Preparing to sell your home in 2022
With news over the past year or two highlighting booming house prices and growing demand for properties across the UK, you may have entered January 2022 thinking this may be the perfect time for you to sell your property.
Perhaps you’ve been thinking about downsizing to a smaller sized property - this could be the perfect opportunity to maximise your profits by selling your larger property. Or maybe you feel this could be the time to sell your town house and instead relocate somewhere a little more rural and further away from the city.
Whatever your reason for selling may be, there is no denying that the property market has sustained a lengthy period of exceptional buoyancy, and the simple fact of the matter is that there just isn’t enough property supply to meet the busy demand from those looking to buy. There hasn’t been for quite some time.
Quick sales once properties hit the market
This has naturally led to the market experiencing an extremely quick turnaround in sales, meaning properties are coming onto the market and selling within a matter of weeks and sometimes even days. With so many buyers waiting in line for suitable homes to become available that matches their criteria, viewings are often taking place as soon as the property is launched onto the market.
Some properties do not even hit the property portals before offers are received from “hot buyers”.
What are hot buyers?
A hot buyer is a buyer who is ready to proceed with the purchase of a property immediately. These could be first-time buyers with a healthy deposit, a mortgage in principle and no property chain, or a cash buyer who has been waiting in the wings to pull the trigger on the right investment opportunity or who can easily fund the purchase from cash raised through the sale of a more expensive property - especially true of those who are looking to downgrade from a large property to a smaller one, as mentioned above - or buyers who may have recently inherited (or won!) a sum of money and are looking to use it to help with the purchase of a home.
If your plan is to sell your home in 2022 you may want to seek expertise to help market your property sooner rather than later. This will allow you to find a buyer in the soonest time possible, sell for the best possible price and line yourself up for your next property purchase.
Local estate agents are best positioned to help with the process
With a lack of properties on the market sellers often worry about rushing to find a new home of their own before their suited buyers tire of waiting and decide to look elsewhere. The truth is, with the property market as it is, buyers are typically happy to wait a little while to secure their dream property - they themselves will be aware of how little inventory is available and are likely to have their own concerns about other sellers potentially gazumping them during the wait.
Al in all, this simply magnifies the need for both sellers and buyers alike to utilise the professional services of experienced and reputable local estate agents within their area.
If you’d like to discuss how we can best market your property in Cardiff, how we can guide you through the entire process and, if needs be, how we can help you with the purchase of a new home, don’t hesitate to get in touch with our team of expert estate agents here at CPS Homes. Contact us today by calling 02920 668585, e-mail enquiries@cpshomes.co.uk or simply pop into one of our three Cardiff based branches.
