If you’re thinking of selling your property fast, you need to consider getting a professional RICS valuation.  The reason why a professional RICS valuation will stand you out from the crowd is because you will be to demonstrate to potential buyers what your property is really worth in present market, and not simply an opinion of estate agent.  It will also demonstrate to potential buyers that you have gone through the trouble of obtaining a RICS valuation and shows you are serious about selling your property in a slow market.  Valuations can cost from £100 right up to £1,000 for properties at higher end of market. 

If you’re not too keen on getting your property valued — there are a few other things you can do to get a fair and realistic idea of how much your property is worth.  Best thing to do is find a local RICS valuer who is also an estate agent, find out name of that person and insist with your local estate agent that you wish to book an appointment to see that valuer — ask for him or her by name!  Get at least 3 valuation and take a median figure i.e. the figure that meets in the middle as an idea of what your property is worth.  For instance, you may get three valuation ranging from £100,000, £110,000 and £120,000 from three agents so you need to go for the middle value as a barometer and test the market.  If you over value your property, you will almost instantly kill interest from any interested first time buyers or property buyers who need to upsize.

Be prepared to negotiate on the price for instance, if you selected to put your property up on market at median figure of £110,000 then be prepared to accept £100,000 as a serious offer.  In the current market, nobody is offering full asking price — gone are those days when money was offered to anyone and lenders are demanding large deposits.  We were contacted by one seller who had her property on market for £250,000 but, when asked what sort of offers would you consider from a buyer her response was £300,000 — do people really think that someone will offer £50,000 more for her property than what it was valued at by local RICS surveyor?  Of course, if your property was in Monaco you could achieve above market price offer but, don’t expect that in Britain.

Other incentives, you could consider include gifted deposit of 5% – this means you will need 5% deposit in your bank account when exchange of contracts takes place with a potential buyer.  If buyer puts in another 5-10% then provided they have superb credit score, they will be able to buy your property.

Another top tip is to reduce the price to lower buyer’s stamp duty liability i.e. if your property is on market at £250K then consider offers in region of £240K.

We hope you find this blog useful.  If you are looking to sell your house quickly then why not get in touch with us by click sell house fast link.