Tue 03 May 2016
“We are all aware of the high demand for property in West Bridgford and the lack of supply, which to most is great news if you have a property to sell here.
Having sold plenty of houses over the years, in my experience sellers should be conscious of agents carrying high stock levels. Surely West Bridgfords fast moving housing market and its individual micro-climate should dictate low stock levels?
It is clear to me that there is a distinct lack of good, honest advice given to sellers with regards to property values and expectations. If demand is there, the property is accurately valued and impeccably marketed, then why are some agents carrying high stock levels?”
Beware of agents over valuing, this may cost you in the long run.
Sellers need to be aware of misguidance regarding their property’s presence on the open market which could potentially cause issues further down the line. The property could out-stay its welcome on the internet portals; when all the statistics are indicating in your local area that properties are in high demand why isn’t yours selling? Surely this will only have people wondering whether there are underlying problems and even if the asking price is achieved there is a risk of down valuation from financial lenders resulting in a return to the market.
Key things for sellers to consider.
Visit your agent’s office - Were the team knowledgeable and experienced? Was the advice given clear and substantiated?
Agents stock levels - Enquire how many properties they have on the market? How long are they taking to sell? How are the details presented?
Moving Onwards - Are they engaging in your plans to move? Will they assist in negotiating your onward purchase? Have they offered recommended solicitors and financial services?
Viewings - Who does them? Which is best vendor or accompanied viewer? Do they offer Open Houses? Do they work and How?
Selling costs - Be aware of agents selling themselves cheaply? What’s included in the fee? Is the photography professionally taken? EPC’s & Floorplans included? Are there any withdrawal costs?
"Managing realistic expectations is the key to successful Estate Agency. "
If you’re struggling to sell your home or are thinking about selling, contact us now on 0115 981 0003 for some honest, up-to-date market advice.
"We have been very grateful to the staff at John German for keeping us up to date every step of the way through our purchase. They have all been very helpful to deal with and we would definitely recommend your company to others."