How To Get The Best, Full Asking Price, For Your Property

February 25, 2023

When you initially post your home on the market, it is crucial to set a reasonable asking price.

Naturally, you want to sell your house for the highest possible sum. To do this, you must:

  1. To get a sense of comparable homes’ conditions and pluses and minuses in asking prices, visit the property sites and do a search. When determining your asking price, bear in mind that property asking prices are sometimes up to 5% more than the final sold price.
  2. Obtain the advice of a trustworthy specialist. A surveyor who regularly values properties as part of their business has the expertise and understanding to handle this, and their recommendations will be completely objective. Keep in mind that for a few hundred pounds in a valuation charge, you can discover that your house is worth thousands more than the asking price; in that case, the money was well spent. An estimate from a surveyor is available here.
  3. Determine the timeline for your sale. If you have discovered a home that matches your needs, you may want to consider setting the selling price a little lower than those of nearby homes. If there are several comparable homes available, yours will need to be priced competitively or in great shape to stand out from the competition.
  4. Making your house stand out from the competition will be your finest alternative if you do not have to sell. What, then, maybe the nicest feature of your property: Good parking, a brand-new kitchen, a rear addition, and a garden that faces south? The best feature should always be highlighted first.
  5. Make sure you choose a real estate agent that has a track record of experience selling houses similar to yours in the region.

Getting ready to sell your property

  • To achieve the greatest price, present your house in the best possible way.
  • Maintain a clean environment while your home is on the market and think about putting items in storage to give it a less congested appearance.
  • Complete all of the little maintenance tasks you have been putting off until tomorrow.
  • Set up a weekend if you have any rooms that need to be decorated since it will be beneficial in the long term.
  • To make a wonderful first impression on visitors, make sure your yard and outside spaces are in the finest possible condition.

Manage your real estate agent

  • You cannot simply let your estate agent handle it if you want to achieve the greatest price for your house (you can use though)
  • Before agreeing, thoroughly review the property facts to make sure your property is accurately detailed and has all the greatest qualities.
  • Examine every picture and, if at all possible, ensure that none of them include any automobiles, wheelie bins, or trash.
  • To make sure your home is shown as well as possible, if you are unhappy with the quality of the photos, ask your estate agent to take new ones.
  • Inquire with your estate agent about what steps they are doing to address this if, after one week of listing your home, you have not had any viewings.
  • Establish a communication plan with your estate agent to ensure that you are kept up to date on the status of the sale of your house.
  • Make sure your estate agent gives thorough feedback on any viewings so you may address if at all feasible, any objections or faults raised by visitors.

Managing viewings

  • Make sure your home is completely ready for every show, clean, and tidy, and that it is not crowded with family or friends when the viewing occurs since this might lead to bad impressions.
  • Try to schedule all of your viewings over the weekend to give potential buyers the idea that there is fierce competition for your house.
  • Any offers should come through on a Monday if you were able to schedule all of your viewings over the weekend. This might lead to more competitiveness among the bids you get.

Managing Offers

  • The first bids you get will often be for less than your asking price, but do not immediately turn them down.
  • Discover their reasoning for their reduced offer and make an effort to negotiate with your estate to raise it to the asking amount.
  • You may take advantage of the competitive environment if you are receiving many bids by engaging in a bidding war with one of them.

Conclusion

Utilizing our advice will increase your chances of getting the full asking price for your house. If you ultimately decide to agree to sell your house for less than the asking amount, you will know that you have done all possible to get the greatest possible price for it.

Keep in mind that purchasing and selling both have the potential to make or lose money. To obtain the greatest value on your new house, conduct a comprehensive survey to uncover any potential flaws and then use them to negotiate a discount. Click here to get a free surveyor quotation.

If you’re looking to sell or let your home with a Lee On The Solent Estate Agent, Stubbington Estate Agent, Gosport Estate Agent, Fareham Estate Agent, Portsmouth Estate Agent then please do not hesitate to email: info@gshomes.co.uk or call on 023 93 960 169.

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