A guide to private property sales: Home selling tips

Nowadays, more and more homeowners are opting to sell their properties privately, without enlisting the professional services of an estate agent. Because private property sales are managed by homeowners themselves, they’re often cheaper, faster and less complicated than agent-assisted sales – draw cards which are highly attractive to homeowners wishing to sell quickly and without incurring high selling costs.

While private property sales are known to save homeowners time and money, they are by no means an “easier” home selling option than any other. In fact, private home sellers who do not understand the ins and outs of a private sale could find themselves well and truly befuddled by the process. Selling privately is possible – and it could have significant financial and personal rewards – so brush up on your sales knowledge and take advantage of this useful selling method.

How to manage a private property sale – no mess, no fuss

If you’re embarking upon a private property sale, remember that it is up to you to market your home. When you sell a property through an estate agent, it is the agent’s job to advertise your home, and to ensure that the house is brought to the attention of prospective buyers. However, as a private seller, it’s vital to set some time and money aside for this purpose. Despite the cost of this exercise, the amount you’ll spend on advertising will pale in comparison to the amount you’ll be saving on agents’ commissions.

It is essential to have For Sale boards placed outside your home. If possible, have these designed and printed by a professional company. It’s been found that the majority of home buyers purchase properties within a five-mile radius of their old homes, so these boards are guaranteed to attract interest in your property. < a href=" http://www.lawpack.co.uk/Sell_your_own_home_kit.asp">Lawpack offers valuable advice to private sellers, and also sells For Sale boards which conform to government regulations.

Price your home realistically. There’s no need to undersell, but it’s also unnecessary – and detrimental to the sale – to overprice the property. It’s a good idea to have your home valuated by a professional to gauge its accurate market value. Also bear in mind that, in line with new UK home selling regulations, you will be obliged to obtain a Home Information Pack before attempting a private property sale. You may be interested to note that, if you choose to sell your home to MPG Investments, you won’t need to procure this stack of documentation.

Get a head-start by advertising your property on the Internet – and, more specifically, through an online estate agency service. These sites are linked to major property portals, and grant private sellers access to these platforms. Thousands of properties are sold thanks to online property advertising, so forget about traditional print media ads and turn to the Internet instead. It’s instant, inexpensive and effective.

You CAN close your own private property sale!

There’s no need to rely on estate agents or auctioneers to sell your property. Selling privately IS possible – and it’s being done successfully throughout the UK each and every day. Enter the sale with your eyes open and with a good knowledge of private sale practices. You’ll be in control of the sale every step of the way, and you’ll save thousands of pounds by selling in this manner.

For more information, please contact us on 0800 634 9231 to request a free property valuation.

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