How to sell a house quickly?

[Ghostrider 11]

If I could get a mortgage, I would snap your hand off as its ideal for what I want..

[*_ash_* 88]

http://www.rightmove.co.uk/property-for-sale/property-35932146.html

 

 

I reduced it by £10K with the agent yesterday. Not really planning on dropping it any further. That's one helluva drop.

 

Blimey, I've read all the comments after and they are definitely right.

 

The photos show little of what people will be looking for. It's a shame you reduced it before people posted. When I was looking for somewhere to buy, the parking area (in your case garage), kitchen and bathroom were key to what I 'saved properties' and dismissed. Kitchen and bathroom can be pricey to fix up, so with no photo of kitchen, I would dismiss it unless the price was very cheap, then I could factor in a new one, if the price was right.

 

Is it William Brown? I would be bloody fuming at them CR There could be loads of people have viewed your page and moved on to the next! Problem is now if current interest doesn't materialise, putting the price back up to say 85 will show up.

 

I've just phoned the agent and they'll make amendments and get new pictures taken.

 

Apparently an investor wants to view it since the price dropped....so fingers crossed.

 

Bold: tell them to put a layout in too. I always look at the layout.

 

non-bold, all the best, I hope you sell it.

 

This thread is a good advert to not use that company!

 

---------- Post added 25-02-2016 at 13:17 ----------

 

 

Look at what it's competing with

 

http://www.rightmove.co.uk/property-for-sale/property-34798545.html

 

That's 85k and reduced by 20k recently... It has 3 bedrooms, a recently fitted kitchen, nice looking rooms and no brown carpet.

 

http://www.rightmove.co.uk/property-for-sale/property-51205769.html?premiumA=true

 

This is 75k, and well decorated inside with a new bathroom, decent kitchen and plenty of outdoor space.

 

Yes, these are good examples. The one with 13 photos would catch my eye more. Though even at 75, backing onto a primary school would rule this out. Way too noisy!

 

The 85k one only has 6 pictures like CR's, but a much better idea of the inside. The 85 one could do with tidying up the front though. I would if selling mine.

[Cyclone 10]

Hmm strange, there were pictures of the lounge on Rightmove, I suspect the agent took them down. I will call them.

 

You can see the garage....

 

In the 1st photo with the white roller door?

 

Due to the angle it's taken at I assumed that belonged to the next house.

[Classic Rock 10]

I am addressing the photograph situation. Please, no more comments about the photographs. The agent has now included wording in the Right Move advert to show that there is a garage.

 

To be honest I started this thread to get ideas about alternative routes which I could use to sell the house quickly as clearly the estate agent route has not worked for me.

 

Can anyone recommend any other routes I could explore to sell the house away from using an agent?

[Orzel 10]

Get floorplan as well.

For a 100 quid you can have pro pictures, pro description and floorplan drawn.

With proper advertising that should sell.

If not estate agents try auction, but that needs proper advertising to fetch decent price.

Have you offered this house to your tenants?

[*_ash_* 88]

I am addressing the photograph situation. Please, no more comments about the photographs. The agent has now included wording in the Right Move advert to show that there is a garage.

To be honest I started this thread to get ideas about alternative routes which I could use to sell the house quickly as clearly the estate agent route has not worked for me.

 

Can anyone recommend any other routes I could explore to sell the house away from using an agent?

 

They are probably linked though. I wouldn't give this away. See how the new photos and advert go? It's a shame you didn't post this 6 months ago.

[Classic Rock 10]

The tenant was offered the house but cannot get a mortgage.

 

I'm not giving it away

 

---------- Post added 25-02-2016 at 14:46 ----------

 

They are probably linked though. I wouldn't give this away. See how the new photos and advert go? It's a shame you didn't post this 6 months ago.

 

Hindsight is a wonderful thing....

[sgtkate 10]

I am addressing the photograph situation. Please, no more comments about the photographs. The agent has now included wording in the Right Move advert to show that there is a garage.

 

To be honest I started this thread to get ideas about alternative routes which I could use to sell the house quickly as clearly the estate agent route has not worked for me.

 

Can anyone recommend any other routes I could explore to sell the house away from using an agent?

 

Advertise it on here if you've not already done so. Unless you absolutely need to sell insanely quickly and it'll cost you more not to do so, then I'd stay away from those 'webuyanyhouse' type people. You will get a terrible deal with EVERYTHING in their favour.

 

Might be worth trying a different estate agent. Purple bricks are seemingly well reviewed online but I've no experience with them myself. Best of luck getting it sold.

[Cyclone 10]

I swapped agents several times, the low fee agent wasn't getting me the viewing.

After that I tried Saxton Mee, who I made put in the contract that if it didn't sell in 13 weeks I could withdraw with no fee. Which I did.

Haybrooks eventually sold it, they seemed much more proactive.

[Olive 10]

Get floorplan as well.

For a 100 quid you can have pro pictures, pro description and floorplan drawn.

With proper advertising that should sell.

If not estate agents try auction, but that needs proper advertising to fetch decent price.

Have you offered this house to your tenants?

 

Definitely agree with everyone who's saying you need a floorplan. Currently there isn't enough info to make people give it a second look. For me, the layout of a property is just as, if not more important than the look of the rooms.

[jennycakes 11]

Agree regarding pics you want the maximum they can do

 

Also have a couple of open viewing days

 

You could also pop brochures up in local shop/post office/library and if you have an open day get it posted on other house sale sites yourself.

 

We sold ours on an open day after reducing price good luck the right buyer is out there you/agent need to find them.good luck x

[mlfc 10]

I hadn't thought of using an auction, what sort of percentage of the market value do houses usually sell for?

It varies. Sometimes bidders outbid each other and the sale price rises above expected. The current lack of supply seems to be driving auction prices up. Auctions are necessarily places to pick up bargains anymore. Obviously you can put a reserve price on.

 

The other thing to remember is that the buyer pays the auction fees and there are no estate agents fees for the seller other than perhaps having photos professionally done.

 

---------- Post added 25-02-2016 at 15:48 ----------

 

mltc, where do you have this information about landlords snapping up property? (a link would be interesting to read, but preferably it is excluding London)

 

I can't imagine this is true, and hence your response CR.

 

At the moment benefit legislations are going through that mean landlords won't get direct payment from the government for tenants that are on housing benefit. As an investor this would ring alarm bells for me until this is finalised. This is a massive change in things in the rent/btl market. Many people will stop renting out to benefit claimers I would reckon, and this will lower rent value. As it happens, I haven't got properties or ever likely to, so this is just a guess and interest because I think it's a dreadful government decision.

Here's a few links but we are seeing this within our business directly

 

http://www.ft.com/cms/s/0/34eb06c4-bf87-11e5-9fdb-87b8d15baec2.html#axzz41C9WtYGu

 

http://www.dailymail.co.uk/news/article-3441644/Buy-let-rush-beat-stamp-duty-Landlords-snapping-properties-changes-levy-introduced-April.html

 

http://www.thisismoney.co.uk/money/buytolet/article-3415394/Buy-let-landords-storming-UK-housing-market-beat-stamp-duty-hike.html

 

Most of our landlords have working tenants. Having tenants on benefits is a specialist area. Quite a lot of BTL lenders won't allow them anyway so these changes aren't really a major issue.

Edited February 25, 2016 by mlfc