Homeowners are always looking for ways to sell their houses quickly.
One of the most critical factors is pricing.
A study by HomeOwners Alliance revealed that homes that sell in just 12 days are the most likely to achieve their maximum asking price.
Let’s look closer at this study and its insights on how to price your house to sell fast.
More information on the study
The HomeOwners Alliance study used data from over 5,000 estate agency branches across Britain.
It was found that estate agents achieved just over the full asking price (100.89%) when houses were listed for 12 days.
Houses that stayed on the market for a couple of months would achieve only 96% of the asking price.
After three months, this would fall to 94%, with values continuing to drop steadily.
How do you price your house to sell faster?
So, how do you speed up the sale of your home without sacrificing profit?
Based on the average UK property price of £218,000, a 12-day sale could result in an additional £1940 on top of your asking price.
We’ve compiled some handy tips to help you sell your home quickly.
1. First impressions are everything
Consider what a potential buyer may think when they arrive at your property.
Is the street well maintained? Is the exterior of your house attractive, clean and well-kept?
Whilst homeowners generally put a lot of work into ensuring the interior of their homes is presentable, the exterior can often be forgotten.
2. Make minor but necessary upgrades
Ensuring your house is well-maintained before it goes to market is essential.
However, it is also important to remember that the ROI on home improvements is generally less than 100%.
Whilst remodelling your kitchen certainly adds value, it will depreciate daily.
Making necessary repairs, such as replacing broken light bulbs, dealing with dripping taps and cracked tiles. And make sure your house is clean and tidy.
Try de-cluttering; some reports suggest that clearing personal items makes buyers more able to envisage themselves there.
The more serious the issue, the more important it is to address it. For example, damp in a property can devalue it a lot.
If problems arise after a survey, you will have to address them.
3. Agree an accurate price
You must price your home accurately if you want a speedy sale. Approach several estate agents and get a free valuation for your home.
If you do your research, you can agree on an asking price that will appeal to buyers in your market.
Remember, this may not always be the highest valuation – the key is to be realistic to secure that quick property sale.
4. Be honest with yourself and the house buyer
Honesty is always the best policy, especially when selling your home fast.
Trying to conceal any problems with the property may delay the selling process if they come to light later.
It may end up costing you, the house buyer, a lot. Ask your estate agent for an honest opinion of your house, and reflect this in the property description.
If the photographs and description accurately show the property to its best advantage, you are much more likely to attract buyers with a genuine interest.
By employing these simple tips, you can capitalise on the 12-day window and achieve your maximum asking price.
How We Buy Any Home can help
At We Buy Any Home, we understand the difficulty of selling your home in a buyer’s market.
Our knowledge of the property market enables us to offer an unrivalled service that produces the best prices and fastest transactions.
If you are looking for a way to sell your house fast with a reputable, trusted company, we are here to help.
Fill out our contact form below!
