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First Property Selling

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  • First Property Selling

    What should I do(or not do?) It's my first time... Any tips?

  • #2
    Re: First Property Selling

    I think you should have a look at Tips to sell your home in the first instance.

    Another good idea would be to discuss the process with friends and familly who have done this themselves in your area.

    You also need to make sure you market your property at the correct price. Look at Mouseprice or Zoopla for comparisions in your area.
    BRAND NEW HOMES
    Information for UK new home buyers
    New Home Blog The latest news and views

    Comment


    • #3
      Re: First Property Selling

      Or have a look at The Process of Selling a Property, from Conveyancing Solicitors Richard Webster & CO
      RICHARD WEBSTERwww.rwco.co.uk
      As a conveyancing solicitor I want to be helpful (England/Wales only) but can't accept liability for this.

      Comment


      • #4
        Re: First Property Selling

        Originally posted by New Homes Expert View Post
        I think you should have a look at Tips to seel your homein the first instance.

        Another good idea would be to discuss the process with friends and familly who have done this themselves in your area.

        You also need to make sure you market your property at the correct price. Look at Mouseprice or Zoopla for comparisions in your area.
        Just a quick question...how accurate/reliable do people think Mouseprice is? It seems to be way out with reguard to the current value of my own house.

        Cheers

        Kevin

        Comment


        • #5
          Re: First Property Selling

          Hi

          Selling a house can be quite a daunting and overwhelming experience. I would advice you to get in contact with a real estate agent to help you through the process. The real estate agent will be knowledgeable about the industry, current trends and reasonable prices. They might have even previously sold houses in your area. The real estate agent will also be able to arrange viewings and be able to take calls from both potential buyers and people that are not seriously looking to buy, also saving you a lot of time.
          Michelle Alden- Property to Rent

          Comment


          • #6
            Re: First Property Selling

            You should know which estate agents manage to sell well in your area. Most areas will have one dominant agent.

            Mouseprice lists ACTUAL PRICES PAID so accuracy is 100% although there is a two month or so time delay. If prices are moving fast (either up or down) the price listed may well not be very current.

            People should also be aware of how much it can cost to move home. With agent's fees and Stamp Duty this can be quite a financial burdon.
            BRAND NEW HOMES
            Information for UK new home buyers
            New Home Blog The latest news and views

            Comment


            • #7
              Re: First Property Selling

              Originally posted by New Homes Expert View Post
              Mouseprice lists ACTUAL PRICES PAID so accuracy is 100% although there is a two month or so time delay. If prices are moving fast (either up or down) the price listed may well not be very current.
              The Transaction History may be 100% accurate, but I was referring to the Valuation Estimate and the Value Range

              And I know it says 'Estimate' but like I pointed out in my above post, what it states for my house is a good 10K out.

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              • #8
                Re: First Property Selling

                It is a starting point though.
                Most people have an idea what they want for their home.
                BRAND NEW HOMES
                Information for UK new home buyers
                New Home Blog The latest news and views

                Comment


                • #9
                  Re: First Property Selling

                  Quote:
                  Originally Posted by New Homes Expert
                  Mouseprice lists ACTUAL PRICES PAID so accuracy is 100% although there is a two month or so time delay. If prices are moving fast (either up or down) the price listed may well not be very current.
                  The Transaction History may be 100% accurate, but I was referring to the Valuation Estimate and the Value Range

                  And I know it says 'Estimate' but like I pointed out in my above post, what it states for my house is a good 10K out.
                  They can only apply national or regional house price change indices to previous sale princes and there will be questions about the reliability of any comparables that have been used (if used at all).
                  RICHARD WEBSTERwww.rwco.co.uk
                  As a conveyancing solicitor I want to be helpful (England/Wales only) but can't accept liability for this.

                  Comment


                  • #10
                    Re: First Property Selling

                    To kevins post, mouse price
                    paid sales listed with land registry are ok, but there valuations are well off.
                    The last house i sold was valued with a local estate agent at £550,000, Mouse price valuation £ 325,000 i felt sick, i went with the estate agents value after all they know the area better than a website's auto valuation.
                    www.tradesmanschoice.co.uk

                    Comment


                    • #11
                      Re: First Property Selling

                      Zoopla describes my property as a flat and has valued it accordingly. It must be the only two-storey flat occupying its own freehold land (no other residence above or below) in the world. As others have said, these are very rough guides based on a mathematical formula that takes no account of factors such as local supply and demand. Or, in my case, the actual type of property.

                      I would suggest "interviewing" at least three estate agents, not just to help you establish what would be a reasonable valuation for your house, but to allow you to ask pertinent questions such as how strong is the local market, how many sales did they complete last month, where do they advertise, how often will they provide you with feedback (even when there appears to be no interest or no viewings booked - they can, for example, determine how many 'hits' there have been on your property's details on your website) and what kind of marketing techniques they have used successfully for others if interest appears to be weak or is flagging. You will also want assurance from them that they will only arrange viewings for people who at least have their own houses on the market and have the financial wherewithal. Otherwise you will spend much fruitless time tidying up for what is known as "carpet treaders" - people who like to while away a pleasant Saturday or Sunday afternoon amusing themselves by looking around other people's houses.

                      You will be paying the estate agent a great deal of money if they sell the house for you so you should feel confident about asking lots of questions until you feel able to decide which one should be given the job.

                      By the way, I am not an estate agent....just someone who has been through the selling process a time or two. Good luck!

                      Comment


                      • #12
                        Re: First Property Selling

                        My advice would be: to have your property valued by an actual surveyor, they are h only people professionally who can give you an accurate valuation.

                        I would also sell your property yourself through an online estate agent, there are many of us around.

                        Antony

                        city-suburbia co uk

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