Posted on 20th June 2016 by Jordan Holmes
There are many reasons why you may want a quick sale on your property, whether it be disposal of an inherited property, sale due to divorce or relationship breakdown, a need to relocate or financial issues, auction is a fantastic way to sell fast and still achieve the best possible price on your property. Auction also carries other benefits to help make your life easier and encourage a smooth sale, including increased security of sale, the ability to set an undisclosed reserve price, increased interest and viewings and a fixed sale and move date.
In this article we will look at ways in which you can prepare your property and yourself for auction, in order to achieve a quick and hassle free sale.
Potential buyers will not be impressed with a messy, cluttered house. You may also want to consider de-personalising your house at this point by removing items such as family photos and unconventional or quirky collectables, art or decoration. By neutralising the property you will help potential buyers to envisage themselves living in the home.
Picking the right starting and reserve price is one of the most important factors to consider when selling your house via auction. If you set your starting and reserve price too low you may not receive the best possible price for your property. However, if you set them too high you may deter potential bidders and struggle to sell. Remember, if enough interest is generated in your property, bids can far exceed your starting/reserve price.
First impressions are everything therefore making sure that your property looks appealing from the outside is essential. Not only is it the first thing viewers and potential bidders will see but it is also the primary image that will be used to advertise the property online or in brochures. This means carrying out that repair on your broken fence you have been putting off for ages or finally getting rid of the dead flowers in your hanging baskets. Even simple things like keeping your yard tidy or keeping grass cut to a reasonable length will help increase your properties appeal.
Making some small upgrades can also increase your property’s appeal and encourage a fast sale. Now, we are not suggesting you totally remodel your kitchen or build an extension, but bear in mind that some aspects of your property may be outdated. Some areas to consider upgrading are lighting, door handles, basins and taps.
Choosing the right time to sell your property is very important if you are looking for a quick sale. Studies show that the most property sales take place in the period March and June. Therefore having your property ready for sale at this time will increase your chances for a quick sale as more people are looking to buy.
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