Top 5 Tips To Help You Sell Your Property Quickly
April 5, 2019
So, you’ve decided you want to sell your property. Perhaps you’ve got your eye on a new investment property or maybe the housing market is now strong enough to make significant capital gains. Whatever your reasons, you are probably going to want to sell your property quickly.
Luckily, there are a few things you can do to help speed up the process and make the sales process as smooth and cost-effective as possible.
1. Best foot forward
When it comes to selling your property quickly, one of the best things you can do to increase your chances of a fast sale is to ensure that it is looking its best. In the housing market, first impressions count. When looking at a new property, potential buyers will make their minds up about whether they like it within the first few minutes of entering the front door.
From fixing unsightly repairs to giving your property a deep clean, there are lots of ways that you can make it more presentable and appealing. Don’t forget to give the outside some attention too by tidying up both the front and back gardens. Not only will making repairs and touch-ups improve the appearance of your property, but it could also increase its market value.
It’s also a good idea to ensure that the house or flat is as decluttered as possible. When looking around a property, prospective buyers want to be able to see the value of the property as a potential investment. This is difficult to do under a mountain of laundry and unsightly clutter. As a landlord, it’s your responsibility to ensure that your property is properly maintained and shown in the best light. It’s worth asking your tenants to tidy up the property before viewings.
2. Be sale ready
To make sure that the sales process runs as smoothly as possible, it’s important to do as much as you can to prepare for a sale beforehand. Talk to your mortgage provider in ample time to establish your mortgage repayment and to understand whether you will need to settle any potential early redemption fees. In addition, preempt what information you may need to supply to your solicitor for a sale. This may include boiler warranties, building regulations certificates, proof of deposit, tenancy agreement, the property’s Energy Performance Certificate (EPC), and any legal documents.
It’s also helpful to let your tenants know in plenty of time that you are planning on selling the property. This doesn’t mean that your tenants have to move out, as, with Vesta, you can sell your property with your tenants included. This means that the current tenants can live there until the end of the existing tenancy agreement, despite the change in ownership. This way, you will continue to receive rental payments until the sale completes.
When a buyer does express an interest in buying your property, to speed things along make sure to start the conveyancing process as soon as possible. This will kickstart the legal transfer of the property, which includes various steps which can often prolong the sale process. By getting on top of this admin early, you can reduce the time that it takes to sell your property in the long run.
3. Be flexible with viewings
When it comes to selling your property, a vital stage of the process is letting prospective buyers come to see it with their own eyes. In order to maximise your chances of attracting a buyer, you and your tenants will need to be as flexible as possible when it comes to viewings. This means fitting as many viewings in as you can, which may require some small personal sacrifices on your side, as well as those of your tenants. However, you should always remain considerate of your tenant’s time and privacy. Keep them informed at every stage. Try to schedule viewings at reasonable times and always give your tenants plenty of notice before each viewing (at least 24 hours).
It’s also worth considering holding an open house event. This is when you allow all the registered buyers who are interested in seeing your property come and have a look round at the same time. This not only lets lots of potential buyers view your property at once, but reduces the overall time commitment from your side, as well as how many times your tenants have to tidy the property before a viewing.
4. Settle a price
Agreeing on the sale price of a property can draw out the process if there are disagreements and negotiations. In order to sell your property quickly, it’s useful to have an accurate valuation beforehand, as this will help you set a more accurate asking price for your property. You can get a valuation from local property experts such as estate agents. You want to market your property at a price that is both appealing to buyers so they will be inclined to make an offer, while also being financially profitable for you. As with property viewings, make sure that you give your tenants plenty of notice before any valuations.
5. Call in the experts
One of the most effective ways to sell your property quickly is to bring in the experts. Listing your property with professional buy-to-let marketplace will showcase your property to the most relevant market i.e. investors looking to buy a tenanted investment property. They will be skilled and proactive in professionally marketing your property and commanding the best asking price. While they are taking care of finding potential buyers, you can focus on getting your property and finances in order.
At Vesta, we know how to sell a property quickly. We can take care of valuations, online listings as well as marketing your property to a variety of investors to maximise the chances of a quick sell at the best price. We also help our customers arrange viewings and offer expert advice that can help you to sell your property. Get in touch today to find out how we can help you secure a speedy sale.