Property Valuation: How to Price your House to Sell Fast

It is important to prepare yourself adequately before you set out to sell your house. One of the ways to prepare is through conducting property valuation. This helps you understand how much your property is worth hence be able to set a realistic asking and selling price.

propertyprices_406The first place to begin is by talking to an estate agent that is knowledgeable about the industry and the price of property within you locality to guide you. You can engage at least three estate agents and ask them for three independent property valuations from which you can draw a comparison before making a conclusion on the price of your property.

The challenge with this is ensuring that the agent is working in your interest. This calls for you to do an independent research. This way you will ensure that you do not settle for an estate agent that is keener on winning business at the expense of your needs.

You can look up the prices of properties that sold recently on property portals such as Zoopla and Rightmove. Apart from the property valuation report, here are some of the other factors that you need to take into account:

  • Duration of sale – You need to think about how much your property is really worth as well as how long you are willing to realistically prepared to wait for the completion of a sale.
  • Identify those features that you think will attract buyers to your property. This may be anything from the distance to schools or shops or even transportation links.
  • Age of the property – For a property that is old, you need to consider the cost of maintenance that will be required over time in comparison to a new building. If is it a flat as opposed to a house, you also need to consider any additional annual costs that the potential buyer may include like service charges and ground rent among others.

Generally, it is important to have a clear idea of what you want. Only then can you start instructing viewings while you wait for offers to come. Remember, the process does not stop at finding the right buyer. Rather, you will need to appoint a good solicitor to do conveyancing and get the transaction moving to a quick house sale.

At this point, you will do well to check up information on how to speed up the conveyancing process. Keep in mind that navigating the property market can be grueling, stressful and unpredictable. Therefore, you will benefit from preparing adequately and getting appropriate advice.

If you are in a situation that dictates you opt for a quick house sale, you will also do well to check the background of the company as well as its sale history before signing the agreement. Remember, that some of the quick house sale companies employ unscrupulous tricks to your disadvantage. Therefore, be sure to read the agreement and understand every detail before accepting the offer and selling the property.