Top tips for buyers and sellers

Top tips for buyers and sellers

Preparing your home for viewers, or “staging” to use the correct term, is important. Not only will it ensure your property is sold faster, but it can also potentially add thousands of pounds to its value.

With major disparities in the property selling times between various areas of the UK, Post Office Money and Propertymark offer their top tips to ensure your sale goes as smoothly as possible.

Post Office Money’s top tips for buyers
 
1. If buying in an area with a slower sale rate, an ability to move faster may provide an opportunity to negotiate with the current owners on house price. Having an agreement in principle in place will also help if a sale is taking too long because you will have the ability to find another property.

2. Consider in advance what interim solutions such as renting or staying with friends, are most financially viable to you if you are in a chain, especially if sales in your area tend to complete faster than the area you are moving to.

3. Use average sale rates to help plan for any additional costs that may occur if your home takes longer to sell than expected. Paying Council tax, home insurance and service charges on two properties can quickly add up.

4. If renting, have a discussion with your landlord in advance of your property search to understand what options you have in case you need to remain a little longer in your rental property if your new home is not available at the same time as your rental agreement.

5. Don’t forget to factor in stamp duty and ‘property search’ costs (also known as conveyancing searches). While stamp duty can be a big expense, property searches are a legal requirement and may highlight structural or planning issues that impact the property value, or lead to additional future costs


Mark Hayward, Chief Executive, NAEA Propertymark said: “Selling a property is one of the most stressful things you can do, no matter whether you’re a first-time-buyer, second-time-buyer or tenth-time-buyer. Going through the process can sometimes feel like having a second job, and can be a real strain – especially if you’ve found your dream property and are holding up a chain. Contrary to popular belief, there is no such thing as the ‘perfect’ time to market your property in order to secure a quick sale. You should work with an estate agent you trust, to get the property on the market at the right price as soon as you’re ready in order to maximise your chances of a stress-free and speedy sale.”
 
Propertymark’s top tips for sellers
 
1. First impressions are key and they really influence a buyer’s decision, so it’s important to make sure the property looks well maintained and cared for from the outside. Washing windows and walls to remove any dirt can help improve the overall look and feel of your property.

2. Potential house buyers may not share your tastes in décor and when they’re looking around your home it’s important that they can imagine themselves living there. Anything too over personalised can be a turn off, so keeping colours neutral will make the property more appealing.

3. A well looked after garden can give your home the wow-factor and is a key selling point for many buyers. For starters, it’s important to make sure your garden is tidied of any litter, the lawn is mowed, leaves are raked away, weeds removed and overgrown trees are cut back. If you have the time, you could pot some bright coloured plants to make the space more attractive.

4. Giving your kitchen a quick freshen up is a cost-effective way to dramatically improve the appeal of your home to potential buyers. By giving the cabinets a quick lick of paint, or replacing the doors and handles, the room will instantly be more appealing to viewers.

5. Open up the windows to air your property ahead of any viewings; rooms that smell musty are a huge turn off. If it’s cold outside, don’t forget to close them in time for the room to warm up again. It’s crucial to maintain a good level of lighting in your home as well, to make the space feel inviting. During the day, make sure all curtains and blinds have been drawn and in the evenings, turn on side lamps and light a fire to give the property a homely feel.

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Latest Comments

Tony Gimple
Tony Gimple 09 Dec 2017

Linking professionalism to limited company borrowing is a flawed concept. Despite S24 etc., limited companies are the most tax inefficient way of running a property business and leave borrowers seriously...

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Evelyn Attwood
Evelyn Attwood 01 Dec 2017

It's normal. If you plan to buy a house in one of the most beautiful spots in the country you should pay a high price.

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Evelyn Attwood
Evelyn Attwood 01 Dec 2017

I think that the situation will be the same at December.

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Scott Garnet
Scott Garnet 06 Nov 2017

If you have a patio or a porch it is important to make sure that any connecting doors are secured. Good advice for sliding glass doors is replacing the panels with storm resistant glass and getting heavier...

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richardrawlings
richardrawlings 01 Nov 2017

What has not been mentioned here is the effect of not only higher interest payments, but also that these payments are less likely to be offsettable as a business cost due to the scaling back of mortgage...

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Kelvin Lloyd
Kelvin Lloyd 09 Oct 2017

IT is up, to the Planners. If they will only give permission for bungalows on certain (suitable) sites, they will be built.

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maggie swift
maggie swift 09 Oct 2017

It's just the beginning of the shocking rise.

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maggie swift
maggie swift 09 Oct 2017

I have recently read that the bungalows can provide social housing for elderly residents in London.

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zoe glover
zoe glover 05 Oct 2017

Update! Worst company I have ever dealt with. Undervalued a Cambridge property by over 100k, wont take on any evidence of valuation including a RICS valuation done 3 years ago for the very same value...

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Paul Edwards
Paul Edwards 27 Sep 2017

Its nonsense articles such as this that make it harder to get clients to realise just how difficult the market is out there. When you see Rightmove and there are more 'price reduced' then 'new' most days...

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Tom Allen
Tom Allen 20 Sep 2017

Absolutely agree with you!

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RyanGeo
RyanGeo 18 Sep 2017

A sharp correction would be a less dramatic expression to use. That is already underway in certain sectors in Reading where I practice as Chartered Surveyor

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