I bet each passing day without an offer on your home is getting a bit more frustrating. Days turn into weeks, and weeks into months. Every extra day feels like a step closer to needing to change your housing plans.
Initially, it seemed so straightforward, right? 1) Pick an agent, 2) snap a few photos, 3) eager viewers Queue to see your home, 4) offers flood in, 5) smooth sailing to your next dream home. But reality hits, and there are more steps and pitfalls than you anticipated. If you're reading this, you're probably trying to steer clear of those pitfalls or worse still in one of those pitfalls.
No worries, there's a buyer for every home. Keep reading to discover why you might not have found them yet and how to tackle the issue.
There is no denying that in today’s world most people do almost everything online – Shopping, learning, working, dating, house hunting! Thanks to the wonders of the Internet, email, and social media, connecting with millions is just a click away. With that in mind it was only natural most agents stopped supplying brochures. However It is likely that the buyer viewing your property has scheduled in 2 or 3 other properties to see on the same day. They then start to develop viewers fatigue, all the properties start merging into one another and they can no longer distinguish one from the other. Was it your property with the lovely bathroom or was it that other property with the smaller garden that had the nice layout?
A good brochure will remind the buyer of all best features, aspects and details of your property.
Get a brochure! Not only will a brochure allow the buyer to see, touch and keep something about your property, thus keeping your property in there memory. It will also increase the perceived value of your home. It is likely to go home with them and sit on their coffee table or kitchen worktop while the other properties are lost in an overcrowded email box.
In today's property landscape, there's a baseline standard for marketing properties, and while it's not rocket science, it's essential. If your home isn't meeting this standard, finding a buyer quickly might be a bit of an uphill battle. At a minimum, your property should boast quality photos, detailed floorplans, highlighted features, an Energy Performance Certificate (EPC), a well-crafted description, and visibility on at least one property portal. It's these basics that lay the foundation for a successful marketing strategy and a speedy sale.
Let's be real—the bar might be set a bit low, so going above and beyond is a breeze. Think lifestyle photography that tells a story, captivating videos, and immersive virtual tours. Poetic descriptions that paint a vivid picture and elevate your property to a premium level. Your agent should be featuring your home prominently on property portals—making it stand out from the crowd. It's not just marketing; it's showcasing your home in a way that resonates and leaves a lasting impression. Go ahead, set the stage for your property to shine!
One thing worth considering is that the photos of your property play a big role in attracting the interest you're hoping for. Poor photography is not just dark images, wonky angles, or blurry shots – it’s also when they are overly enhanced or look unreal, the use of super wide-angle lenses might not give the best impression either. Remember, these photos are the first glimpse a potential buyer gets of your property. Making them warm, inviting, and true to life is key to capturing their attention!
Use a professional property photographer, who can really capture your properties true beauty. Have at least 12 photos (bigger properties require more).
Close up lifestyle images work wonders too.
Yes, the longer a property stays on the market (with the same agent), the trickier it can be to attract buyers. Buyers favourite question “is how long has the property been on the market for?” if it been on the property for a few months they instantly think “what is the issue with the property. If no one else wants it neither do I”. Worse still are people looking online who simply disregard anything that they deem too old.
At this point your agent should have pulled out all the stops listed above. If they have or haven't, Its time to switch agent. At this point Only a new agent can truly refresh the marketing of your property for it to appear as new to the market.
A simple price reduction might not be the solution you're looking for.
When it comes to determining the value of your home and setting the marketing price, there's a bit of an art to it. Your agent, after establishing the true value of your home (what buyers are genuinely willing to pay), should have guided you on the best marketing price. This involves considering various factors, such as property portal price bracketing for maximum exposure, stamp duty thresholds, competing properties, and the strategic use of a price prefix.
A skilled agent can leverage the marketing price to spark interest and encourage viewings. The price prefix is that little message before the price—whether it's "Guide Price," "Offers in Excess Of," "Asking Price" etc.—is a effective tool that your agent can use to generate enquiries.
Your marketing price should not be too ridged. If a similar property enters the market at a significantly lower price and your viewings start to dwindle, your agent might suggest a tweak, like advertising as "Offers Over" £x instead of "Asking Price" £y. These adjustments can still bring your home to its valuation price. It's a bit like a dance, and a good agent knows the steps..
It's no secret that every company is in business to turn a profit. Now, when it comes to low-cost agents, they often have two approaches to boost their bottom line. First, they might cut costs, which unfortunately can result in less-than-stellar marketing for your property. On the flip side, some opt for the volume game, which can translate to a trade-off in customer service and personalized attention. It's a delicate balance, and understanding these dynamics can help you make an informed decision when choosing the right partner to sell your home.
