(collaborative) Here we look at The Basics for Selling Your Home and things you will need to be aware of.
Many of us will need to find a buyer for our existing home before we are able to follow through with a purchase of another. It’s a long winded process and many a time individuals find that they lose the property they wanted as they may not have found a suitable buyer for their own home in time. Chains can cause a problem which is why sometimes the faster you can sell your current home the better.
There are different routes you can consider. Either fix up your property to get top whack, or sell it as a project and at a lower rate to allow for what you would have paid to fix it up.
Even if you do allow for the fact that the home needs work when pricing, often offers may come in that are lower than your desired amount. For those with the time and patience, it can be beneficial to improve the look of the property to ensure you receive reasonable offers for your home. The property is more likely to sell if it stands out in a good way. Most times this can work but you must consider making any refurbishments ones that will appeal to many rather than a select few.
The Basics for Selling Your Home
What approach you need to take depends on how quickly you need to sell.
In a Hurry? Consider A House Buying Company
There are always ways of selling every property. You may see adverts saying something along the lines of “we buy any house”. This is an option to consider if you really need a quick sale. The price offered will be lower but then you won’t be paying estate agents or solicitors fees. It all depends on how fast you need to sell.
Is Your Home in a Sought After Area?
We’ve all heard the phrase location, location, location. It’s mentioned a lot, in regards to sales and purchases. It’s one of the main factors that can get you a great price for your home. Even if the home needs a lot of improvement work, if the area is good, the price is reasonable then it shouldn’t be too long before you make a sale. This is the main area to highlight when advertising the property. Is it near a popular school, transport links, shops etc? These will entice people to get in touch for viewings and before you know it you’ll have offers coming in.
Some People Want Fixerupers
You can spend a fortune on improving your home, but it might not do you any good. This is because some people want a dream home rather than just somewhere to live. Your improvements may not be to others taste and may affect the offer they decide to make on your home. Many want to put their own personal touch on their home and a blank canvas can often be the way to go in these cases. If there is potential for extension then this can add to the property value.
Be aware of property developers that buy for a quick profit. They may be able to make payment quickly but in most cases offer much less than the value to increase their profit.
Some Will Want A Home they Can Move Straight Into
Considering that, most buyers lack the expertise and experience to create something truly special if you have a gift for home renovation then it might be an idea to make the most of it. Some potential buyers are looking for that gorgeous designer kitchen, marble floors, walk in rain showers, sunken baths etc. This could boost the selling price to the top end of the scale. don’t forget that you should check to see the prices of other similar homes in your area. If your home is much more than all the rest you might get nosey neighbours coming to take a look and be stuck with an overpriced home that has cost a fortune to fix up.
Timing!!!
Timing when to sell your home if you have the freedom to do so is important. You may need to release the money in it quickly and push for a fast sale. But, most of us will decide when we move. It makes sense to look for a time that people are wanting to buy properties to increase the potential offers you will be given. Don’t forget that the housing market is booming right now, so the chances of getting a good price are high.
In conclusion
It is important to decide what type of homebuyer you intend to market to and make the necessary preparations. At the end of the day, this will be influenced by how quickly you need to sell and how much of its market value you want to secure.
What tips would you suggest to add to my The Basics for Selling Your Home post?
If you don’t have any tips, which do you think would be most important?
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Thanks for this post, we are currently doing up our house to add value to it so we can sell it and move into a bigger property.
Oh wow, I wish you lots of luck with your project Laura.
Great tips. As I am currently looking to buy, I would say don’t spend money putting new carpets in. Usually they look cheap and as a buyer I want to rip out the beige immediately.
Honestly, I’m with you. Rip out the beige if you find it and pop in a wooden floor!!!
A very good list.
I am always surprised at the number of people who spend money inside on new kitchens, bathrooms etc but leave the front of the property untidy and overgrown. Curb appeal is critical whether you are selling as a do-er upper or a ready-to-move in home.
I have seen that and it is surprising. It makes a big difference how the house looks from the outside too.
These are really good suggestions for selling your home. Thanks.
Thanks Sandra. I’m glad you liked the post.
Some really helpful tips! Considering moving house fills me with nightmares, I wouldn’t even know where to start with all the stuff I have! :/ It’s weird how people always fix up a property to how they want it just in order to sell! Sim x
It isn’t always a good idea to do a place up if you have specific taste that isn’t modern.
This is great advice for anyone looking to sell their home. I moved in with my fiance who bought a fixer upper. I can’t imagine ever selling but one day it won’t be of use to us. It’s big so we will downsize at some point.
It’s an exciting time though and this is really helpful for anyone looking to sell x
It is exciting when you are looking to buy a new home. It’s fun looking at prospective homes.
You have shared some good tips for those who are looking at selling their homes and I know quite a few people who are in the midst of considering selling theirs
Thanks Ash. We have had a bit of experience in this area which helps. It’s good to know your options.
I have seen those signs that say we buy any homes or a couple of yers now. I always wondered if any actually meant any, and figured they might be fixer uppers too.
Lol, I think they’d buy anything provided it’s a knock down price. It all depends on how quickly you need a sale.
Great tips! It is important to remember that people sometimes want fixer uppers, that’s probably a property we would go for when we buy.
It can save you money depending on the work you then have to do.
Great post. It’s so important to know where to start with selling your home. A friend of mine is selling hers at the moment, so I’ll pass this post along to her.
Thanks Beth. I hope she gets a good price for it.
There is some very sound and sensible advice here for sure. now more than ever people really need to think when selling their home x
They do need to take the best option for them.
I think just making the house look clean and uncluttered is a good way to ensure that a house looks good when selling. Decoration won’t be to everyone’s taste but if it’s clean without too much stuff people can imagine themselves living there easier x
That can make a difference. It’s much harder to picture yourself in a home that is messy.
When I was buying my home I knew I didn’t want a fixer-upper and wanted one I could easily move into. Love these tips.
Many people are the same. It can be much easier.
Great tips! It can be such a stressful thig to do. And that timing is so key isn’t it, you’re always in a better position if you can be considered in all your decisions, and choose the right time to strike!
Timing can influence a sale and also how much you can get.
i wish i had the luxury of selling a home, i would love to be on the property ladder
I’ve got all sorts of posts that can guide you on my blog. Feel free to take a look.
Thanks for putting this together. There is so much to think about when selling your home!
There sure is and the more you know the better position you will be in.