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20th August 2018
With Brexit looming and fluctuating property prices, it may seem like the wrong time to sell. Selling your home in the current property market might seem like a daunting task - but it doesn’t need to be. We’re breaking down the key factors of selling in this market to ensure you have a smooth sale.
Property prices rose from 2% in June to 2.5%, which is great for sellers, but it’s important to be realistic about what price you’ll be selling for. One of the most overlooked factors when selling your home is ensuring you put your property on the market for what it is actually worth - not what you think it’s worth.
A realistic, competitive valuation will serve you well with the current high demand for property. It’ll mean you can move quickly, but ensure you get the right price and are able to afford your next home. Experts take many factors into account to ensure you get the most accurate valuation possible.
Let’s use a property Maslen Estate Agents recently sold as a case study. It went on the market at the same time as another property on an adjacent street. Both properties had exactly the same number of rooms, same amount of floor space, and both had south facing gardens. Property A went on the market for £300k and Property B for £325k. Which do you think got more interest?
You guessed it - Property A. It’s going to get more interest because it’s priced accurately. The buzz around the property meant people entered into a bidding war, and it sold for £330k - £30k more than the asking price, and £5K more than Property B’s original price. Property B took much longer to sell.
This case study is a clear example of where a lot of people go wrong when selling their property. Choosing an estate agent who conducts an excellent valuation will help your property sell for the right price. If you’d like advice on how to ensure you get a proper valuation on your property in Brighton & Hove, contact Maslen Estate Agents today.