Six things that speed up a property sale
Listing your property for sale often comes with mixed emotions. On one hand it might mark an exciting new chapter. On the other, you might be apprehensive about whether you’ll get the price you hope for and how long the property will take to sell.
And the last thing you’ll want is for that process to take longer than is necessary. With that in mind, here are six things that can help speed up a property sale.
Set the right price
Pricing a property properly is a bit of a balance. Naturally you want to get the highest price possible, but you also don’t want to put people off and see your property languishing on the market.
To set the right price, ensure you select an experienced local agent and also do your own research.
Familiarise yourself with other listings in your area. Put yourself in the buyer’s shoes, does the price of your property fit in with other similar properties? What are some of the recent sales in your area?
You can search for this information or your agent should have recent sales prices on hand.
Consider street appeal
First impressions are important. Overgrown trees and shrubbery can obscure views and give an unkempt image, although some greenery is appealing, so there is a balance to be struck here.
Good quality landscaping can make a big difference to property appeal and a few well-placed plants in an established garden can create an attractive feel.
Clean and smooth paths and driveways also make a big difference when helping your property stand out, while good security and privacy can help with street appeal.
Meanwhile, painting your house a modern and contemporary colour shade is another way to give it that wow factor.
Good preparation
To speed up the sale of the property, it helps be clean and uncluttered. This step may require some time and alternative storage solutions may be needed.
Meanwhile, tend to any obvious maintenance or repairs as this helps the property look well cared for.
Marketing strategy
Marketing is designed to help your property stand out from the crowd, attracting interest from the outset.
A good sales agent will utilise multiple marketing elements which may include online and print advertising, advertorials, signage and leaflet drops.
Many agents also have access to qualified potential buyers within their network.
Meanwhile good quality photos also make a big difference, as do videos and floorplans, allowing interested parties to research thoroughly whilst highlighting desirable features.
Market forces
Many factors influence the housing market, and while it’s often talked about on a national level, the reality is the property market is often quite localised.
Interest rates, local economy, general trends and property location can all be elements that affect supply and demand relating to your property.
It’s important to consider the current market climate. If properties in your area are in high demand but there’s limited supply, chances are you’ll get a quick sale at a higher price.
The contract of sale
A simple and uncomplicated contract of sale, with some flexibility for the buyer, is another way to speed up the sale of a property.
Your conveyancer and sales agent can help guide you here. If you are prepared to be flexible to allow for buyers’ needs, such as finance clauses, you could be more likely to promote a good relationship and secure a quick sale.
