Should I Buy And Sell Property At The Same Time?

It is perfectly natural for a homeowner to buy and sell property around the same time. If you already own a house and it is time to move on to a new one, it is very likely you need to sell property as well. However, if you are weighing up your options, is this the right approach to take?

You may feel as though you have no other option. After all, you need a place to stay, and you are only selling your current home because you are moving to a new one. If you didn’t plan on buying a new home, there would be no need to sell your current home. So, the process goes hand in hand, even if attempting both activities at the same time makes for a stressful time.

There are reasons to sell property before you buy

If you are looking to sell your current home before you begin the process of buying a new home, there are reasons to do this.

When you aren’t attempting to sell at the same time as you buy, you are in a stronger negotiating position when you sell. Some vendors have found themselves accepting a lower offer than they would like, simply because of the deadlines of the buying process. When you aren’t pushing through a property purchase, you have a stronger position to sell.

When you aren’t buying at the same time as you sell, you aren’t part of a property chain. This is a great asset to have when you eventually get around to buying a home. You will already have sold your property, be free of a property chain, and you’ll look more appealing to vendors. This factor alone may not make the difference when there are many bids in for a house you like, but it may.

Vendors want to avoid a chain, so if there is an acceptable offer from a buyer who isn’t involved in that process, their offer automatically carries additional weight.

Another reason to sell before you buy is you think house prices are going to fall in the near future. If you sell for a high price, and it then becomes more affordable to buy property, you can enjoy a profit on your home. You may use this money to buy a larger home, or you may put it to good use in other ways.

There are reasons to consider selling and buying at the same time

Of course, you must be aware there are reasons to sell and buy property at the same time. While there is a lot to be said for selling first and then buying at a later date if you believe property prices will fall, but what if the opposite happens?

If you sell your home and then house prices rise, you may not be able to buy the home you want, or you could find yourself priced out of the market. It is easy to see why many homeowners choose to buy or sell at the same time, because it minimises problems like this occurring.

There is also the fact many people would rather not rent. When you rent, you spend money that gives you nothing back, and it can be expensive. Therefore, it is best to coincide the buying and selling of property, so you can move from one house to the other.

If you are looking to sell your home, and you need guidance, please contact Williams of Petersfield, and we will do everything we can to assist you with the process.

A Shocking Reason Your Home May Not Be Selling

If your home isn’t selling, but other homes in the area are, you want to know the reason why. You and your agent should be able to review the market and come up with ideas why your home isn’t selling. There may be an issue with the local area, there may be a lot of houses for sale in the market, or there may not be a significant number of buyers. It may even be that your home is priced too high.

However, if it isn’t any of these reasons, you may feel as though there isn’t any reason why your home isn’t selling. Of course, there may be a shocking and surprising reason your home isn’t selling or generating interest.

Your home may be too cheap

You would think if your home had a low value, you would have a lot of interest. Savvy buyers seeking a bargain would surely see your home as the ideal option when it comes to affordability and value for money. However, this isn’t always the case, and you may find buyers ignore your property listing.

Don’t sell your home with a nine at the end, round up

Over the years, many industries have thrived with price tags ending in a 9. This style of pricing subconsciously makes people think they are getting a better deal. The reality is they may only save a penny or a pound, but the psychological difference may be enough to grab attention.

However, in the digital era, some of the benefits are lost. Buyers set price parameters starting and ending in 0’s, which means that your property price may lie outside the parameters, suitable customers. Equally, your cost will lie at the maximum of the parameter where it sits, so your home will come across as one of the more expensive for a buyer.

Get an accurate price for your home

The most important thing for you to do before pricing your home is to ensure it is appropriately valued. We offer this service, and our team will make sure you have an accurate and genuine price in place for your property.

It is essential to know the local average, but if your home isn’t comparable with the regional average, you shouldn’t use that as a barometer. If your home is more appealing than the average home, the average price lumps it in with many properties in your area. Buyers could be crying out for what you offer, but if the house seems the same as the rest, they may not give it the care and attention it deserves.

If you are looking to sell your home, you need support and guidance from local experts. We are pleased to say we have helped many vendors sell their home, and our team have skill and expertise in the psychology of sales. We will help you find the ideal price for your home, and we look forward to assisting you to sell your home soon.

Staging Your Home At Low Cost

Selling your home is often a challenging proposition. One issue that many people overlook is the cost of selling your home. There are many fees associated with selling your home, but you also have bills to pay when making your home look as appealing as possible.

