Sian Hiatt, Sales Manager, highlights a few common questions that home sellers ask estate agents...
Have you been considering whether selling your property is the right option for you? Whether it'll be the first time you've been in the position of seller or the umpteenth time, there's sure to be plenty of questions you'll be seeking answers to. Specific questions about a local area or particular property would need to be answered by a local expert, but I still thought you'd find some other more broad common questions that estate agents are often asked a useful read - so read on!
Those thinking of selling often pair this question with the current season, economic climate or housing market because terms such as “it's a buyers/sellers market” are often used across the industry and wider media.
It's difficult to specifically state whether it is indeed the best time to sell a property right now, no matter what that time is, because buyers purchase properties for a wide range of reasons. It's true that when the economy is booming house prices typically rise and therefore you can may get away with demanding a higher price - however, this may be quickly offset by any other property that you purchase on the back of the sale also demanding a higher price. Many buyers are also keen to complete a house purchase before the end of the year when the Christmas period takes over.
All in all, whether now is the right time to sell or not should be largely determined by your personal circumstances - and not solely by the season or economic climate.
Sellers naturally want to sell their property at the best price possible, but high numbers that look pretty can't be simply plucked out of thin air unfortunately! Instead, a range of factors are considered when assessing the valuation of a property. These factors include things such as the size, condition, property layout, location, outside space, current local market, potential for development and more.
Some online tools are available to provide a rough estimate using local data, but that's all it is - a rough estimate. For a more accurate valuation that takes all factors into consideration you'll have to enlist the services of a professional valuer who can actually visit the property in person.
There are plenty of things that can be done to help assist your estate agent with a quicker sale, some of which are very simple to implement. The photographs that market your property are almost always the first thing a potential buyer will see, so if there is room for improvement with the photographs this is worth looking into. This may help spark more interest and increase viewings, hopefully leading to a quicker sale.
Ensuring your property is well presented and is as clean and tidy as possible for viewings is also essential, as a cluttered or dirty property is perhaps one of the best ways to put potential buyers off. This includes any garages and outdoor space as well! Drawing curtains or blinds to flood each room with light can help them appear brighter and more spacious, while fresh decoration in rooms that haven't had a lick of paint in many years can also help a great deal.
Something else to consider is your asking price - too high and this may be a reason a property struggles to sell quickly or at all, too low and it's likely to sell extremely quickly. So, it's about finding that middle ground with your asking price so that your priorities are met.
Any reputable estate agent will be able to offer sellers comprehensive marketing using several different methods and tools that are available to them. Besides just putting an advert in their window like years gone by, this can include tapping into their own personal database of keen buyers who may be interested in the property you're selling, as well as listing it on all major property portals with high quality images, descriptions and floor plans to provide home buyers with the full low down on what your property can offer to entice a viewing. Your property will no doubt be directly listed on the estate agents website and may also be marketed through targeted social media campaigns and email alerts to connect the property with thousands of potential buyers.
So, as you can see, there are many different ways your property can be marketed!
If you'd like to discuss the process of selling your property in Cardiff with our expert sales team here at CPS Homes, don't hesitate to get in touch with us. You can get the ball rolling by calling 02920 668585, e-mailing email@example.com or by popping into one of our three Cardiff branches.