Selling a house is never a simple task and it get's even tougher when you're looking to sell your house fast in a slow market.
That said, there are still steps you can take to sell quickly even if the market is struggling!
So how do i sell a house fast in a slow market?
Below, we'll be diving into some of the best tips and tricks to help you achieve a quick sale!
Did you know that the average price of a house in the UK housing market has steadily increased since 2013? In fact, in January 2022, the average cost of a home in the United Kingdom was £274,000, marking a 9.6% increase from the previous year!
Both over-pricing and under-pricing are prime examples of how you can slow down a property auction. So whether you're selling a newer home or an older fixer-upper, it's essential to know your home's actual fair market value and the cost of other similar houses in the area.
This is especially important if you want to sell your house fast in a slow market.
Not only does knowing the market value for your property type help when it comes to setting realistic expectations. But it can also help you choose an appropriate asking price for your house.
Setting an appropriate asking price will help attract the correct type of buyers to your home, ensuring the property will sell faster even when dealing with a slow market.
Speaking to estate agents can help you learn what similar properties are selling for in your local area. Just make sure to contact an estate agent who is a member of The National Association of Estate Agents (NAEA).
If you want to sell house quickly, you must make sure the property is as presentable as possible. After all, 82% of buyer agents believe that staging a property helps potential buyers visualize it as their future home.
Estate agents also believe that staging can increase the sale price by up to 10%.
The most important thing you can do is ensure that the property is clean and tidy both inside and out. But you can also do a few other things to stage your home and help potential property buyers see themselves living in it.
For instance, we recommend removing as many personal items as possible, including family portraits and any other type of personal memorabilia.
In terms of minor home improvements, a fresh coat of paint is another relatively cheap, quick, and easy way to make the home more appealing to potential buyers. On the outside, you should also make sure the lawn is neatly trimmed and that any garden beds you have aren't overgrown with weeds.
Long gone are the days of listing your home for sale in a newspaper ad and waiting for the right people to see it. Today, there are many different ways you can market and sell house directly to the right people!
After all, it's estimated that roughly 97% of home buyers use the internet to search for houses for sale in their local area.
So, if you want to sell your house fast in a slow market, you should get a bit aggressive with marketing the property for sale.
Of course, if you're working with an estate agent, they'll take the necessary steps to list your home for sale on the market. But the online property market is another excellent option to help you sell your house fast.
You can always sell your house on alternative sites, such as Home.co.uk
You might also want to consider posting your home for sale on social media sites, such as Facebook or other online platforms where prospective buyers might be looking for more houses.
To sell your property fast, you must ensure that potential buyers know about all the features that make your property stand apart from others in the same area. That being said, keep in mind that some home features are more sought-after than others.
For instance, did you know that a completed laundry room, exterior lighting, and interior ceiling fans are amongst the most in-demand features potential buyers are looking for in a new home?
So when listing your home for sale or speaking directly with prospective buyers, always focus on the property's most notable selling features.
If you're looking to sell a house fast, especially in a slower market, you must do everything to expedite the house selling process. In other words, you must be ready and ensure that there are no loose ends that might hinder the closing process.
You'll want to ensure that your mortgage payment is paid up in full, that there are no outstanding balances, permits, or taxes past due on the property, and that there are no other factors that might delay completion dates.
Always remember that there are many market forces that house sellers can't control.
In a slow market, sellers often find that no matter how fast they can prepare and list their home for sale, it sometimes takes weeks or even months before adding the SOLD portion onto the sale sign.
On top of finding and meeting a good estate agent, showing the home to prospective buyers, and signing off on all the documents, there's also cleaning to be done, boxes to be packed, lawyers to contact, and a million other tasks that need to be completed before you can sit down and relax.
That said, even during a slow market, it's a FACT that houses still sell. And the good news is that it doesn't always take weeks or months to get your property sold at the right price.
We're confident if you follow some of the tips we've listed above they will go a long way in helping you sell your house for market value even if the market is struggling!
Working with an estate agent is undoubtedly a great way to sell your house fast in a slow market. But estate agent fees can often put a massive dent in your profit, and going the traditional route usually takes more time than you'd like.
Fortunately, there's an easier way to sell your house fast!
Housebuyers4u is a property buying company that will buy your house fast, even in a slow market.
Of course, you always have the option to work with estate agents and wait months to find the right buyer for your home. But when the market slows, a cash buying service is often the best choice for a fast sale.
So why not get a firm offer on the table in 24 hours or less?
If you're wondering how to make your house sell fast, you'll be glad to know that we offer a guarantee of completion, no estate agency fees, and we buy AS-IS with no questions asked, which means that selling your house fast is entirely hassle-free.