We outline 5 property selling myths ….!
1. You shouldn’t accept the first offer
If you’re selling on the open market then the first week should be when you get most attention. So if you get an offer that you’re happy with, then there’s nothing to say that waiting a few more weeks will deliver anything better. In fact, the longer a house is on the market, the more likely people will ask what’s wrong with it, and want to negotiate in their favour.
2. You’ll get a return on your renovations
Just because you spend £5,000 re-doing your kitchen, doesn’t mean that you’ll get £10,000 back when you sell. Not everyone will share your tastes, so think carefully about the areas that you want to tackle and focus on function rather than fashion (like fixing broken door handles over painting the bathroom walls green).
3. Go with the estate agent that values your home highest
Estate agents are commission led (well at least the good ones), so it’s mutually beneficial for them to sell your home for as much as possible. But — selling your home and valuing your home are two completely different things. So watch out for estate agents with unrealistic valuations just to list your property on their books, the likelihood is that it’ll actually never sell and you’ll be forced to reduce months down the line to get any traction.
4. Only sell in spring
‘When’s the best time to sell a house’ is a loaded question without a straight-forward response. Traditionally, spring has been the best time to sell with warmer weather and blossoming gardens, while summer and Christmas are earmarked as poorer times with respective holiday excitement taking precedence. But — that was before Brexit, before covid, and when times were somewhat more predictable. So, the best time to sell, is when it’s right for you. Price your home realistically and there will always be interest.
5. Guaranteed sales are impossible
Property cash buying companies offer a guaranteed way to sell your home quickly. They’ll make a cash offer on any property no matter what state of disrepair, cover your legal fees (usually), exchange within 7 days, and offer a fair price for your home.