The market has cooled somewhat over the past few months as we leave the last 2 Covid impacted years behind and look towards a reset which will inevitably take into account current inflationary pressures and the prospect of rising interest rates.
This means the urgency for buyers is easing and they will have more time to research, more time to compare and more time to think. Homes will likely stay on the market for longer before attaining the sought after price.
Giving your home the edge over its competition should combat some of these factors. If a home is vacant, consider staging furniture or virtual furniture. If the facade is tired looking, consider a coat of paint to the front exterior and if the property is overstuffed to brimming with furniture and possessions, consider a temporary storage unit to clear superfluous items. Ensure lawns are kept neat and trees and shrubs well pruned.
Buying a home is not just a financial decision. A buyer needs to envisage living in your property and that is why presentation is key to achieving the best sale price in a cooling market.
Until next week,
Nick Lord (Director)