You should look to stage your home to attract buyers. With an attractive home aimed at the most likely buyer, you significantly increase your chances of selling the property. However, some vendors are concerned about the cost of staging their home. At Williams of Petersfield, we are pleased to say we have helped many homeowners cut the cost of staging their home without compromising on quality.

We are pleased to help you stage your home at low cost.

Add a new coat of paint

While you don’t want to add garish colours or go overboard when it comes to rejuvenating a room, there is a lot to be said for adding a new coat of paint to a room or home. While you should be modest when it comes to your colour scheme, making a place feel less drab is a fantastic way to entice buyers and make the most of your home.

Add a sense of space

You should look to add space at your home because this is what buyers want to see. However, if you cannot physically add space, you need to make your home feel spacious. There are several simple tips you can follow here, but mirrors are extremely useful in transforming your home. A well-placed mirror makes a room seem more spacious, and it can make a room feel lighter too.

Also, make sure that you create space around windows. Minimise drapes and items blocking the window area. Not only will you allow more light to flood into a room, you develop a sense of space that is highly appealing to buyers.

You don’t need to buy furniture to stage your home

An essential part of the staging process is to present the room in a manner that appeals to the buyer. Therefore, it makes sense to have furniture that the likely buyer approves of. However, if you don’t own furniture that matches the needs or taste of a prospective buyer, you may be opposed to buying furniture to sell your home.

Thankfully, you don’t need to buy furniture for the staging process. If you have friends or family members who have this style of furniture, ask if you can borrow furniture from them for a short time. Also, some firms specialise in loaning furniture on a short-term basis. Installing these items in your home for a limited period helps you create a great impression, without spending a lot of money.

If you are looking to sell your house in Petersfield, get in touch. We aim to help you connect with buyers and by calling on Williams of Petersfield, you receive guidance from a local expert in the property market, so get in touch.

 

staging a home for sale

How To Choose Your Ideal Buyer

Even though there has been much pessimism regarding the property market in recent times, property deals still take place. We are pleased to say we have helped many vendors in Petersfield sell their home. If you are keen to sell your home in the Petersfield area, please get in touch, and we will be happy to assist you find your ideal buyer.

Given the demand for property, it is not uncommon for vendors to have multiple offers to consider. If you find yourself in this position, you need to evaluate your options. Naturally, many vendors believe the most significant offer is the most appealing option.

However, it may be the most substantial offer isn’t the best for your needs. On many occasions, the most extensive offer will be your best offer, but this isn’t always the case. If you want to know how to choose your ideal buyer, there is several things you need to consider.

Consider the terms of all offers when looking for your ideal buyer

There may be times when a smaller offer is more appealing. An example of this comes when you have a cash offer and an offer dependent on a mortgage. If the lease has only been agreed in principle, the cash offer may be far more attractive, even if it provides you with slightly less money. This would make the cash buyer your ideal buyer.

A mortgage agreed in principle isn’t a guaranteed mortgage, so it may not be on offer. Even if this mortgage does come to fruition, it may take several weeks for the lease to be made available. If you have a cash offer, you can proceed much more quickly, which appeals to many vendors.

If you need to move quickly or there is a deadline in place when it comes to selling your home, a cash deal makes more sense.

Is the buyer part of a chain?

Another thing to consider when evaluating offers is the status of the buyer. If the buyer is involved in a chain, this may hamper your ability to conclude the deal effectively. When people are involved in a property chain, there is a higher risk of deals collapsing, or at least being delayed.

If you receive an offer from a first-time buyer, their offer may be more appealing to you than a more substantial offer from a buyer involved in a chain. If you want to conclude quickly and reduce the level of stress you experience in selling your home, looking for a chain-free offer is a smart move.

Is the buyer motivated to move in?

If you are dealing with a motivated buyer, you should find the deal moves much more quickly. There is a great deal to be said for choosing an offer from a buyer who wants to conclude soon as opposed to someone who seems content to take things at a slower pace.

Don’t be afraid to speak with the prospective buyer and ask their opinion on the move, and what they want to achieve. This information may provide you with insight into whether this is the right buyer for you.

If you plan on selling your home, you need to have your home valued. We’re pleased to offer a valuation service, and whatever help you require in selling your home, we can provide it. When you want to sell your Petersfield house, contact Williams of Petersfield.

What Costs Do You Need To Cover When Selling Your Home

While most people are aware of buying your home is expensive, not as many people know the costs of selling your residence are also prohibitive. These costs need to be met at the same time, and if you don’t budget for them, you may create a significant gap in your finances.

