How to sell your home in Ruislip in an election

It is proven that a general election will slow down the housing market as buyers eagerly wait to see what happens. “Political uncertainty is fast becoming the norm and our insight suggests that after a raft of elections, referendums and general political interventions in the housing market, our customers want to get on with life.” Prices need to be realistic and vendors should prepare to spend some money on the general update of their properties specifically the garden.

Zoopla have released new data stating, the property portal, shows that 31.6 per cent of properties on the market have been discounted. 32 per cent of properties in London had their asking price reduced by an average of 7.52 per cent.

A Director of Savills, says that since April 2016 there have been 70 per cent more cuts in asking prices in London than in the rest of the country (relative to the number of sales). “But there is evidence these cuts are enticing buyers back.

Your agent will advise you that houses today are not worth the same value as they were a year ago, which means that your new purchase you will be able to buy for less. You should be cautious of an agent with an unrealistic attitude to the asking price that you should set. A lot of sellers do understand current housing market, but are told by their agent that it does not apply to their property because it is so special and different when in reality this is not the case.

There are only two key factors that matter when selling your home and they are Price and presentation.

Realistic Pricing

Mortgage lending criteria is now much tougher for buyers, which has added to affordability pressures, Brexit apprehension and stamp duty. Selling at a particular price because they need to fund their next property purchase, buyers will see straight through it and stand firm against meeting the asking price.

It’s the small things can significantly reduce the value of your home.

Are you using the right agent?

Reducing the price by 10 to 15 per cent would now be fairly typical, says James Clarke, the head of core markets at Knight Frank in London. “From Knightsbridge to Richmond we have seen significant price drops at the upper levels”.

It is always a good idea to research your agent before you sign their terms and conditions and look at their track record to see if they have sold things at that price, and in what time frame?. A good agent will be able to advise you through the local market and show you examples of recent sales of similar properties Equally, how motivated are you to sell quickly?

Invest to make money

By spending approximately £5,000 to update your homes principal rooms such as the kitchen and bathroom can make all the difference between a fast sale at a good price and your property languishing. For more expensive homes, it is worth spending more on your garden.