There are very active signs in the property market right now, as falling inflation levels point the way to lower interest rates and mortgage rates to come. Meanwhile, average house prices have been steadily rising in most areas, after a slump following the financial market panic two years ago.
The cost of living crisis is also easing, paving the way for more first time buyers to access mortgages, and making both buyers and sellers feel more confident. A rebounding housing market is of course a positive situation, but if you are selling it’s important to position your property wisely on the market. Here are some tips.
If you are selling a property in Hackney Central, our experienced estate agents will be happy to provide you with tailored expert advice.
Make sure the price is right
Getting the price right is crucial to ensure that your property attracts interest and offers. The market is cautiously optimistic, but it’s important to remain realistic to avoid your home sitting on the market for too long and becoming stale.
Use a local estate agent who knows the area well, and will have a good insight into what recent sale prices comparable properties in your area have achieved.
Step up kerb appeal
Kerb appeal is a neat way to describe the first impression the exterior of your property will make on viewers. This is the only way they will have to assess the condition of your house before booking a viewing, so to maximise interest and offers, pay attention to the view from the street.
Recoat any peeling paintwork, wash doors and windows, weed the drive and make sure that the front garden is tidy if you have one. Finishing touches such as hanging baskets can give your home that extra boost of kerb appeal.
Stage the inside of your home
In the digital era, most people will flick through photos of every room in your house before deciding whether to book a viewing. There’s no need to redecorate because people will naturally want to put their own stamp on a place, but you can help by decluttering and clearing personal objects wherever possible.
Use a professional photographer and ensure they use a wide-angle lens to do justice to the proportions of each room. A virtual video tour is now offered as a standard feature by many estate agents.
Keep an eye on market trends
Although the housing market is less volatile than it has been in recent years, these are still rather unpredictable times. London in particular can be sensitive to shifts in the market, so keep an ear to the ground and be ready to adjust your strategy and negotiate if necessary.
