If you are looking to move home, but finding it difficult to sell your house, then take a look at this infographic. There are lots of reasons why your house might not be selling, and we have highlighted some of the most common issues for you.
In a press release from the Royal Institution of Chartered Surveyors dated the 9th day of July 2013, it was reported that 38% of surveyors have reported a rise in new buyer enquiries in June 2013.
So the house market is moving again, people are putting their hands in their pockets and spending some of their hard earned cash on their first home, their new family home, or that bachelor pad. So why is your home not selling? We published this infographic to help you find out why:
The Price is Right?
No, we’re not talking about the much loved game show on every Saturday Evening, spinning that Big Wheel and guessing the price of extravagant items. No. Is your house on the market for the right price?
Estate agents will advise what would be constituted as a reasonable price in their professional opinion, but if your house has been sitting on the market, not moving, then it begs the question why?
Are there any home improvements that need doing? A new bathroom or kitchen? Does the price of your home reflect the work that needs to be undertaken? Would it be worth doing the improvements yourself so that you don’t need to lower the price to reflect the work that is required? You may love that avocado coloured bathroom suite but chances are potential buyers won’t and the last thing they want when they move in is to have to rip it out.
Have you looked at the prices of all the other properties in the local area, with similar amenities to yours? The price needs to be right.
Is your estate agent right for you?
Getting down to the high street once a week would be a good idea; check out which estate agents are getting in new properties like yours, then on a weekly basis note which are selling. If Mr Smiths Estate Agents has sold 6 in the last month, but your Quick Sale Estate Agents have only sold one, then you may think about changing estate agents!
Pets at Home
According to statistics released by the Pet Food Manufactures’ Association, in 2012 it was estimated that 48% of UK households had at least one pet.
If you are an animal lover, and have a pooch on the couch, a cat on the mat and a mouse in the house, you may be putting off potential buyers.
Whilst here at MG Legal Solutions we personally love pets, and go as far as to have our office mascots, Derek and Dora, the house rabbits, we understand that many of our clients don’t share our passion for our furry friends, whether due to allergies or a personal dislike; who are we to judge.
You’re not trying to sell your pet; you are trying to sell your house. Even pet lovers don’t want to walk into a house that smells of dog, or be confronted by a litter tray of poop. Think about paw-ning (excuse the pun) your pets off to a friend whilst you have viewings. And remember… Febreze is your friend!
Clutter be gone
As a child I’d spend hours looking at each ornate ornament in my Grandmother’s china cabinets, on her dressers, on her mantel piece, the picture frames covering every centimeter of chatty wallpaper. The whole house flowed from one display of stuff, on top of stuff, with do definition to any room.
When you’re showing people round your house the last thing you want them to remember is your ‘stuff’, it's the house you’re selling.
Now, by no means am I telling you to throw all of your valued possessions out on bin day, but why not start packing early? You can hire out small storage units from £10 a week; or if you know of friends and family with a spare room, or ample sized dry, secure basement, why not see if you can call on them to hold some items for you until you move.
People buy People
You know every nook and every cranny of your house, you know its quirky characteristics that make it the perfect home. If you’re showing someone around you want them to want your life. Smile, welcome them in, show them its best points. Don’t point out the things that have been niggling at you, like the squeaky hinge and the garden gate; you’re describing its assets, not its downfalls.
If they ask the question “so, why are you selling it?” be careful what you say. If it’s small, and you are wanting to expand for a family it may not be best to mention this as it will then linger in the back of your buyers minds that ‘it’s small’. Saying that you want to live closer to family, or friends, is always a good answer, you may even add that you are looking at a property very similar to your current one, this will affirm that the property is great and the only reason you are moving is because of family ties that are unique to you.
Be immaculately presented, like your home. Be personable. Be exceptional. So even if your house is run-of-the-mill they will remember you.