typically move faster than residential buyers as they will likely have cash reserves and access to sophisticated finances, such as bridging loans. They are usually experienced property buyers and know how to act quickly with a good team behind them. Again, this is another factor that will make sure you have a smooth and fast sale.
Don’t Spend on Works
Typically, if a property is rundown or in need of refurbishment, then they are the best buys as both investors and residential buyers like to do the work themselves. Our expert advice would be to not to spend any money on work and get the property on the market straight away. From here you can see what the feedback is and what the offers are, and work out if it is worth spending anything to achieve a higher sale price., thus saving unnecessary expenditure on remedial works.
Modern Method of Auction
Selling a home by auction offers a multitude of advantages. We have partnered with Bamboo Auctions to enable buyers and sellers to reserve properties with a commitment to exchange within 20 working days.
Additional benefits include the fact you will have committed buyers who have paid a reservation fee and the fact there is transparent bidding so all activity can be seen. You may need to set a lower reserve price in order to generate interest in the property, but again we find that competition in this market is showing healthy bids for properties.
Use the Right Conveyancer
To facilitate a quick sale finding a buyer is only the start. You need the property to complete quickly so you need a conveyancer who is set up to deal with quick completions, as this is often the area which can drag on and slow down the process. Here at Clarendons we can of course recommend our trusted partners to you.
Interested in selling now? Do not delay and contact our team for a free, no-obligation sales valuation.
