How to sell your house

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Selling a house can be one of life’s stressful events, especially if you are also buying a house and you want to sell your property fast. This guide will aim to simplify the process step by step. However, more in-depth walkthrough can be found within our guide on how to sell a house online.

1. Preparing your property

First impressions count for everything when it comes selling a property, so it is vital that your house looks at its best for potential buyers. You will need to maintain the condition from the moment you get valuations until an offer has been accepted.

The external view is the is the first impression to ensure that the gardens are tidy, window frames and doors have a fresh lick of paint and rubbish and rubbish bins are out of site.

Inside the property, create more space by moving some furniture into storage, remove clutter and non-essential items. Make any minor repairs that are necessary and clean thoroughly from top to bottom. Include eradicating unpleasant smells and even decorate rooms if necessary.

2. What Price to Ask?

When valuing a property there are three things to bear in mind:

  • The property valuation is simply an estimation of what somebody else might pay for it.
  • This does not necessarily bear any relation to how much you paid for it, how much money you’ve spent on it since, and how much you need out of the sale.
  • Getting the price wrong can damage your chances of a sale.

The most common method of property valuation is by using comparables; you should be able to gain a rough idea by looking a local papers, property websites and similar properties in the area. Also it is normal practice for a potential buyer to offer a lower price than the asking price, so you will need to allow for an element of negotiating.

However, don’t get greedy, if you price yourself out of the market you will not receive any interest!

3. Marketing

Have a think about how you wish to market your property. Nowadays there are three options available:

  • Sell it yourself
  • Online Estate Agent – from £299+VAT
  • Traditional Estate Agent – 1.5% – 2% of the asking price.

The main thing to consider is that more than 90% of house hunters search online. You need to ensure that you are listed on the top property websites in the UK. The most economical way to do this is by using an online estate agent.

4. Energy Performance Certificate

EPCs are required by law; you won’t be able to market or sell you property without one. The Energy Performance Certificate consists of two multi-coloured graphs:

  • The energy efficiency rating is a measure of the overall efficiency of a home. The higher the rating, the more energy efficient the home is and the lower the fuel bills will be.
  • The environmental impact rating is a measure of a home’s impact on the environment in terms of carbon dioxide (CO2) emissions. The higher the rating, the less impact it has on the environment.

5. Property Viewings

The best person to sell your house is the one that knows it the best – you! Be obliging and flexible when it comes to meeting your buyers. Don’t turn down a great opportunity.

During the viewing remember that the viewer could be the person that buys your house. Try and create a good working relationship from the outset. Offer them a drink but don’t be over-friendly, you don’t want the visitor to think that you are desperate to sell the house.

Make sure that you have as much information to hand as possible.

6. Negotiating

Your own circumstances will play a major role in the negotiation process for the sale of your property. There are several things to consider:

  • How much pressure are you under to sell
  • How much demand do you have for your property

Your estate agent will be acting on your behalf to achieve the highest price for your property. Ensure you discuss and create a strategy for dealing with offers.

7. Legal Process

Once you have accepted an offer you will need to ensure that your finance is arranged for your onward purchase and instruct a solicitor to start the legal process.

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How to sell your property online

How to ensure that your property sells online.

Nowadays, almost anyone that is looking to buy a property will firstly browse the internet. It is therefore vitally important that your estate agent will advertise your home on as many of the major property websites as possible.

Once listed the secret is ensure that your property stands out from the crowd, and potential viewers actually click on your listing to find out more information. Once there, if they like what they see, and the description matches your criteria then you have a better chance of gaining a viewing.

So how can you ensure that your property is clicked on rather than somebody elses?

Price

You need to ensure that the price is achievable. There is no point trying to ask for too much money, you simply won’t generate any viewings. Ask your agent to provide you with a “Best Price Guide” so you can gauge whether your asking price is competitive. If it isn’t then potential buyers will simply bypass your listing for one that is.

Presentation

Your property needs to be presented in the best possible light and this needs to be communicated with photographs to potential purchasers. Ensure that before your estate agent visits that your home is immaculately clean and tidy, not only inside but also externally. You are planning to move house anyway, so ensure that all clutter and oversized furniture are removed. Its all about first impressions, if the photographs look appealing the click-through rate will increase.

Property Listing

Ensure that your property is listed on the top property websites, if it isn’t you will be missing out on potential hits. The cheapest way to do this will be to employ an online estate agent.

Summary

Get your price right, get the presentation right, list your property where it will gain the most exposure.

Facebook – Spread the Word

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Spread the word and earn £50 in the process!

£50 note

We don’t waste money on expensive PR companies and newspaper adverts that nobody can be bothered to read. We haven’t got expensive high street offices and a flashy fleets of cars. We know where you go to buy houses……. on the internet!

As a result of this we are able to offer the best value for money Estate Agency service in the UK!

In fact we will sell your house for just £299+VAT. Try and get your property listed on Rightmove any cheaper!!! (Firstly we don’t think you will, and secondly if you do we’ll match it!)

Over 93% of all properties are purchased via property websites so that’s where we concentrate out time and efforts. If you want to buy a house you will simply visit Rightmove, Primelocation, Findaproperty, or Zoopla and that where you will find all of our properties advertised.

We would like to pay you £50

£50! I hear you say! What do I need to do?

Well all you need to do is to become a fan of turtlehomes.co.uk on facebook by clicking the link and selecting “like”.

Become a fan on facebook

Once you’ve done this, we would like you to suggest to all your friends that they should also “like” turtlehomes.co.uk. You can do this by clicking “suggest to friends”.

facebook - suggest to friends

If any of your recommended friends sell their property with the UKs cheapest online estate agent then we will pay you £50.

Everyone’s a winner!

You can also be rest assured that anyone that sells their home with turtlehomes.co.uk will save “on average” over £4000 in estate agency fees.

Help us to beat extortionate estate agency fees by spreading the word!

(Please note that we will only pay one £50 referral fee per property instructed. In the event of a vendor having more than one friend that is a fan of turtlehomes.co.uk, the first person to have referred that vendor will earn the money.)

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Lenders ease mortgage rationing

Lenders have been making it slightly easier for borrowers to take out a mortgage, according to the financial information service Moneyfacts.

The number of mortgages requiring a minimum 15% deposit has risen from 189 in the past month to 226, the highest number for more than a year.

At the same time the number of mortgages requiring a 20% down-payment has fallen, from 136 to 117.

However 66% of mortgages still need at least a 25% deposit.

Darren Cook of Moneyfacts said the easing of mortgage rationing was particularly good news for first-time buyers.

“It is encouraging to see that maximum 85% loan to value, or 15% deposit, requirements have increased in numbers this month,” said Darren Cook of Moneyfacts.

“[This] might be an indication that some mortgage providers have kept an eye on the housing prices, regained some confidence and realigned their outlook towards risk,” he added.

Ray Boulger at mortgage brokers John Charcol said the change was a reflection of increased competition between lenders.

“Northern Rock has come back into the market in the past three weeks with some increasingly aggressive pricing,” he said.

“They have increased the competition for lower loan-to-value (LTV) deals, so other lenders have been pushed towards lending more at higher LTVs,” he added.

The average first-time buyer still needs to put down a 25% deposit according to recent figures from the Council of Mortgage lenders.

But with house prices rising in the past few months, lenders have lost some of their fear of losing ever larger sums of their money if their borrowers default.

Find Property Online with online estate agents turtlehomes.co.uk