Outside influences on the market, such as the economy and concerns about health, have created change, and the use of technology in property transactions continues to march forward. Therefore, property professionals must stay on top of all factors that affect home sales to remain successful.
Because the UK property market changes at lightning speed and sellers may hesitate to enter the fast-moving waters without knowing just where to step, we’ve gathered the most recent data together to help you navigate the four ways selling a house has changed in 2021.
Pricing
In the past, sellers had wiggle room when listing their homes and could hope for counteroffers if they were pricing too high.
However, in today’s market, there’s no room for error when you set your asking price on your the North East property.
Buyers now are more tech-savvy than in years gone by, and they’re able to assess a listing within a matter of seconds to know if it’s priced right. If it’s been overpriced, they can simply ignore it and move on to another property.
Therefore, you’ll need to keep an eye on similar-sized properties to yours in the local area, to ensure your asking price isn’t inflated.
Again, being realistic with your asking price helps you sell faster. You want to avoid lingering on the market because the number of days listed can severely affect your final sale price.
Surveys
Surprises are the last thing anyone wants during the negotiations, let alone the buyers walking away from the deal over a failed survey.
Even worse, buyers often take advantage of a poor surveyor’s report and demand a discount on the asking price far above what any repairs would cost.
If you want to get in the driving seat, you can always have a survey carried out before listing your the North East property for sale.
That way, you’ll avoid any nasty surprises and be in a position to negotiate on the front foot. Or, you can have any repairs carried out in advance, before putting the house up for sale.
Viewings
Something else that’s changed in 2021 is how viewings are conducted. Due to the pandemic, many County Durham, Darlington, Newcastle, Gateshead, Sunderland, Northumberland, Middlesbrough, Hartlepool and Stockton-on-Tees property viewings were taking place virtually, and even though restrictions in the UK have been lifted, this modern and convenient way of viewing a property is likely to continue.
Although, in-person viewings are likely to continue forever, having a virtual tour in advance has been a great way of weeding out some of the timewasters, meaning that anyone who comes to view your property in person is likely to be a serious buyer.
Options
The methods available for selling a the North East house have changed too. With the traditional options of hiring an estate agent or selling your home yourself to save the commissions, sellers can also now sell directly to professional investors.
Even better, you’ll have no out-of-pocket expenses to pay before your cash sale, and a direct sale is for your home as-is. A direct sale saves sellers both time and money because you avoid the prep work, surveys, repairs, and all of the headaches of viewings.
As a bonus, by selling directly, you will have a guaranteed completion date, sometimes within a matter of days. Not only do sellers save the commissions, but direct buyers, like We Buy Homes North East , don’t charge any fees.
The experts at We Buy Homes North East stay on top of how selling a the North East house changes every day. We Buy Homes North East understands how overwhelming it is to sell your home in 2021, and we can chat to you about any concerns you have, or answer any questions about selling your home, with no obligation.
We Buy Homes North East will handle everything for you and make the process simple, with a straightforward contract and transparency about reaching our cash offer. Contact We Buy Homes North East today on 0191 369 2088 to learn more.