publication date: Oct 10, 2011
author/source: Kate Faulkner, Property Expert and Author of Which? Property Books
To Sell a House in the UK
How do You Sell Your House?
To sell a house in the UK is described as one of the most stressful events next to divorce and death. Sadly, many people who are selling a home also have to deal with personal stresses such as these or are trying to sell at the same time they buy. Selling a house in the UK needn't be difficult though, you just have to make sure you prepare and plan your sale.
The first thing to do when selling a house in the UK is to check out for yourself how much similar properties to yours are selling for. To do this you need to go online and find which properties on your road or with a half to a three mile radius and find out what has sold recently. You can also go to property sites such as Rightmove and search for a home similar to yours within your postcode area (or the half to three mile search) and tick the box which will say something like ‘include sold or properties under offer'. This will show you what other houses are selling in your area so you can contact the agent and ask ‘how close to the asking price' the deal was done for (remember they can't legally tell you how much the vendor accepted for the property).
Searching on property sites for ones which have ‘sold, subject to contract' will also help you with your next task - to find the right agents to value your home. Knowing what similar properties to yours are selling for in the UK isn't enough to value your home. Prices can change within a month or two and sold property prices are typically three months or more ‘old' by the time they reach the internet, so you need an agent that understands the current market to really secure a guide on the minimum and maximum price your property is worth. Call in three or more agents who have sold properties similar to yours recently, and ask them for a guideline range of prices.
To help know which agents have really done their research, ask them for a marketing price, a six week sales price and a two week sales price. This will give you a minimum price to accept and a maximum price which if all goes well, you may expect. If you want to sell your house in the UK successfully, plan your move based on the lower price, if you get the higher one, then you can treat the extra cash as a bonus!
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