Selling a property right now can be tough. Rising interest rates, stamp duty increases, and market uncertainty are making it harder for many people. But don’t worry! There are several strategies that could help you sell faster and for a better price, if your property is not selling. Here’s a rundown:
1. Try a New Estate Agent
If your current agent isn’t getting the job done, it might be time to switch to someone new.
Benefits:
- A new agent can bring fresh ideas and more buyers.
- You might see faster; results with a more active agent.
Drawbacks:
- It takes time to switch agents, which could delay your sale.
- The new agent might not perform any better than the last one.
2. Work with Multiple Estate Agents
Using more than one estate agent can help your property get more exposure.
Benefits:
- More agents mean more buyers-and more competition, which could drive up the price.
- Your property could sell faster with multiple agents working on it.
Drawbacks:
- You’ll pay more in fees for using several agents.
- Coordinating viewings can get complicated with multiple agents involved.
3. Sell at Auction
If your property needs work or has problems (e.g. it is not mortgageable), selling at auction could be a good option.
Benefits:
- Auctions attract buyers who specialise in fixing up properties.
- It’s quick-sales typically close in 28-56 days.
Drawbacks:
- No guarantee that your property will sell at auction.
- Auction fees may reduce your profits.
- The final price might be lower than you hoped.
4. Lower the Price
If you’re not getting any offers, it may be time to consider a price drop.
Benefits:
- A lower price could attract more buyers and help sell your property faster.
Drawbacks:
- You’ll make less money when the property sells.
- A price drop doesn’t always guarantee a sale.
To decide if this is the right move, ask an estate agent to value your property and do your own research by comparing your property to what other similar properties are selling for in the area.
5. Make Improvements to the Property
Improving your property could make it more attractive to buyers.
Benefits:
- Improvements can increase your property’s value.
- A better-looking home could sell faster and attract more buyers.
Drawbacks:
- Renovations can be expensive.
- You might not get back what you spend if the improvements don’t increase the property’s value as much.
6. We Pay for & Manage the Improvements
Our favourite option! We can pay for and handle all the improvements, so you don’t have to lift a finger or spend a penny!
Benefits:
- We’ll make smart, cost-effective improvements to increase your property’s value.
- You don’t have to worry about paying for or managing the work.
- If the improvements don’t increase the value as expected, you don’t lose anything.
Drawbacks:
- It might take a few months to complete the improvements, but we work quickly.
Get in Touch
Want to know more about how we can help you sell your property faster and for a better price? Contact us today.