In the aftermath of the General Election in December of 2019, there was a significant spike in mortgage searches. It is likely this increased level of buyer demand will continue in 2020, which means if you are considering selling your home, 2020 is the year to do so.
Of course, more buyers usually lead to more sellers in the market, so it will likely still be a competitive time in the property market. Therefore, if you plan on selling your home, you should be looking for ways to enhance your chances of selling your home quickly and without too much effort.
At Williams of Petersfield, we are pleased to say we have assisted many clients in selling their home, and here are our top tips to sell your home effectively in 2020.
Choose a traditional agent, not an online estate agent
There is no denying online agents have affected the property market, and that some vendors have found their service to be of benefit. Over time, the importance of online agents will increase, but right now, the market isn’t quite in a position where you should opt for an online agent over a traditional agent.
Online estate agents are still more likely to list your property and expect you to sell it, as opposed to selling your home for you. This isn’t a suitable standard of service for most vendors, and we believe you will be much better off relying on an agent who has helped many people sell their home.
We believe choosing an agent with demonstratable experience and expertise in your local area, with your type of home, and with buyers who are likely to show an interest in your home is the ideal starting point in selling your home quickly and effectively.
List your property at a realistic price
While selling your house for as high a price as possible would be a tremendous outcome, this shouldn’t be a strategy you start off with. If you place too high an initial price on your property, you will struggle to attract attention.
Therefore, it is best to call on a local agent to evaluate your home before coming up with a value. External factors such as supply and demand, and local facilities, influence property price as much as the condition of the property. Therefore, it is best to call on an expert who understands the local market, and who can place an accurate value on your property.
Evaluate each offer on its own merits
If you are fortunate enough to receive more than one offer, don’t just assume the highest offer is the best offer for you. You should consider if the highest offer is part of a chain, or it comes from a first-time buyer. A buyer who isn’t part of a chain is likely to be a more appealing buyer to you, as chains add risk when selling your home.
If you are looking to sell your home in 2020, contact Williams of Petersfield, and we will be more than happy to assist you.