At Williams of Petersfield, we are here to help you know what costs you need to cover when selling your home.

Energy performance certificates (EPC)

If you sell your home, you need to have an EPC for the property. You may already have an EPC. You should be aware that EPCs last for ten years, so if you have arranged an EPC in the past few years, you will be covered.

If you don’t have an EPC in place, you need one. The costs of an EPC vary, so make sure you shop around. The price can vary between £35 and £150, so there is a gap between what you might end up paying.

Estate agent costs for selling

If you use an estate agent to sell your home, and you should use an estate agent to sell your home, you need to pay for this service. Not all estate agents are the same; not all professionals charge the same price and not all agents charge you in the same manner.

selling home

It is believed the average estate agency fee in the UK is between 1% and 1.5% + VAT, but the cost can range between 0.75% and 2.5% + VAT. Most vendors use traditional High Street agents. While some people use online agents in the hope of lowering the cost of the service, online agents don’t always provide value for money.

Some online agents don’t offer all the services you need; other agents may not be of a good enough standard to promote your home. Some online agents provide an excellent service, but it is telling most vendors still use traditional estate agents.

Before you choose an estate agent, confirm the price is suitable, and make sure it provides you with value for money.

Conveyancing solicitor fees

You’ll also rack up conveyancing fees when selling your home, and this can be expensive. It is not uncommon for conveyancing solicitor fees to range between £550 and £1,000 + VAT. Similar to estate agent fees, not all conveyancing professionals offer the same service or standard of work. Before you commit to a conveyancing solicitor, research them and what they offer.

Try to find a well-recommended professional who you feel comfortable with using. If you are selling and buying, you may be able to obtain a discount for using the same professional for both conveyancing elements.

Other costs you need to pay include:

  • Removal costs
  • House cleaning costs
  • Redecorating costs
  • Mortgage exit fees
  • Stamp duty

With so many costs to consider, it is critical you budget for these aspects when selling your house. If you plan on selling your home and want assistance from a local professional, contact Williams of Petersfield, and we’ll be happy to help.

What Home Improvements Add Most Value

All homeowners should hold an interest in adding value to their home. Even if you don’t intend selling soon, adding value to your house offers comfort and confidence. Of course, if you plan on selling your home fast, it makes sense to make home improvements that attract buyers, add value and make your home stand out from the crowd.

If you plan on staying in your home for many years to come, you can make home improvements that meet your needs. However, if you plan on selling soon, think about what buyers want or need from a home. Improvements that are tailored to the needs of the buyer, while increasing the value of your home, should ensure that you make a smart investment.

Garage door upgrades are affordable and in demand

For a quick impact when improving your home, consider the benefits of upgrading your garage door, if you have one. While having a stylish or appealing garage door is essential for many homeowners, the key reasons to have a garage door is functional. You want a safe and secure garage door that keeps people out while keeping possessions safe.

Also, with an increasing number of people using their garage space as a living area, or connecting their home to the garage space, security is paramount. Upgrading the reliability and robustness of your garage door will have a hugely positive impact on the value of your home, and buyers.

Decking makes sense with home improvements

Anyone who has outdoor space at their home knows the benefits of sitting in the sunshine, enjoying pleasant weather. However, to make the most of great weather, it is critical to have an area that allows people to relax and unwind.

Investing in the decking area is a smart choice, and it should ensure you make the most of your time in the sun, while also adding value to your property. A decking area is the sort of thing buyers look for, and if it differentiates your home from other properties in the area, all the better.

Upgrade the kitchen

With the kitchen being the hub of modern life, there is a great deal to be said for ensuring this room is of the highest standard. You don’t need to overhaul your kitchen completely, but you should add new appliances.

Ensuring your kitchen looks contemporary is a smart way to attract attention. You should also look to maximise space in your kitchen. Adding new storage options improves the appearance and utility of your kitchen, which is sure to draw attention to your house.

Be more energy efficient

Energy efficiency upgrades are vital in making the most of your home. Improving the energy efficiency of your home makes it easier to save money. Whether you intend to sell your home soon or not, this is a great feature to have in your house.

At Williams of Petersfield, we are here to help you make the most of your home. If you want to add value to your house, increasing the likelihood of selling your home, contact us, and we’ll be happy to help.

Here’s How To Prepare Your Home For A Viewing – Urgently!

The viewing stage is critical in selling your house. You may find prospective buyers view your home on more than occasion, but you need to impress every single time. If you have a lot of time to prepare your home for a viewing, you have more opportunity to create the best possible impression.

