Advice For The New Year Property Housing Market
Written by JDPGlobal | Wednesday, 08 February 2006
As the New Year approaches, there’s nearly always an upsurge in the activity of housing market. The high house price inflation of current years has now come to an end. Hence, sellers can no longer depend on a host of hungry buyers to buy their property no matter what. Today the opoosite is true with buyers being shrewd in their offers and reacting swiftly when they see the right property.
As per estimates, more than 50 per cent of buyers do their initial research online. Hence, if a person is looking to sell his home in 2006, it is might be necessary to use an estate agency, which has an attractive website that may be easily used and which is highly informative. Buyers are rich in cash and time poor and they want to extract knowledge as possible about a property. hence, it is told to check the floor plans online, and see that there’re accurate location maps.
A person also requires to be sure that the estate agent isn’t overvaluing the property. Buyers, by doing some searching on the web could get a clue of what a property is worth of so it’s pointless trying to sell them otherwise. Multi agency will be expensive, and these people pay up to 1.5 per cent more in commission than with sole agency.
A wrong message could be sent out by some having many signs outside your home. It may tell the buyer that a person is suffering from a problem in getting a buyer, or that he is desperate to sell. In both situations, there’s a person who won't get a fair deal. There’s also a fair chance that the estate agencies will not be that motivated to sell property, if they haven’t got the sole rights on it.
Once a person has given instructions to a person, that person shouldn’t tie himself into a contract of more than 6 weeks. To minimize the time taken in selling the property, it is important that a person should talk to a solicitor the moment he puts it on the market. The information includes service charge and leasehold documents. After the offer is made, the responsibility lies on the solicitor of the buyer to move the sale forward. A person has to be assertive with the buyers after the offer has been made. A timeframe of two weeks should be made, and within that period people have to carry out the searches and have completed the surveys.
A person who wants to buy a property, should know the cost of other properties of the same nature. This means that when a person approaches an estate agent, that person will be in a strong position. A person should always check the company he is dealing with. It should also be figured out whether the property is being sold on a sole or a multi agency basis. It is always advised to go for sole agency. This is because the buyer knows that the seller is dealing with only one estate agent and this may means that the dealing will be smoother.