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How to get the best price when selling your home

By LLM Reporters on 25th May 2016

Anyone selling their home will want to get the best possible price so that they don’t lose out and can comfortably afford their new property. There are a number of mistakes people make when putting their house on the market, that often lead to them receiving small bids or settling for a lower price than they’d hoped.

If you’re looking to put your home up for sale with the likes of Ask Susan in the near future then there are a number of things that can be done to ensure you get the best possible price. Whether it’s a six-bedroom detached house or a luxury penthouse apartment, each of the following steps will have a positive impact.

Set a realistic asking price

Use one of the many free online home valuation tools to get a good idea of how much your home is worth. This gives you a good base to work with, though it can also be worth asking for a few quotes from estate agents to see how accurate the asking amount is. From this choose your asking price. Avoid making it too high, which will put off some buyers, but also too low will mean you don’t get the best price.

Boost your home’s appeal

An incredibly easy and cost-effective way to improve your chances of receiving a good price, close to the asking one, is to spruce it up. Tidy your garden and give the place a good clean, especially before taking photographs for advertising it to potential buyers. An untidy house is a big turn-off for many buyers, so cleaning it and creating plenty of space is advised before a viewing. Clutter and mess can be a distraction for those looking round, while appliances, fixtures and fittings that don’t work properly can be a turn off. The aim here is to attract potential buyers and therefore knowing what is a home warranty and what it covers can help you sell your property faster.

Reduce the chain

When selling a property you can get caught up in a long chain with estate agents, the buyer, the buyer’s mortgage lenders and more. As well as being time consuming, it can also see more transactions fall through and result in the seller settling for a lower price. Where possible, try to avoid being caught up in as many selling chains.

Be flexible

There always has to be some element of flexibility when selling a property. Sometimes this can involve renting out for a short time before the sale or accepting a compromise on price. If you can’t find a buyer at the right price then consider changing estate agents or making home improvements to increase the price. Be patient as it may take time, rather than instantly settling for less.