All we keep hearing on the news and reading in blogs etc is that The UK House Market is in the doldrums. Numbers of new Mortgages are still 40% under where they peaked immediately before the current Downturn started. Additionally, House Values are continuing to tumble, albeit at a reduced rate compared to last year.
Despite of all this, you could be excused for panicking if you all of a sudden find yourself in the position of needing or wanting to disposes of your House.
What you need is a bit of upside-down thinking. Instead of worrying about the 40% of mortgages that have disappeared from the market; think about the 60% that are still going ahead despite all the doom and gloom of the Downturn. In addition, instead of worrying about “How can I get a Quick House Sale”, start to try to work out who’s likely to want to Buy My House, and of those people, who’s most likely to be able to Buy My House.
As soon as you come up with a pretty clear idea of your target customer, you can personalize your House preparation & marketing plans to make the most of your House’s lure to your target customer.
Whatever your target purchaser, there are certain basics in preparing your House for sale. Everything must be spotlessly clean, inside and out. Send pets away on a holiday and thoroughly clean away all their smells & stains. If paintwork is loose or flaky, don’t just daub more paint over it. Prepare the surfaces properly & you’ll get a do need to do some decorating, now’s the time to choose the colours to attract your target customer, but temper that with keeping to fairly neutral colours that won’t offend anyone.
Finally, be flexible on price. If a Cash Buyer turns up, don’t be afraid to offer a decentdiscount for a quick sale, as long as you’re sure you’ll be able to recoup the loss when you buy your next House. This will put you in the Cash Purchaser’s situation when you come negotiate on your next House.
You may even consider calling in one of those “Sell House Fast” specialist organisations. Normally, these organisations will pay around 80% of the market value of your House. In return for this discount they’ll complete the deal very quickly indeed; often in as little as seven days. So you need to weigh up the downside of giving a hefty discount against the advantages of becoming a Cash Buyer
for your next House.
Bear in mind also, that as long as House values continue to fall, it’s to your advantage to be out of property for a few weeks or even months, so don’t go dashing into that next House purchase. Be ready to negotiate hard, and remember: time is very much on your side.
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