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Category: Selling Your Home

Why you need an expert estate agent now more than ever

Posted on by Sophie Winter

Remember the days post-lockdown when selling a home was as simple as listing it on a property portal and waiting for the phone to ring non-stop? Those days are long gone. The current property market has become more challenging, requiring much more than just a ‘For Sale’ sign and an online listing. Selling a home today, especially in Medway, demands skill, expertise, and hard work, along with the ability to adapt to a fluctuating financial climate and an ever-changing market. If you’re planning to sell your home in the coming months, now more than ever, you need the guidance of an expert estate agent. Here’s how an expert estate agent can help you sell your property in 2024:

Tailored marketing for your property

Selling a property is not a one-size-fits-all process. A great estate agent will create a personalised marketing strategy specifically designed to showcase your home at its best. From professional photography to targeted social media campaigns, a skilled agent knows how to capture attention and attract the right buyers for your property.

Skilled negotiation

In today’s market, achieving the best price for your home isn’t just about listing it — it’s about smart negotiation. A knowledgeable estate agent has the experience to handle offers and counteroffers with finesse, ensuring you secure the best possible deal without losing potential buyers in the process.

Local market expertise

Understanding local market trends, pricing strategies, and the community is critical to selling your home. A well-informed estate agent uses this insight to correctly value your home, position it effectively on the market, and match it with the right buyers. Their in-depth knowledge of Medway’s property landscape gives you an edge over the competition.

Support throughout the whole process

Selling a home can feel overwhelming, but a reliable estate agent is there to support you at every stage. From answering your questions to guiding you through the complex steps of the sale, they make the process as smooth and stress-free as possible.

Efficient and effective sales process

An expert estate agent knows how to move your sale along efficiently. From conducting accurate valuations to handling legal aspects, ensuring proper staging, and maintaining communication with all parties involved, they keep the process on track. This means your property is sold quickly, without unnecessary delays.

The expertise and value a skilled estate agent provides can be a game-changer. Particularly when the property market becomes more difficult to navigate. If you’re considering moving, don’t tackle these challenges alone. Contact our experienced and friendly team today, and let us help guide you through every step of your home sale.

Recent Articles

What is a qualified buyer?

Posted on by Sophie Winter

Have you ever heard the term “qualified buyer”? Estate agents often use it, and it’s important to understand about the phrase when selling your home. But what does it really mean, and why should you care?

What does a qualified buyer mean?

A “qualified buyer” refers to someone whose financial and purchasing position has been confirmed by the estate agent. Agents register buyers and match them with properties that fit their criteria, much like a matchmaking process for homes. This helps reduce wasted viewings, as buyers are only shown properties that meet their needs.

However, qualifying a buyer goes beyond preferences like the number of bedrooms. It’s about confirming their financial readiness. This ensures you don’t waste time preparing for viewings or get your hopes up over offers that can’t be followed through.

When an agent says a buyer is “qualified,” it means:

  • They’ve confirmed their ability to make the purchase. This inlcudes whether they need to sell a property first or serve notice to a landlord.
  • They’ve provided proof of how they’ll fund the purchase. Whether it’s through cash, a mortgage, or the sale of another property.
  • They’ve shared the status of their own property sale. Whether it’s already on the market, under offer, or ready for sale.

Why is this important?

Imagine receiving a great offer on your home, only to find out later that the buyer still needs to sell their property, which isn’t even listed yet. This could cause significant delays or even a collapsed sale. Knowing a buyer’s financial position upfront gives you confidence that the offer is genuine and that the sale can move forward smoothly.

Your agent will also use this information to gauge how quickly each buyer can proceed. This ensuring that the process aligns with your needs. For example, a cash buyer ready to move in four weeks may not suit you if you’re not in a rush.

Knowledge is key

Understanding the buyer’s position from the start helps you plan effectively, save time, and avoid potential pitfalls. If this is new to you, reach out to our team for expert advice and ensure you’re fully prepared for a successful sale.

Recent Articles

Key ways to enhance your property’s appeal to buyers

Posted on by Sophie Winter

When selling your property, it’s essential to view it from a potential buyer’s perspective. Buyers will try to envision themselves living in your home, and immaculate presentation can help you find a buyer quicker.

Presenting to buyers

Professional photography plays a crucial role; listings with high-quality photos can generate 93% more viewing enquiries than those with less attractive photos. Therefore, preparing your property for photos is well worth the effort. First impressions are critical, and poor photography or staging can quickly turn buyers away.

Reduce clutter

A cluttered and disorganised home can feel cramped and uninviting, which is shown in photos, virtual tours, and in-person viewings.

While personal items can add character to your home, potential buyers may see them as clutter, making your property appear crowded. You should aim to make your home feel spacious and airy.

