Any homeowner who puts their property up for sale is naturally going to want to get the best possible price. Selling your home is all about maximising on your investment and getting the best deal you can. Whether you are selling a studio flat in the city or a large house in the countryside, there are a few things you can do to encourage the very best price.
We all know that renovating, extending or fitting a new kitchen can add value to your home, but there are also a few smaller and easier improvements you can make that will add some pounds to your asking price. As well as improvements to the property itself, there are some tactical selling tips and tricks you can use to encourage the best price.
Read on for our specialist guide and expert tips on how to sell your house for the very best price.
Get Your House Ready For Sale
Before you even list your house as for sale, you should ensure that everything is ready for potential buyers to look around:
- Declutter: Start by removing any clutter from around your home. Buyers want to envisage their own belongings in the property, and this is much easier to do when the space is clear and clutter-free. If you have rooms with bulky furniture, consider moving it into storage to help make your spaces look larger and more appealing.
- Deep clean: Potential buyers want to know their new home is going to be sparkling clean when they arrive. Make your property truly shine on the market by giving every room a deep clean before listing it for sale. Get carpets cleaned and pay particular attention to the bathroom and kitchen where grime can easily build up.
- DIY: Every home has a few DIY jobs that have been left for a little too long. Get these out the way when you list your home for sale and make it clear to buyers that everything is in good working order. This might be little jobs such as replacing broken door handles or filling a hole in the wall, but they make a big difference.
- Paint: Giving your home a fresh coat of paint can have a big impact. It will create a good first impression on potential buyers. Choose neutral and light colours that are not too overbearing as the key is to choose a look that will appear to everyone.
Try to depersonalise your home as much as you can so that potential buyers can picture themselves living there. This can also help you to take a step back and view the property from a buyer’s perspective instead of you.
Know Your Home’s Worth
In order for you to get the very best price for your house, you first need to know how much your house it is realistically worth. If you don’t have an accurate valuation of your property, then when you do receive offers, you won’t know if they are fair or if you can push for a higher price.
Get at least three local estate agents to value your home and then compare their figures. If they all provide a similar amount, then that is probably a realistic sale price for you to consider. It can also be worth paying for a chartered surveyor to properly value your home, especially if your estate agents have given fairly different valuations.
It is important that you set the right asking price when listing your house for sale. Listing too high will deter potential buyers and listing too low could you leave you with less than you could have got. Keep an eye on similar properties in the area to see how much they are selling for to get a good idea of the market.
Ask For Sealed Bids
If you have got some serious interest in your property and want to make sure you’re getting the very best price, then a good tactic can be to invite sealed bids. Sealed bids mean that every potential buyer has the opportunity to give you one single offer and you can choose which one you want to accept.
You have no obligation to choose any of them, so there is no risk of them all bidding too low. When potential buyers have the chance to give just one offer, the chances are they will bid the maximum they are willing to pay and, in some cases, this can be higher than your asking price.
Sealed bids do come with their risks, and it is more likely for buyers to pull out further down the line if they ended up bidding more than they are truly comfortable paying. This can cause more hassle than it is worth as it will put you right back to square one.
Let Potential Buyers Know About Other Interest
Never be afraid to let potential buyers know if you have other interest in your property. Knowing that there are others seriously considering the property can encourage them to offer a higher price immediately. No buyer who is interested in a property will want to run the risk of being outbid by another interested party.
If you do get an offer and have more viewings lined up, then don’t hesitate to tell them you are not ready to accept it yet. By letting all potential buyers know that there are other interested parties, you are keeping them in the loop and also increasing urgency which can lead to a higher price for your home.
If you do receive an offer that is close to your optimal price but not quite there, then you can sometimes encourage the buyer to increase their offer by declaring the amount that you will accept to take the property off the market. Buyers will want the home taken off the market as soon as possible and offering this option can be a good way to get them to increase their offer slightly.