Frequently Asked Questions on Selling Your Home
Selling your home, particularly for the first time, can be confusing. To the unfamiliar, the housing market can seem like a minefield strewn with legal jargon, false starts and figures. Choosing the right estate agent to be by your side to help navigate your house sale has never been more important. They can provide reassurance and expertise, removing the confusion and helping to find the right buyer for your property at the best possible price. At Castles Estate Agents in Swindon, we are committed to providing a valuable service to our customers when selling their homes. With that in mind, we have put together a list of some common frequently asked questions from people looking to sell their homes. Read on to learn more, or to speak to a member of our experienced residential sales team, contact us on 01793 611677.
When Is the Best Time To Sell?
One of the most common questions we hear from sellers is ‘when should I sell?’ In some cases, you may not have the luxury of choosing when to put your home on the market if you need to sell quickly. And of course, selling your house successfully will be from a combination of multiple contributing factors, not simply when you put it on the market. That being said, there has been in the past a common consensus by the general public, that certain times of year are better for selling than others. In the old days, property sales tended to take a downturn during the summer months due to people being away on holiday. Similarly, people didn’t want to be moving house around Christmas time, so aiming to sell just before then might not have been in your favour. Spring was the best time of year to sell, as there were no big holidays coming up, many people decide to make a ‘fresh start’ in the new year and wanted to move out/move house. Early autumn was also a good time to sell, provided the house went quickly and was not left on the market leading up to Christmas.
However, with the introduction of the internet, coupled with a major shift in life work balance we have now seen a massive flattening out of the housing market trends throughout the year and there is now a much smaller gap between the peaks and the troughs compared to yesteryear.
With the above being true and the lack of property in the current market place, at Castles we are confident that the right property marketed with the right agent at the right price will successfully sell at any point of the year.
For the sake of guidance only and with data supplied on average across the country (which may not be an accurate picture of the local market) we have illustrated a guide to what could be the most suitable times to consider selling your home.
Ultimately, if you are considering a move in the future, we would recommend taking honest and professional advice on how to achieve the best possible price in your required timescales. The team at Castles will be here for you to advise, support and guide you from start to finish, with professionalism and expertise, offering you a service you will be more than satisfied with.
What Are The Current Housing Market Conditions Like?
According to the Office of National Statistics (ONS), house prices in Swindon are continuing to rise, with a 0.3 percent increase in June, adding to a overall average increase of 4.3 percent over the last 12 months. Property site Emoov reported that Swindon is the UK’s most in-demand place to live. Reasons cited include new development in the area, proximity to London and transport links and value for money when it comes to housing. An increase in interest rates has affected some people’s decisions to move however, instead opting to enhance their existing house through renovation or extension.
At Castles, we make it our business to understand in depth the market trends and conditions, to be able to best advise our customers. To speak to a member of our team, call us today.
How to Prepare My Home For Sale?
First impressions matter. And when it comes to selling a house, this rings even more true. When preparing to sell your home, you want buyers to be immediately impressed as well as being able to envision themselves living in the property. Before marketing your home, take a look around with an objective eye, spotting anything that could put buyers off, such as broken appliances, peeling paint or dirty windows. Spend some time fixing anything that needs fixing, or call in the professionals for bigger jobs. The front of a property really does represent the best opportunity to showcase your home, a great photograph on your brochures and online, coupled with the kerb appeal as potential buyers pull up for a viewing or as they drive by really can make all the difference. Therefore, ensuring the front of the property and front garden are well maintained will always attract people to click through online and ultimately contact us to arrange a viewing. For more advice on how to prepare your home for sale, read our guide. Or, to learn more about attracting buyers, this handy article can offer some further insight.
When working with a reliable, trusted estate agent, your dedicated agent will be available to advise you on how best to market your property for sale. To speak to our team of experienced estate agents, call us on 01793 611677.
How Much Is My House Worth?
Understanding how much your property is worth is vital when it comes to making a sale, ensuring you get the best price possible. By working with an experienced estate agent, you will receive a greater insight into the value of your property and how to maximise it to attract potential buyers. This is why it is important to get a comprehensive house valuation before putting your house on the market. A house valuation survey will cover a detailed market appraisal alongside accurate and honest advice from trained professionals. Read our recent blog post on how to increase the value of your home before selling.
For a free valuation for properties in and around Swindon, contact Castles today, or complete our valuation request form.
What Is The Difference Between Assessed Value And Market Value?
The assessed value of a property is determined by the mortgage lender and is based on a variety of factors such as the local area, similar property values, the layout and features of the property. The market value is how much buyers are willing to pay for the property.
What Is The Difference Between List Price And Sale Price?
The list price of a property is the asking price set by the sellers. The sale price is ultimately how much the property is sold for.
According to This Is Money, the average difference between the list and sale price is approximately £10,000 less, with a growing increase over the last few years, studies report. As asking prices increase, this trend looks set to continue, albeit gradually. A good estate agent will advise sellers to advertise their home at a realistic, rather than overly optimistic value which could result in the property remaining on the market for a long time or the seller having to make a significant concession to buyers. At Castles we pride ourselves on bucking these trends and work tirelessly by fully qualifying our buyers and use our tried and tested negotiation skills to ensure we maximise the price for our vendors.
What If I Want To Cancel The Contract?
If you have changed your mind about selling or you aren’t happy with your estate agent, you may want to cancel your contract with your existing estate agent. You have the right to cancel your agreement with your estate agent in the first 14 days if the contract was signed outside of their premises, making changing estate agent very straight forward. Outside of this situation, it is important to look carefully over the contract before you sign, checking for any provisions around what will happen should you decide to cancel. A charge may be incurred if you pull out of the contract. Consumer rights advisor Which puts it succinctly in this helpful guide. If you decide you aren’t happy with your current estate agent, we advise discussing your concerns with them before taking any steps to cancel the contract and appoint another agent.
Why Isn’t My Home Selling?
When a house has been on the market for some time, possibly has had a few promising viewings, but has not sold, it is natural to wonder why. There are several factors that might be contributing to why your house remains unsold. Factors such as market conditions, the price, your agent or even a combination of these may be the cause. If you are worried, speak to your agent who can discuss possible solutions with you. For more advice, read our guide on why your property might not be selling.
For further advice and guidance for sellers, read our Sellers Checklist for a list of important factors to consider when selling your home.
Castles Estate Agents has helped hundreds of people across Swindon move home smoothly and successfully. Our team of dedicated, trained estate agents offer a wealth of knowledge and experience to each of our valued customers, alongside a friendly and professional service you can rely on. Call us today on 01793 611677.