Home values fell back 13.6% year on year to March, but the good news is that the decline has
definitely started to slow down considerably, and the Royal Institute of Chartered Surveyors, and
many Estate Agents report a large surge in New Enquiries from would be purchasers.
According to the Department of Communities and Local Government; the drop in the average price of a
UK Home between February and March was just 1.3% which is less than half the 2.7% drop of the
previous month. This means the average price of a Home on the UK market was £187,193 in March.
So, what can you do in order to get a
Quick House Sale in the present downturn?
One thing you can consider is improving the condition and layout of your Home. Conservatories, Loft
conversions, room extensions, Well Designed Kitchens and High Quality Bathrooms are the home
improvement moves that generally add the most value to properties, and because of the downturn, lots
of suppliers & installers will be more than willing to give you a great price for the job. As an
example, opening up and renovating your roof space may add around £13,500 to the value of the
average UK Home. Enlarging the critical rooms of a Home can add a similar amount to its value.
However, you should bear in mind that, especially in the present downturn, valuers are taking an
extremely conservative view as to the value of all home improvements. Therefore you should be
extremely careful before committing resources to projects like this. At the moment, home
improvements are more likely to achieve a faster sale, rather than significantly increasing the
value of your Home.
Another way to
Sell Property
Fast is to be flexible about your price. It can pay you very well to concede a sizeable discount
on the Home you’re selling in order to finalise the sale speedily. Bear in mind, once you have
the money in the bank, you have all the negotiating power of a cash Home purchaser, and if you
happen to be trading up in the market, you’ll be in a position to close the gap (in cash
terms) between want you get for your old Home, and what you pay for the new one.
Occasionally, it can even be worthwhile calling in one of those specialist “
Sell House Fast” Companies. These specialize
in rapidly negotiating & completing a deal with you in return for a typically 20% discount.
That’s the power of the cash buyer, and once you’ve become a cash buyer, you’ll
wield the same power in negotiating to buy your next Home.