09 May How can I get the best price on my run-down property?
Selling a property which needs refurbishment presents a real challenge to sellers in the 21st century. It’s a competitive market, and more and more buyers want a home they can simply walk into and begin life, rather than working through issues with the structure or décor.
However, there are a few things you can do to give yourself a competitive advantage, and hopefully secure a favourable price on the property.
Never conceal problems
It’s natural to want your property to look as good as it can, but it is also important not to conceal problems within the property which the new buyer needs to know about. Structural issues and damp are two key areas where being caught out lying will have far worse consequences (potentially financially) than just being upfront at the outset.
Try to look at your property like a buyer would. What would you want to know about it before you make a payment?
Carry out basic repairs
Lots of properties are more appealing to buyers if a few minor repairs are carried out before they go to market. If you can perform these repairs before you place your property for sale, then it will help you secure a better price.
Look at things like door frames and windows; give them a clean and replace anything which can be changed without too much expense. Keep your costs low, though – there is no need to carry out large scale repairs, but you do want the property to look as good as it can.
Sell to a cash buyer
Selling to a cash buyer is the best way to get a good price on your home. There are other key advantages to this approach, as the process is much shorter and less complicated than traditional routes to sale and purchase.
Finding a reputable cash buyer is essential, as you don’t want to be fooled into paying unnecessary fees. Finding a great cash buyer is also a way to avoid the fall-through rate which so often afflicts sellers throughout the sale process.
One of the main ways in which we help our sellers is that we help keep the process moving, using our superb negotiation skills. We may be able to help offset some of the costs which have already been sunk in the sales chain – and this allows you to keep more of the sale price.