What’s the right price for your home?
Property values are determined by lots of different factors – primarily the area you live in, the size of your home, its condition and its aesthetic appeal. But it’s also wise to consider convenience, complexity and how quickly you want to sell your house.
If your house has been on the market for a long time, or you’re considering selling it but aren’t confident about its attractiveness to buyers, you have to think very carefully about the price you can expect for it.
You could set an ambitious price and hope for the best, but this can alienate buyers and mean that you waste months (or even years) of your life stuck in a property that you want to move on from.
Many people discover houses via Rightmove , Zoopla or a similar property website, all of which filter users’ search results by factors including price. If your property is above the budget range that someone is considering, even by just a thousand pounds (i.e. £151,000 instead of £150,000), it might not appear in their results – meaning they won’t even discover that it exists.
If you’re happy to accept a lower but reasonable price, there are other routes you can consider for your home, including a property auction or a professional property buying company like National Homebuyers. These avoid the problem of appealing to personal tastes, meaning you can sell more quickly. If your mortgage repayments and other costs are high, you could save money in the long run by selling up quickly and investing the cash in a more affordable situation.