Here's what to know if you're selling property now
Category Advice
While current market conditions are geared to favour buyers, there is no need for sellers to despair. Sellers simply need to ensure their offering stands out among the rest. Simply approach the selling process with care, consideration and creativity and you're almost guaranteed to move your property in good time and at the right price. Consider our trusted property advisors' five top tips for sellers.
1. The right price
The value of a property is determined by what the market is willing to pay, regardless of alterations or improvements made to the house by the seller. A trusted property advisor can help you to ensure your property is realistically priced, which will lead to a quicker sale.
A property that is priced right - right for the market, right for the location, and in align with what the property offers to the sellers - is likely to not only sell fast, but there is also a good chance that it will go for the full asking price.
2. Work with a professional
Trusted property advisors know what it takes to get a property sold as fast as possible and at the highest possible price. They're expertly versed in the legal aspects of selling too and are committed to streamlining the process for you.
Thanks to the nature of the job, property advisors are also great negotiators and will work to ensure you get the best possible deal from the transaction. Property advisors are also adept at dealing with mounds of paperwork that comes with selling a property, ensuring things are easier and more efficient for the seller.
3.Fix and repair the basics
Naturally you don't want to spend large sums of money on a property you're selling, but fixing and repairing the "niggles" can go a long way in making the property more appealing to buyers.
A property that is well maintained and with everything in good working order is far more appealing to potential buyers than a place in need of TLC. Often little interventions can make a big difference to the impression a third party get of the property. A coat of paint, trimming the shrubbery, fixing a leaking tap or tightening loose cupboard handles take minimal effort but can help to sway a potential buyer the right way.
4. First impressions matter
Make an effort by "dressing" the property when potential buyers view it. The buyer needs to imagine themselves in the property. Help the process along by clearing away clutter, allowing natural light in, and making sure the space is neat and clean.
5. Notify the bank of your intention to cancel the bond.
Banks typically require 90 days' notice of an intention to cancel a bond. Failing to notify the bank may see you incur penalties. It may also cause delays in the property transfer and registration.
Author: Leapfrog
