Despite external challenges and changes, the property market remains buoyant for sellers.
Research suggests that it’s still a seller’s market and sellers might want to act now to secure the best possible asking price for their home.
With the market still supporting high levels of demand and house values, now could be the perfect time to list your home on the market.
The current market supports high-value sales
First and foremost, we are in the heart of autumn. This is the time of year that prospective property buyers are extremely active.
If your property is listed online ahead of the festive period, your property could be seen by an influx of eager buyers.
Rightmove reported that website visits over the Christmas period last year hit a record high, with buyer demand increasing by 23% more compared to the Christmas period in 2020.
Judging by these record-breaking figures, homeowners who list their homes ahead of this season – which isn’t very far away now – are likely to receive lots of interest.
The imbalance between the high number of buyers and the supply of houses is also working in favour of homeowners hoping to sell. The high level of competition this brings means that buyers should be more willing to compete and pay higher values to get their dream home.
The momentum remains strong as Propertymark reports that, in August, 86 new prospective homebuyers registered per member branch, a 79% increase on December 2021.
Homeowners who ensure their home meets the demands of today’s buyers and have the right marketing strategy in place, can increase their chances of selling for the best value.
Ensure the property is sale-ready
Being in a market that supports property sales is one thing, but a large part of getting the sale is ensuring it ticks all the right boxes.
Before putting your property on the market, make sure that it looks the part and sufficient upgrade work has been carried out if required.
Set aside some time to add a new lease of life into keys rooms with a fresh coat of paint. Opting for a neutral colour palette is recommended to help buyers better imagine how to put their own stamp on the home.
Perhaps consider staging the property to let light in and make it more appealing during viewings and for marketing photos.
In a survey of over 2,000 UK adults, Hammonds Furniture found out which interior design styles would put Brits off a home.
The average person would offer £3,600 over the asking price for a minimalist home. This type of interior includes white walls and minimal clutter.
Appearance isn’t all that is at play when it comes to property sales. To prevent last minute fall-throughs, as a result of poor housing surveys, make sure you rectify any fixes before putting it on the market.
Structural issues, dampness, mould and wiring faults are only some issues that could need attention. Get a professional to take a look and provide guidance on what fixes or changes your home needs.
Working with a reliable local estate agent throughout your sales journey can help you get your home sold in a seller’s market.
When you are in the process of selling your property, it’s important to find an estate agent who can be trusted. At Griffin, we combine the passion and knowledge of traditional high street estate agents with a modern approach to ensure that our customers’ needs come first.
When you use our estate agency in Essex, we will work to ensure that the whole process goes as quickly and smoothly as possible. We will provide a customer-focused service based on your needs and make sure that you are happy throughout.
