10 Tips for House Sellers

Current market conditions make not only the purchase of property a very challenging task, but also the sale of the property. As buyers find it hard to get a mortgage, they become very picky once they get one because they understand that house prices are constantly declining and that they can always bargain a good deal. We list 10 tips for house sellers, which might help to sell the property more safely and quickly. 1.    It’s a buyers’ market. However, if you have few sellers around, the competition is rather limited. According to the latest statistics, the number of house buyers has risen by 32% in the recent time, whilst the number of property sellers has only increased by less than 10%. 2.    Do not overprice your property by following the instructions of estate agents. To adequately price your house, visit the website of Land Registry or give them a call. 3.    Agents’ fees usually amount to 1-3% of the property price; therefore, choose the agent who has recently sold a number of properties similar to yours and... make your agent work! 4.    Many buyers often start looking for a property online, so make sure that your house is listed on major online property portals, and not just on your agent’s website. A nice a tidy of the house façade is essential to make a good first impression on the buyer. 5.    Again, focus on first impressions as they are crucial. According to psychological data, buyers make their decision about the property within the first 30 seconds. 6.    Focus on the first room the buyer will see. If you have a limited amount of money to spend, invest all of it in the front room by re-painting the walls, doing some repairs and changing the carpets to wooden floors. 7.    All the rooms have to look like what they really are. That is, if you are selling a 3-bedroom house, make sure that all three do look like bedrooms, not like storage rooms. 8.     Try to convert your storage spaces into nice rooms. For instance, you can turn your “box room” into an office or an extra shower room, as this will make a much greater impression on the potential buyer. 9.    Do not turn bedrooms into bathrooms. A 6-bedroom house can do pretty good with 2 bathrooms. 10.    If there is a problem with the property that you are aware of – either fix it, or be honest with the buyer. Remember that you have to fill in a PIQ, which will provide the buyer with all the details about the property.