Before you make any further steps on the property ladder, you will first need to think about the process of selling your existing property on the open market, if that is your plan.
Once you have gone through this process and have sold your home, you’ll be able to use the funds from that to put down a deposit on your new home purchase. You are also able to top this up with savings or a gifted deposit.
There is always that ‘magic number’, a minimum asking price that the seller is willing to go for, when someone makes an offer to them.
From the point of view of both the buyer and seller, a big part of negotiations will be how the property is marketed and showcased. Here are some recommendations on ways you can look to sell your home quickly.
When you decide on what your asking price will be, you need to make sure that it is reasonable, based on other properties like yours in that area. Speaking to an estate agent will give you a good idea of the highest value a property like yours could sell for, though this doesn’t mean it will sell for that.
As soon as your property listing goes live on the open market, your goal is to attract as many potential buyers as you can, likely as quick as you can. If not many people are interested, it may be that your asking price is too high for people.
Quick sales are needed if you’ve already found a property yourself, that you perhaps want to purchase and call home, but are waiting on your current property to sell before you can make an offer. This is why asking for a ‘fair’ price is a great way to start your journey of moving home in Birmingham.
As an open and honest mortgage broker in Birmingham, we have been working in the mortgage industry for over 20 years, we often find that the outside of a property is one of the most important parts of selling a property. It’s the viewers first impression, and first impressions do count.
It’s can be as simple as jet-washing a driveway or cutting your front lawn. It will show that you really care about your home and want people to see it in the best light from the get go. It may also get them excited to see the inside, if the outside looks that good!
You never get a second chance to make that first impression, so you should make sure the outside looks as spotless and clean as you can, to give them a good sign of things to come.
You will also want to be making sure that the inside matches the expectations made from the outside too. This means tidying up and making it so that the inside feels comfortable, warm and welcome to the viewer. You’ll want to remove any clutter from the hallway and from outside the front door.
When the viewer walks in, you want their perception to be that you have really looked after the place. Buying a new doormat, replacing any broken doorbells, all of the little things. This will all work in your favour and give a good vibe to the viewer.
Go around your house, room by room and pay extra attention to your kitchen and bathroom, as these are some of the most important parts of a house. Cupboards and wardrobes should have everything inside neatly stacked and free of clutter.
If you are a smoker, sometimes you can become accustomed to lingering smells, so it would be worth going around to open all the windows, just to make sure the house is nice and aired out before a potential buyer shows up.
Make sure that you keep every room nice and well-lit, make sure to open all curtains and blinds in darker rooms. Your home should feel nice and warm but not too hot. All light bulbs should be tested before viewings start, to make sure they all work properly.
You want potential buyers to feel as relaxed as they possibly can. Sometimes leaving out any family pictures or paintings you have as decorations in the house, can showcase the warmth of family, allowing them to see future potential.
You should also let them venture out and have a look by themselves, don’t be crowding them too much, as they will likely want the space, especially if they are a couple, to discuss it all amongst themselves.
Once again, it is important to ensure that the kitchen and bathroom are completely spotless. If you don’t use something daily, you should put it away, so that the rooms don’t look cluttered. Make sure towels are neatly stacked away, not on hooks or on the floor.
Double-check everything too, your whole house needs to be cleaned from top to bottom. Make sure clothes are not lying around and the bedrooms are dust-free.
Even cleaning the floors and windows. All repairs should be up to date too, with clean bedding on the beds, all these little things can make a huge impact in the long run.
Some people don’t realise that sometimes having empty space is a good thing! This is because it allows your potential buyer to personalise their possible future home. For example, an empty wall in a bedroom could allow them to visualise what they plan to do with it.
Make sure everything is tidied away and anything that isn’t needed, is thrown away. This can save you a job for when you move!
Having a garden can be the deciding factor for many property viewers. You need to make sure that there is no rubbish left outside, that it’s all clean and presentable.
Quite often, people will love to see colourful gardens, so even planting some new flowers could do the trick. Anything to liven up your garden could really help you out. Removing weeds and dead flowers, cutting the grass, removing grass clippings also help.
First impressions always count, remember to be welcoming, honest and most importantly, be yourself. A single view is just one set of potential buyers at the end of the day, you will no doubt have plenty more if an offer isn’t made first time.
Sometimes creating a balanced view on every problem that you have encountered with the house can help, for example, if you had a problem with a leak, say how you easily fixed it and that it’s very unlikely to happen in the future again.
Estate agents will want to earn their commission by talking to the property viewers as much as possible, however, you need to remember that no one knows as much about the house as you do, so don’t be afraid to jump in and tell them more.
Remember if you are selling to a first time buyer in Birmingham and have a family, it helps to mention how happy of a home it has been for you, as this is sure to rub off on the viewers if they are thinking of raising a family also.
Date Last Edited - 18/01/2023