In addition to brightening your home with well-lit spaces, consider adding cosy throw blankets, decorative cushions, and fresh flowers for a welcoming atmosphere. Strategic placement of mirrors can maximize natural light and create a sense of spaciousness. Clear away clutter and personal items to help potential buyers envision themselves in the space. Soft background music and open windows for fresh air contribute to a comfortable and appealing environment. These details collectively create a warm and inviting atmosphere, making your home more appealing to visitors.
To intensify buyer interest and create a sense of competition, consider scheduling back-to-back viewings or an open-house event whenever feasible. This strategic approach not only maximizes your time efficiency but also allows potential buyers to encounter each other during the viewing process. This subtle exposure communicates a message of heightened interest in the property, fostering a sense of urgency among viewers. By orchestrating such scenarios, you not only leverage buyer psychology but also potentially drive up the perceived value of your property through increased competition, leading to more favourable offers.
You've probably heard it mentioned on TV shows—the importance of curb appeal when it comes to selling a property. Now, your home might have oodles of curb appeal—flowers in the front garden, clean windows, neatly trimmed hedges, and a spick-and-span driveway. But what about the neighbours? If their properties lack that curb appeal, it might unintentionally impact your home's overall impression.
And let's not forget about the timing of viewings—a crucial factor in curb appeal. Are potential buyers arriving during rush hour or the school run (especially if you're near a school)? Are the bins out because it's collection day tomorrow? Is your car usually parked in the driveway? These seemingly small details can significantly shape a viewer's first impression. It's all about making that positive initial impact!
If you're lucky enough to have friendly neighbours, why not give them a heads up about your decision to sell? A friendly chat or a note can do wonders. You might even kindly ask if they'd consider sprucing up their front yard a bit. Bonus points if they flash a friendly smile and wave to potential buyers—it's a neighbourly thing to do!
When it comes to timing your viewings, it's all about showcasing your property at its absolute best. Opt for sunlight hours, when the charm of your home is accentuated, and consider low-traffic times. It's these thoughtful details that can make a significant difference in creating a positive and inviting atmosphere for potential buyers.
You've lovingly transformed your home to match your unique style and preferences. Every wall is painted in colours you adore, adorned with pictures of your cherished moments—it's truly a space that reflects you and your household. However, the challenge arises when potential buyers, each with their distinct tastes, come for a viewing. The personal touch that makes it feel like home to you, might make it a bit challenging for them to envision themselves living there. It's a common hurdle, but fear not, a few strategic adjustments can help strike a balance and make your home appealing to a broader audience.
Consider making one last small investment in your property to enhance its appeal. A fresh coat of neutral paint on the walls, fixing any squeaky floorboards or doors, and ensuring all light bulbs are in working order can do wonders. If the budget is zero, simple changes like switching bed linen, a bit of decluttering, depersonalizing, and maybe a furniture rearrangement can make a significant difference.
The timing of when you decide to sell can play a role in how quickly your property finds its new owner. Keep in mind that potential buyers might be a bit scarce during seasonal holidays like Christmas or school summer breaks. Additionally, the ebb and flow of your local market conditions can influence the timeframe and the level of interest in your home. Your trusty estate agent is your go-to for navigating these nuances. They can fill you in on how the local market is doing and even share insights into the market absorption rate—a nifty numerical figure that gives you an idea of how long it might take to sell the remaining properties in your area. And, of course, a lower absorption rate is the golden ticket.
Understanding the profile of your most likely buyer can be a game-changer. Picture this: you've got a lovely 3-bed semi in the catchment area of a top-rated primary school. In this scenario, timing the market around school placement season could be a smart move. Or, let's say your property boasts a breathtaking garden—why not showcase it in all its glory by hitting the market in the vibrant beauty of spring? It's the season when your garden is at its most enchanting, setting the stage for potential buyers to fall in love at first sight. Timing, as they say, can make all the difference!
It's a known fact that potential buyers can be a bit reserved when it comes to providing feedback. There are various reasons for this—maybe they don't want to risk offending the homeowner, or they simply didn't connect with the property and don't see the need to articulate why. Some may even be a bit apprehensive, fearing that expressing any reservations might be misconstrued as interest, leading to unwanted persuasion from agents.
However, valuable feedback offers a window into the thoughts of your property's visitors. If you consistently hear concerns about the workload, perhaps it's time to consider how you're presenting your home. If, for instance, the feedback repeatedly points out that the third bedroom feels too small, it could prompt you to explore ways to maximize the space—whether that means rearranging furniture or creating a more spacious feel. It's these insights that can guide you in making thoughtful adjustments to enhance your home's appeal.
Let's be honest, viewers aren't obligated to provide feedback, and sometimes, silence speaks volumes. However, having an agent who excels at building relationships with buyers can make all the difference. A skilled agent knows how to gently gather information post-viewing and maintains a solid follow-up routine. Ensuring you stay in the loop about what potential buyers are thinking. It's these personal touches that make the selling process smoother and more insightful.
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