Every seller dreams of a quick sale while still getting the best possible price for their house. On average it takes 102 days to sell a house, with most sellers getting an offer in three months, according to a recent report from the Post Office. While estate agents will be able to help with the sale of your house there are certain things you can do to make the process fast and smoother. Susan Ward, conveyancing lawyer with Mooney Everett Solicitors in Ormskirk, Lancashire gives some essential advice for sellers.
The average sale price in Lancashire is £166,751 according to property site Zoopla. When pricing your home, you should consider several factors, such as transport links and school catchment areas to guide you reach a realistic price. Utilise the expertise of local estate agents to get multiple valuations for your house and choose the one that is most accurate. Using other successful sales in the area as a reference can help ensure you are not under-pricing or overpricing your home.
‘Stage’ your home for less
Before embarking on expensive home improvements, take the time to find out what buyers in your area are looking for. Otherwise, invest your money and time wisely in the small jobs, such as giving key rooms a lick of paint, fixing any obvious cracks or sprucing up the area around the front to add kerb appeal. These minor inexpensive alterations could greatly increase your chances of selling without demanding large sums of money.
Do your background on buyers
Finding out a few key pieces of information about a prospective buyer will help you avoid getting stuck in a slow-moving chain. If you are lucky enough to have a choice of buyers, be selective – first-time buyers or buyers who have already sold their property are more likely to result in a quick sale.
Keep your buyer in the loop
Once you have chosen a buyer, it is paramount you keep the lines of communication clear. Establishing a friendly relationship with the buyer will ensure a smooth process, make it less stressful and may decrease the likelihood of them getting cold feet and pulling out before the exchange of contracts.
Do not panic
If something goes wrong and an offer does not complete, try not to panic. It is a common experience for many sellers in the modern competitive housing market. One in three people see their sale fall through in the first three weeks of a transaction, but if you are prepared you can take steps to ensure it does not happen next time.
This article is for general information purposes only and does not constitute legal or professional advice. Please note that the law may have changed since the date this article was published.