Tuesday, August 26, 2008

How to get the best price for your property

As the housing market cools, it's natural to assume that adjusting your price expectations is the only way to sell your property. Despite growing numbers of properties languishing on some Estate Agents books, there are still encouraging signs that sellers can achieve prices comparable with the boom.

So how is it done?

Here are some considerations for selling in a tougher market:

1. You do need to get your pricing right. No, we're not advocating that you sell below market price. But half the battle in today's market is attracting interested buyers.

Work with your Estate Agent to assess local market conditions and ensure your price is going to attract interest and encourage buyers to compete.

2. Take a long hard look at the condition of your property. If the front door needs a lick of paint, or the garden needs tidying up to improve your 'curb appeal' take action now.

3. Sometimes completing those DIY jobs may not be a good idea. In a tough housing market, buyers are attracted to properties where they can see a return on their investment. If your home has the potential for a loft conversion or extension, consider getting planning permission to make it more saleable.

4. Make your property sparkle. Freshen the carpets, polish the floors, replace broken and damaged floor tiles and don't underestimate the value of a fresh coat of white paint!

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