Accurate Valuations Are Essential For Vendors

You don't need us to tell you selling your home is a challenging process. We are pleased to say we have helped many vendors sell their home, but it vital that you prepare for some difficult days. It is also essential you take the necessary steps to present your home most effectively and appropriately.

Our experience will assist you in this manner. We are pleased to say we have helped many homeowners sell their house, and we believe accurate valuations are required. It is understandable that price is essential in the property market, but you need to make informed and justified decisions.

A study which reviewed property transactions in the first half of 2018 suggests that 70% of sales occurred when the asking price was met or exceeded. The study carried out by Andrews, polled over 50 estate agents to determine their view on house values and prices. It should make sense why a justified figure is used as the starting point for selling a home.

You need to set your price right to attract attention

If the initial asking price of the house is too low, it will generate a lot of interest, but the vendor will lose money. If the initial asking price is too high, it will deter buyers. Even if the price is then subsequently lowered, many buyers will be suspicious of this decrease in amount. The tactic of pricing a house at an expensive level and then dropping the price if there is a lack of interest is not as effective as it previously was.

David Westergate is a Chief Executive of the firm who carried out the study, and he said; "Reports which focus on vendors reducing the asking price of their property are, more often than not, tales of an inaccurate valuation in the first place. A well-priced property will sell fastest. We've seen in the first six months of this year that properties which sold either at or above, the asking price spent just 49 days on the market which compares favourably with the industry average of 96 days."

Prospective buyers set lower and upper limits when searching

Bear in mind that price is an integral search component. When buyers use online property portals, they set a minimum and maximum rate they are willing to pay for a home. If your listed price doesn't fall inside these parameters, prospective buyers will not see your house. Therefore, placing an incorrect price can limit the number of people who see your home, and this can hamper your ability to sell your house. You need to place your home in front of as many of the right people as possible to enhance your chances of selling your house.

At Innovate, we believe placing an accurate value on your home is essential. We can help you with this aspect, and all aspects of selling your home. We know many buyers have concerns or feel under pressure in selling their home, but our experienced team is on hand to make the process simpler. Get in touch for dependable support and assistance in this area.

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