Are you a Desperate Seller or Smart Seller?
Selling property in the UK market has been a major challenge for vendors as there are few buyers around, mortgages tough to get, and property prices on a downward spiral. The result has been that some sellers become desperate, but a few have become smart sellers.
Look at it this way, you are looking for a quick house sale in a property market where prices are falling and buyers are few. Clearly one option is not to sell, stay put, and wait for the market to recover, it might take a few years but the property market will eventually recover. But what if this is not for you, you cannot wait, you have to sell?
When you have to sell your house fast you need to avoid being a desperate seller, someone who will take almost any offer as long as the buyer can close on the deal. What you really need is to get the sale at the very best price.
The real challenge for people is getting the best price. For some this means the “current market price”, but if prices are falling then some will be focusing on “yesterday’s price” as being the “current market price”, this is not smart in a falling market.
The smart seller will price their property just ahead of the curve, effectively pricing their property based on expected prices in 2-3 months time, this way they get a headline price which looks good in today’s market, but a price that will be closed on as prices continue to fall. Are you a desperate seller or a smart seller?