The rate of growth in the UK property market has been pronounced in recent times, as house prices continue to soar nationwide. This expansion has been driven by a number of government-backed initiatives, which have created less stringent lending conditions and even encouraged first time-buyers back to the market.

There are signs that the Bank of England is growing increasingly concerned, however, as it strives to put a brake on surging property market growth and stabilise the market. To help achieve this, it has recently scrapped a flagship initiative (The Funding for Lending Scheme) and switched its focus to boosting small business borrowing in the UK.

Mastering the Art of Selling your Home

While this has certainly created a sellers’ market, however, those looking to cash in on their home will need to take a proactive approach towards no optimising value. Consider the following steps towards mastering the art of selling your property: –

Make Curb Appeal Work for you

Curb appeal is an understated tool when it comes to selling your home, as it can be used to enhance the visual appeal of your property and create a positive first impression among potential buyers. It is estimated that viewers form an initial impression of your property within five to seven minutes, which means that you have limited time to engage their interest and encourage them to visualise living within the home. To achieve this, you should ensure that your front garden or driveway is entirely clutter free, while also adding some much needed lustre to the paintwork on your doors and window frames. These seemingly small amendments can go a long way, especially in a competitive market.

Set a Fair and Competitive Price

We all love our homes, and take a great deal of pride in their design. It is important to take a far more objective view when selling your property, however, as potential buyers will not share your level of sentiment or the emotional attachment that you have with your home. So when it comes to appraising value, you must set a fair and objective price that is competitive in the existing market. While professional real estate firms are able to perform a valuation on your behalf, however, you should strive to conduct your own market research to arrive at the ideal price.

Consider the Role of House Buying Companies

Of course, there may be circumstances where you need to cut your financial losses and execute a quick sale. If you have fallen behind on your mortgage repayments or have a home that is in a dilapidated condition, for example, there is a pressing need to sell the property and recoup as much of your initial investment as possible. While this is a far from ideal set of circumstances, you must be prepared to reclaim as much of your real estate investment in order to lay the foundations for a successful and prosperous future.