If you need to sell your house quickly, there are steps you can take to improve your chances – even in a slow market.
Here, we’ll run through some of the things you can do to ignite buyer interest in your home and we’ll look at the current market and whether now is a good time to sell…
Is 2020 a good year to sell your house?
It wouldn’t be an understatement to suggest that 2020 has been a year of huge upheaval for everyone due to the coronavirus pandemic.
However, since the economy reopened in May following the enforced lockdown, the housing market has been buoyant, with Rightmove reporting:
- Prices nationwide up 2.4% in July compared with March
- September prices up 0.2% on August and just £256 below July’s record figure
- Buyer enquiries in July up 75% on the previous year
- The number of homes selling within a week of coming to market up 125% compared with 2019 – the highest figure for 10 years
- Prices in the South West up 3.9% annually
With buyers still releasing pent-up demand stemming from lockdown, it remains a very good time to sell your house.
And thanks to the stamp duty holiday, buyers stand to make substantial savings – as long as they can complete their purchases before the March 31, 2021 deadline.
Although that deadline may still seem some time away, factoring in the Christmas break means buyers looking to enjoy those stamp duty savings, and sellers looking to attract those buyers, really do need to act now.
How to sell your house quickly in this market
More properties on the market generally means more competition for you when selling your home.
So, making your property stand out from the crowd is key.
Make the most of autumn 2020
While autumn is not traditionally regarded as the best time to sell when compared with spring, 2020 is a little different.
As we spent most of the spring in lockdown, the autumn market has been busy as buyers try to beat the stamp duty deadline and get into a new home before Christmas.
Give your exterior a spruce-up
The first thing buyers see when viewing your home is the outside, so make sure it’s looking its best to make a great first impression.
- Tidy up your front garden and trim back summer growth
- Jet wash paths and driveways and store away bins
- Give your front door a lick of paint or a wash down
- Place some autumnal plants or pots
Declutter your property
Buyers need to be able to visualise living in your home with their own things.
So, if your main rooms are full of clutter and oversized furniture, it can be very difficult for buyers to see past this.
- Move out any unnecessary items of furniture
- Show off space for storage
- Use rooms how they were intended – so if you’re using a bedroom as an office, convert it back to a bedroom ahead of viewings
Give your décor a fresh look
- Give any tired walls a lick of neutral paint, which will allow buyers to visualise their own styles and tastes
- Fix any obvious defects, like broken tiles, wonky taps or chipped woodwork
- Give your home a deep clean so it’s smelling fresh and looks cared-for
How can I increase my chances of selling my house?
As well as tidying up your property and undertaking small work to ensure it is presented at its best, there are also other big decisions that can affect your chances of a quick sale.
- Choose the right estate agent – the agent who provides the highest valuation isn’t always the ‘right’ agent. Look at their experience of selling homes like yours and how proactive they are with their marketing
- Set the right asking price – in a buoyant market with lots of competition, your asking price is key. Too high and it might hinder the amount of interest you have; too low and you might not be able to take your next step on the ladder
If you’re set on selling your property this year, you’ll need to be up to speed with all the costs associated with moving home.
Our guide outlines everything you need to know about moving costs.