However, you don’t always have a lot of time to prepare your home for a viewing. There are times when you may only get minimal notice of a prospective buyer coming around to view your property. When you live in the house during the sales process, it is virtually impossible to maintain a showroom like state, and this means you have work to do to ensure the home meets the standards you need to match.

Start to prepare your home with the decluttering process

The decluttering process is essential in presenting your home. A good declutter is critical when readying your house for images, and it is equally important when you welcome guests to your home. Get rid of any junk or unnecessary items from around your home.

Try to keep accessories and additional items, such as ornaments or photo frames to a minimum. You want the buyer to picture themselves living in your home, and this becomes more likely when you remove most of the items of you and your loved ones.

Ensure the kitchen and bathroom are spotless

All rooms are important when selling your home, but you need the kitchen and bathroom to look fantastic and very clean. Make sure you wipe down all surfaces, clean the flooring and try to create as much space as you can.

viewings

If you create a showroom like environment in the kitchen and bathroom, you are far more likely to develop a positive atmosphere with your guests and prospective buyers.

Clean the floor if you can

Buyers eyes will naturally scan a room from the floor to the ceiling. Therefore, your floor will be looked at carefully, and you need to create a positive impression. Take the time to vacuum carpets, sweep wooden floors and give tiles or vinyl laminate a going over with a mop.

Freshen up the bedroom

It is possible to liven up your bedroom quickly and effectively. Changing your bedsheets and linen for fresh additions will change the mood of the room, making it look cleaner and more appealing. The bed is the centrepiece of the bedroom, and if it looks attractive, you stand a better chance of impressing prospective buyers.

Hopefully, you have enough time to focus on these tasks. If your time is minimal, start with the decluttering process and then try to fit in as much else as you can. Also, try to give yourself time to calm down before the buyer arrives, ensuring you efficiently greet them.

If you are looking to sell your home, it is best to call on the support and guidance of a local professional. Get in touch with Williams of Petersfield, and we will be more than happy to help you out in the sales process.

Improve Your Bathroom and Sell Your Home

Every room has a role to play in selling your home. There is an argument that your home is only as attractive or as appealing as the weakest room in the house. Therefore, every homeowner looking to sell their home should look to present each room as best as they can.

However, some rooms are more important than others in engaging buyers. To make the best impression on buyers, make sure your kitchen and bathroom are in excellent condition. These rooms need to be cleaned to a high standard, they need to be spacious, and they need to be welcoming.

A lot of tips are available on how to present a kitchen in the best manner, although there are fewer articles and tips on how to improve your bathroom to sell your home. At Williams of Petersfield, we aim to provide you with the best standard of service,  and if you’re looking for guidance on how to improve your bathroom to attract attention, and persuade buyers to make an offer.

Blitz the mould in your bathroom

You know that bathrooms need to be clean, but if there is mould in your bathroom, it could be a worrying sign of more significant problems. A bathroom with mould may suggest there is a dampness problem or an issue with the ventilation in the house.

Therefore, you want to treat the root cause of these problems, but you also need to remove all visible signs of mould and damage. This can be a tough task, but with the right attitude, effort and plenty of bleach, you can create a stylish bathroom.

Create more space

Space is critical in every room of the house, and the bathroom is no different. As a vendor, you want to ensure that you offer as much space as you can in your bathroom, which isn’t always easy for the “smallest room in the house”.

bathroom sales

However, one suitable solution that helps is the addition of wall-mounted cabinets. Storage space is vital in bathrooms, especially when you consider the number of cosmetic products, medicine and other items contained in the bathroom.

Wall-mounted cabinets also make for a safer room, keeping dangerous items out of reach of children. Therefore, adding more floor space and creating a safer environment will help make a positive impression on buyers.

Choose a simple yet pleasing colour scheme

If you’re decorating before selling your home, it is essential to think about the needs of the buyer. You may believe bold colours will ensure your room or home stands out from the crowd, but it may be off-putting to prospective buyers.

Think about the traditional colour schemes associated with bathrooms, and try to cultivate a clean and consistent colour scheme that appeals to buyers.

Add finishing touches

Small touches like folded towels, scented candles and accessories will help ensure your bathroom, and home is the one remembered by prospective buyers.

If you are looking to sell your home, it makes sense to call on the experts for support and guidance. If you want help from local specialists, get in touch with Williams of Petersfield. We’re delighted to have assisted many vendors in selling their house, and we look forward to helping you.