Selling a property needs proper strategies; you obviously want to market your property when the demand for property is high and the market is strong.
Therefore, it is wise to always keep an eye on the property market and look for the perfect time to sell your property well. In general, the market tends to be more active during early and late summertime than the rest of the year.
Additional point to look out for is the low interest rates. A small number of people are ready to give out a £150,000 mortgage when the Bank of England has just stated their plans of increasing the rates by two percentage points.
You should also synchronize your selling rate with others in your neighbourhood. Also, if there are already three ‘For Sale’ signs on your neighbourhood, it might be wise to wait for quite a time before proceeding.
Get an outline of the property market by checking what other properties like yours are already in the market, in order to time your property sale well. Inquire with Estate Agents what they are currently selling and examine online property transaction databases for any sales near your area.
If you are not only selling your property, but also looking to purchase a new one; it is advisable that you place your property up for sale before you begin looking for a new property to buy.
By doing thus, you will be able to time the progression of the sale so much better and estimate the probable price range for your new property.
Table Of contents
- Home Selling Guide Intro
- Knowing When To Sell Your House
- Expenses Involved In Selling Your House
- Who Will Sell Your Property
- Valuing your Property
- Choosing An Agent
- Selling Your Home Privately
- Selling A Property At Auction
- Preparing Your Property For Sale
- Property Viewings
- Conveyancing For Sale
- The Sale Completion