Consider the functionality of each item in your rooms. If an item doesn’t serve a purpose or hasn’t been used recently, it likely won’t contribute positively to a buyer’s first impression. Store nonessential items out of sight in baskets or cupboards for photos and viewings. Your goal is to present a lived-in space that still feels like a blank canvas for potential buyers to make their own.

Colour and lighting

Maximise natural light by booking photos and viewings during peak daylight hours, typically around midday.

For colour schemes and artificial lighting, consider your target audience. A colder palette with white LED lighting, metallic fixtures, and white walls may suit a younger buyer, while a warmer palette with soft yellow and orange tones and natural materials like wood and bamboo might appeal to families.

Staging

You should aim for openness and simplicity when staging your home. Think about what your potential buyer may want. Make sure entrances and exits are clear and paths between them are open; and position furniture so that it doesn’t obstruct movement.

Keep furniture against walls to maximise central space in each room, and experiment with different arrangements to find the best layout. A key and cheap item to include is plants as they can add life and texture to your space.

Curious about your property’s value?

Find out with our free online property valuation.

Recent Articles

Top tips for finding your perfect home this summer

Posted on by Sophie Winter

Moving home is becoming more streamlined and less stressful, especially during the summer months. The relaxing vibe, longer days, and better weather make it an ideal time to find your perfect home.

What do you want from your next move?

Consider what you want in your next home. A larger garden might be on your priority list, so as you browse the wide range of properties available in summer, create your own list of must-haves. This might include location, the number of rooms, or the type of property. Stay open to new ideas and possibilities—sometimes the perfect property is one you hadn’t initially envisioned.

Talk to a local property expert to find your perfect home

The UK property market is highly varied, with conditions changing from one street to the next. Local knowledge is important for a successful move. The market you are leaving will be different from the one you are entering, and your needs are as unique as the properties available. Spend time with a local property expert to discuss your requirements; this is a key step in finding your perfect home.

Book a valuation

Planning your moving budget starts with a home valuation. Your property’s value may have increased more than you expect, opening up possibilities for better properties. Ensure you get a thorough, in-person valuation to determine the true value of your home without unrealistic pricing, which can negatively impact your sale.

Look at recently sold prices

Don’t rely solely on your agent for market insights. Looking at the selling prices of recently sold properties or similar homes can help you understand the market better. This summer is marked by stability, offering good equity growth for sellers and reasonable pricing for buyers.

Maximise viewings with longer days

Summer brings an abundance of properties to the market, so book as many viewings as possible. With quieter roads during school holidays and better weather, you can take more time to view properties. A good agent can help you find that special “I’m home” feeling.

Curious about your property’s value?

If you’re ready to find your perfect home this summer, contact our local experts or find out what your home could be worth with our free online property valuation.

Recent Articles

How to sell your home quickly

Posted on by Sophie Winter

Want to know how to sell your home quickly? Selling your home is a process and it’s essential to safeguard both you as the seller and any potential buyers. Completing all the necessary legal work and documentation typically takes time, making it improbable to finalise a sale overnight.

The time it takes to sell your property can vary based on current market conditions, as house prices and buyer demand fluctuate. However, there are steps you can take to speed up the process.

Selling your home with a trusted estate agent

Choosing a reputable estate agent can streamline the selling process, alleviating much of the effort from your shoulders and placing your property in the hands of professionals. A trusted estate agent, like CR Real Estate, offer expert marketing and photography services to ensure your property makes an excellent first impression on potential buyers. We will also create a listing for your property on the leading property portals, Rightmove and Zoopla. To explore your selling options with local experts, contact our team here.

Preparing your home for sale

Your online listing will need photos that showcase your home to potential buyers. A well-presented property is more likely to attract interest. Cleaning and staging your home now will make it easier to take appealing photos when the time comes. This preparation also benefits viewings.

Sell your home in just 56 days

Using the modern method of auction can significantly speed up the selling process. Your property will be listed for a set period, typically 30 days, allowing buyers to bid on it. At the end of this period, your property is reserved for the highest bidder, who must exchange contracts and complete the purchase within 56 days. While selling via auction can result in a higher or lower price than anticipated, it accelerates the selling process and prevents your property from sitting on the market. Find out more about selling by the modern method of auction by contacting our team on 01634 570057.

Free property valuation

Discover how much your property could be worth with a free, no-obligation property valuation. Book an appointment, and one of our local experts will be in touch.

Recent Articles

Is summer a good time to sell your home?

Posted on by Sophie Winter

Deciding when to sell your home can be challenging. We understand that sellers want to move at a convenient time while also aiming to maximise the sale price for their next property.

Although the property market is active year-round, the summer months are especially advantageous and popular for listing your property for several reasons.

