Selling your Property

It can be tough out there but if you are looking to sell your property quickly there are several things you can do to increase your chances no matter what the market throws at you.

Nigel Favas, managing director, Reeds Rains estate agents, gives his six tips for success:

First, be patient

The market conditions have changed from the euphoric days of the early noughties but there is still a steady demand out there. However, you will need to take into account that buyers are more cautious and want to make sure they are getting the best deal they can. In fact, the estimate for how long it takes to sell a house has almost doubled compared to the same time-frame last year so don't expect it all to happen in a flash.

Second, savvy up on pricing and be realistic

By realistically pricing your property you will significantly increase your chances of a quick sale. Your agent will be the best person to guide you on this but you can also do your own homework. There are a huge number of websites that will allow you to check prices in your area. Also, don't dismiss any low offers without thinking them through; a swift sale may save you money in the long run.

Third, get the basics right

Get an EPC and know how to work with your estate agent to get the best from them. Remember it may pay you to spread the load by having a number of agents looking out for your property. Also, you may wish to negotiate your fee with your agent but beware a lower fee may mean lower service. Make sure you set your expectations with the agent and you know where and how your house is going to be marketed. And make sure your agent qualifies all the buyers you need to ensure that people can get a mortgage or you are wasting your time.

Fourth, access matters

You want as many people as possible to see your house, so give your agents a set of keys. Especially if you work, they are far more likely to be free to show people around your house than you are. Also, you have hired them as your agent so let them do their sales job; they will probably sell the best features of your house better than you can.

Fifth, be prepared to negotiate

If your house is a perfect first-time buyers pad but you want to trade up, be aware of how you can help the first time buyer because you need their sale. This could include a cash-back offer or throwing in some furniture or soft furnishings like curtains.

Finally, first impressions do count

Think about the way your house is presented both inside and out. A fresh coat of paint can make all the difference. Tidy the front of your house and clean your front door. If you have a front garden make sure it is well maintained. In addition, the inside of your house should be as free from clutter as possible. The kitchen is always a key selling point so ensure it is clean and that all dishes are washed and put away. Do all the small jobs you haven't got around to, such as changing that light bulb and fixing that squeaky door. If a potential buyer is undecided about your property, it is these small things that could be the difference between a sale or them walking away.