Importance of Accurate Valuations When Selling Your Home
Selling your home can be a trying task, as there are so many factors which impact on the sales process. At homes4u, we are pleased to say we have helped many Greater Manchester vendors sell their home, and we aim to ensure you make an informed decision. The importance of accurate valuations when selling your home cannot be overstated, and we are here to assist you.
Many factors influence the value of your home
While the condition and size of your property are prominent factors in determining the value of a home, there are many more elements to consider. There are as many external factors influencing your property value as values directly attributed to your property. Therefore, it is best to call on a local estate agent who knows the market.
Some of the factors which shape property values include:
· The level of demand for property in the area
· The possibility for expansion or development at the property
· The level of storage space in the home
· The current supply of homes in the area
· Local amenities and facilities in the area
You can influence some of these elements, and we will advise you on how to improve your home to increase its value, but some parts are out of your control. The presence of a highly-regarded school or a dependable transport hub often shapes property prices more than the condition or size of a home.
Why it is vital to price your home accurately
If you price your home at too low a price, you’ll lose money if it sells. This outcome may impact on your next move. Of course, if you price your home with too high a value, savvy buyers will show no interest in your home. Even if you then drop the price at a later date, some buyers may have concerns as to why you have dropped the price so quickly.
With modern home-buyers beginning their search online, they set minimum and maximum price parameters for homes they wish to see. If your house is valued at a price outside these parameters, prospective buyers don’t see your property in their search returns. Therefore, you must value your home at a level which helps you connect with likely buyers.
You must be able to justify the value of your home. There is nothing wrong with your property holding a higher than average value, as long as your home is better than average. As a local agent, we not only know local prices and values; we see the reasoning behind these figures. This knowledge helps us help you to price your home accurately.
At homes4u, we are pleased to offer an instant valuation service, and we provide a more comprehensive valuation service, helping you price your property. We cover a wide range of areas in and around Manchester, including the city centre, Victoria Park, Deansgate, the Northern Quarter, the Southern Gateway, Ardwick, New East Manchester, Prestwich and Ancoats. We also operate across Southern Manchester.
When you’re looking for guidance, advice and support from a skilled and experienced Manchester estate agent, we can help. Contact homes4u today, and we’ll assist you in selling your home.