Welcome back!
When selling a home, in particular in the current difficult times, the most vital aspect is always the price. This may sound obvious, however it is astounding how many owners are currently burying their heads in the sand and sticking to a valuation which may have been reasonable 18 months ago, but which is now seriously overvalued. Anyone who is serious about a home sale, never mind a Quick Property Sale needs to accept that the value of their home is currently about a quarter less than it was at the peak of the market in mid 2007.
So calculating the right price is fundamental. Buyers are now coming back to the market in ample numbers to ensure sales are going through, but no purchaser will pay a 2007 price for a home bought in 2009. If you want to Sell Property Fast you need to be aware of that.
Some rules of thumb in estimating what you can expect to achieve:
1. Are there any similar (or preferably identical) homes nearby which are currently for sale? If so at what price? These are your competition and to ensure yours sells before theirs you will need to undercut their price. You must have an aggressive “Sell House Fast” strategy
2. Have there been any recent sales of identical or similar homes to yours. Authentic sale prices are a reliable pointer, they tell you what purchasers are really ready to pay. The sales are all recorded by the land registry as a matter of public record, they can best be accessed via the Rightmove website, by clicking the “house prices” tag on the top menu then typing in the postcode.
3. You can adjust actual sale prices made some while ago using these simple rules: houses are presently worth about 25% less than in mid 2007 and prices are more or less the same as they were in mid 2004.
4. If you want a more accurate guide from historical sold prices then go to the Nationwide Bank website. They provide a value calculator where you can input the price achieved and the date achieved, the calculator automatically calculates the present value.
5. If you are able to remember the price you paid for your home then it can again be useful to put the valuation and date into the Nationwide calculator and again it will calculate a predicted present value.
6. Do not be tempted to over value your home because you have spent money on it. Prepare your home well, and be realistic about the price, and you definitely can achieve a Quick House Sale even in the current economic climate. In particular, remember that new kitchens and bathrooms do not add to overall value. This is because most purchasers expect that these items will have been kept up to date and refreshed from time to time during your ownership.