When you own a property which you are interested in selling, it is critical that you get a fair price for it. While the offers you receive may vary according to the market conditions, you should always aim to sell for as much as possible.
If you are selling ‘on the market’ in the traditional way, then an estate agent can help you with this. You will be able to speak to them for guidance on a potential selling price – but sometimes, estate agents can value your house too highly, in the hopes that you will therefore choose to work with them over other agents.
So, how much would your house sell for? Read our blog below for an answer to this question, and several others.
Why might you want to sell your house?
There are a number of reasons why you may wish to sell your property at any given time.
First of all, you may be keen to sell your house because you/your family are interested in a change in scenery. This might involve upsizing to an area that you prefer; moving from an urban area into a rural one (or vice versa); or even moving closer to friends.
Another reason you may want to sell your house is for monetary reasons. Lots of families choose to downsize if money is tight, or if their house is too big for their current living circumstances. This latter option often occurs when the children move out in their 20s/30s, and the property is therefore unnecessarily big for the parents that still live there.
You may also choose slightly more unique reasons for selling your house and moving – for example, moving closer to a desirable school so that you are in the ‘catchment area’ is very common for families with young children. Lots of families also sell their house so they can move to a safer area, and keep their children safe.
How much would my house sell for?
It is important that you put significant research and thought into discovering how much your house would sell for. There are lots of property experts you can consult with to get an accurate estimation – including estate agents, property valuers, or independent property experts.
The value of your house will vary according to a number of factors, including:
- Garden space
- Market conditions
These are just a few of many considerations. Therefore, due to market conditions being a particularly important factor, the value of your house may change at different points in the year. This is completely normal, and the same for everyone.
You should also remember that properties in certain parts of the country are much more costly than in others. For example, a house in London is going to be much more expensive than an equivalent in County Durham.
Finally, the true selling price of your house may change after a survey has been completed. If the survey flags up issues which weren’t apparent when an original valuation was made, then this may compromise the value of your property.
Tips for house price negotiation
Negotiation is an extremely important factor which determines how much your property will sell for. If you are a good negotiator, you may be able to get more for your property than a bad negotiator would be able to.
Firstly, you should not jump at the first offer on your house that you receive. Even though it feels nice to a have an offer on the table, 9 times out of 10, the first offer you receive will be lower than you were hoping. Most buyers don’t expect their first offer to be accepted anyway – and will lower their initial offer, to gauge how you respond.
If you have only just put your house up for sale, and you get a good offer, then this may be a sign that your property is going to sell well. Therefore, you should wait to see if more offers appear over the following week(s).
The quality of a buyer is also something you should keep in mind. Just because someone has offered you more money, it doesn’t mean you should sell your house to them – after all, they may be bluffing, and could reduce their offer just before contracts are due to exchange. Equally, they may be an unreliable buyer, making it more attractive to sell your house to someone else.
Wherever possible, you should make a counter-offer to bids you receive from potential buyers. You can even make small concessions to ‘sweeten up’ the buyer. These can be effective strategies for getting an excellent price for your house.
Sell your property with WeBuyAnyHome
WeBuyAnyHome are chain-free cash house buyers who can purchase your property up-front and quickly, without hassle or stress. You are in the perfect place to sell your house fast.
Using our own funds, we will purchase your property at a set price, by a date of your choosing, fully managed from beginning to end.
Any location, any condition, we buy any house. We can provide you with an offer for your UK property – Cardiff to Clyde, Durham to Dover. Our specialist team have helped assist thousands of people to a quick and stress-free house sale.
Click on this link to read our house selling checklist.
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