Category: Selling a Home

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Does Autumn Affect The Property Market?

Autumn is essentially the end of the hottest season of the year for selling and buying property. That’s true both literally and figuratively. The buying and selling season begins in late spring and rapidly comes to a close towards the end of summer.

So, by the time you reach Autumn, people are becoming more desperate to get their home sold. This tends to be the time when asking prices tend to drop. It’s also the point where you can find great deals on the market. You can make sure that you are able to find your dream home for significantly less.

autumn property market

You may also find there is a lower level of competition to buy through autumn. There are certainly less people searching the property market for their dream home.

However, there are also less people selling. This can make finding the property that you want to purchase more difficult. You might struggle to discover a property that you love, even as prices begin to decline.

Autumn also means the evenings are getting darker. That’s an issue for home viewings as you’re less likely to be able to get to a property to see it during the day. This can make it more difficult to know about issues with lighting or other variables that impact whether people want to commit to a sale.

Finally, if you purchase a home in Autumn, you are more likely to be moving through the winter season. The weather can make this far more challenging and evening more expensive.

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5 Ways to Prepare your Home for Sale

Preparing your home for sale is a necessary part of the process. This is a detail that can make the difference between selling the house and watching it stay on the market. Having a property for sale is already a big deal, and with these five tips below, you can prepare to sell your home on the property market smoothly.

Get Cleaning

A clean house will sell faster than a messy one, and that includes clutter – not just dirt! Making a good impression with buyers is essential, and the fastest way to get that impression imprinted in their minds is with a clean house.

Impersonal Is Key

Take out all the personal clutter. Photos and mementos that are personal to you should be taken out of the house when you show prospective buyers around. They need to envision THEIR home; not yours.

Touch Up

If you need to repaint the walls, the time to do it is now before you start bringing buyers through. Touching up the paint can make the whole place look much fresher, which will help in your sale.

Declutter

We mentioned cleaning and decluttering, but you need to empty your house of as much clutter as possible before viewings. Buyers need to see it as their house and the potential it has; which means the piles of laundry need to disappear!

Open The Space

Temporarily remove some of the overflow furniture from your house so that you create an emptier, more open space. This will make it look bigger!

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How Do Estate Agents Value a Property?

Whenever you are selling or buying a house, it’s important to think about the main factors that an estate agent will consider when putting your property or your potential house on the market. Here is a list of just some of the ways they decide:

Curb appeal

What does the property look like from the outside? Does it have a nice front garden/doors/windows? Is it on a main road? All of these will be taken into consideration when an estate agent prices up a house. It’s all about first impressions, so if the house is not aesthetically pleasing from the outside, it may turn buyers off. However, this also appeals to the interior, as for a larger price it will be more spacious, modern and have unique features within it.

Transport links

Especially essential if you have to commute to work, they will take into consideration what the transport links are like in the area. If the property is in the middle of nowhere and it is hard to get to a train station, for example, it will be priced considerably lower.

Catchment areas

To make the property appealing to families, the estate agents will check if it is in a school catchment area. A sought-after catchment area that is surrounded by schools is very appealing to families – therefore the house will be priced higher.

Neighbourhood

If the house is placed in a lovely neighbourhood, with picket fences and not a lot of traffic, undeniably the price will be high. If it’s on a main road, in a run-down estate or next to a pub, it will be lower.

Local amenities

What are the local amenities like? If it is within an area with lots of upmarket shops and restaurant, the area is considered to be more affluent, therefore the value of the property will go up. If it is in the country with no shop in sight, no matter what the size of the property, it could be priced low.

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Process for Selling a House

Selling a house can seem like a significant undertaking. But you can break the process down into several smaller steps, each of which is relatively straightforward. Let’s take a look at the process of selling your home.

Step 1: Decide Who Will Sell Your Home

When it comes to selling your home, you have a number of options for who will sell it.

  • Private Sale. A private sale is where you take responsibility for advertising your property for sale.
  • Estate Agent. Estate agents can help you sell your property by advertising it to people in the market for a home, but you’ll have to pay a fee.
  • Online Estate Agents. Online options can be cheaper than traditional estate agents.

Step 2: Price Your Home

Your home is unlikely to have the same value as when you bought it. You can have your property professionally valued, or you can guess an amount yourself based on prices in the surrounding area. Professional valuation ensures that you do not sell your home for too little.

Step 3: Prepare Your Home

Once you’ve advertised your home, people will want to visit. Follow good housekeeping rules to make your home as appealing as possible.

Step 4: Negotiate Contracts

Once somebody commits to buy, you’ll have to exchange contracts including details about what is included with the home (fittings etc.). Then you’ll transfer contracts at which point the buyer is legally committed to buying.

Step 5: Complete The Sale And Move Out

Once the paperwork is done, all that’s left to do is hand over the keys and move to your new home.