Selling Your London Home on Budget? Check Out These Affordable Options for 2023!
If you have enjoyed riding the property high and you have finally decided it is time to sell your home, you are going to need to put your property on the market. But, that’s just the first step. This starts the process of finding good estate agents, staging your property, hosting viewings and open houses, negotiating potential offers and finally closing the sale. And, all of this costs money. If you are thinking about selling your home in London, anywhere in the UK, on a budget, you may want to find some affordable options.
First, let’s talk about some home-selling statistics in the UK. According to estate agents in York, almost 30 per cent of property transactions fall through before the sale of contracts. And if you think that figure is high, it’s important to note that a whopping 51.8 per cent of homeowners fail to sell their property within 10 minutes. In fact, around 35 per cent of homes that are for sale in England and Wales have been priced reduced due to low demand. And, it takes at least 10 viewings to finally get an acceptable offer. Keeping these figures in mind, it is important to remember that the goal should be selling your home for a profit, not selling your property using the cheapest options possible as that could result in lower profits, or you could even end up not making a sale. With that being said, let’s talk about the most affordable ways to sell your home in London in 2023.
Hire estate agents online
Online estate agents are usually more affordable than traditional estate agents. But, when it comes to online estate agents it is very important to read the fine print. Some may charge their fees in advance while others may charge an estate agent’s fee whether the property is sold or not. So, when it comes to finding estate agents online, always try to find well-known, good and reliable agents. Recent figures show that 97 per cent of potential buyers search for properties online, hence making online the new normal. Websites such as Zoopla and Rightmove have become the go-to websites for first-time buyers and potential buyers. In fact, even buyers who have traditional agents tend to look at properties online before going for a viewing.
Get in touch with local estate agents
A good local estate agent is your best option to sell your home. And, these estate agents are not always expensive. You want to find a local estate agent who has experience in selling your type of home and one who knows the market. With that being said, the best agent is not always the most expensive one and the worst agent is not always the cheapest one. You want to find a good estate agent, one with good reviews, good numbers and good closing skills. And since there are so many estate agents for you to choose from, you can always find a good estate agent who fits within your budget. After all, it is better to hire a popular estate agent for a little more money and earn a hefty profit on your sale as opposed to finding a cheaper estate agent who may or may not be able to close the deal.
Sell at an auction
Selling your property at an auction is a great way to sell your home on a budget. This method is quick, easy and affordable. First, you need to choose an auction house. Once you have decided on the auction house that is best for your property, you need to register and pay the fees. This can range from a few hundred pounds to thousands of pounds depending on the property and the auction house. Once the registration process is done, the auction house will send you a catalogue with the details of the property along with an estimated price; you need to check the details and make sure everything is correct. Then, it is time to get your house ready for the sale. You want your home to look its best for any house viewings and photographs. When your property is finally auctioned off, the buyer will have to pay 10 per cent of the total value of the property as a deposit and the remaining amount is to be paid within 28 days.