Stable property prices

We recognise that some homeowners have been more hesitant about selling recently. There has been uncertainty regarding future property prices, and sellers naturally aim to secure the best possible price.

While some might believe their property could sell for more if they wait for the market to grow, they also risk getting less if prices decline. A stable market is not only safer for sellers but also attracts typically cautious buyers.

Reassuringly, the average property price in June barely changed since May (a difference of less than 0.0%) and is up 0.6% compared to this time last year, suggesting that prices have stabilised for now.

With property prices currently stable, now is an excellent time to book in a free property valuation from a local selling expert.

Show summer highlights of your property

Summer is the ideal time to showcase your outdoor spaces, so consider sprucing up your garden with some light gardening, lawn care, and staging of garden furniture.

The sunny weather naturally brightens viewings, providing an opportunity to highlight features such as skylights and bay windows.

Photographs taken during this season will benefit from natural light and better weather, making your property more appealing and creating a strong first impression on buyers. Prospective buyers will also enjoy exploring the local area more during summer.

Good time for families to buy

Many potential buyers are likely in the same situation as you, wanting to move before the year ends. This increases the chances that your house could be quickly sold to someone aiming to move before the colder months.

If your property is spacious, it might be perfect for a family wanting to move while their kids are on summer break. This timing would allow them to enroll their children in their new school early in the academic year, or even before the term starts.

Moving in the summer is also more convenient due to clearer weather, making it easier to move your belongings. Some potential buyers may have waited until summer to move for this very reason.

If you want to move this year, it’s essential to take action now.

Selling your property takes time, so it’s best to start as soon as possible. Given that the conveyancing process can take on average around 12 weeks, plus the time needed for the buyer to secure a mortgage, you’ll need to act now if you want to move before winter.

Earlier this year, it took an average of 78 days to find a buyer. By May, this wait time had decreased by 28 days, with Rightmove reporting an average of just 60 days to secure a buyer.

Listing your property for sale now increases your chances of finding a buyer quickly. Get started with a free, no-obligation property valuation from our local experts to get an estimate of your property’s market value.

Recent Articles

Switching estate agents: could a fresh approach be the key to selling your home?

Posted on by Sophie Winter

Maybe things started off well, but now viewings are sparse. You might feel your agent’s initial enthusiasm has dwindled, or perhaps you’re questioning if your home was overpriced initially, especially if you’re now being urged to make a significant price reduction.

Being stuck on the market is frustrating, especially when you see your neighbours selling their homes and moving out. It might be time to consider a new strategy. But how can you be sure that switching estate agents will improve your situation?

In this week’s blog, you’ll find all the information you need to switch agents confidently and choose the best one to get your sale back on track.

What is your reason for switching estate agents?

People switch estate agents for various reasons, and some of the most common ones we hear when they come to us include:

  • Their plans have changed, making the move more urgent.
  • Their home has been on the market for a long time with few or low offers.
  • They’re disappointed with the marketing of their home.
  • They’re getting no viewings and no new enquiries.
  • They’re being pressured to reduce their price significantly from the initial valuation.
  • They don’t enjoy communicating with their agent, or the relationship is strained.
  • They’ve lost confidence in their agent’s ability to find a buyer.

If any of these relate with you, switching estate agents could be your next step. Remember, there’s no such thing as an unsellable home, and it’s never too late to start fresh.

What are the benefits of switching estate agents?

Even if your home has been on the market for a long time, switching estate agents might seem like an unnecessary hassle. After all, don’t all buyers just look at the same property portals these days? Isn’t one agent much the same as another?

Actually, there are several benefits to changing estate agents, including:

  • Your property will be reset as a new listing on the property portals (if you stayed with the same agent, you’d have to take it off the market and wait 16 weeks to regain that status).
  • New photos taken from different angles and a new description can make your home look fresh on the market, catching the eye of buyers who may have missed or discounted it before.
  • You’ll have the benefit of hindsight and experience to ask the right questions of your next agent (more on that later).

Switching estate agents can also replace any feelings of resignation with renewed confidence in your move. Whenever you’re feeling stuck, taking action is always the answer.

Review your current agents results and performance

When considering a change of estate agents, take a moment to reflect on your time on the market, examining the interest you’ve received and your experience with your estate agent.

  • How was the communication when booking viewing appointments, providing feedback, and staying in touch?
  • Were you greeted warmly whenever you called, or did you feel like a nuisance?
  • Are your photos and description a good combination that does justice to your home and entices people to view?
  • How many viewings has your agent arranged, and how does this compare to other homes they are marketing?
  • Has your estate agent successfully sold homes similar to yours in the area, or does your listing seem out of place among their others?
  • Is your asking price the one your agent advised, and does it reflect recent comparable sales in the area?
  • Has your estate agent made any suggestions about presentation, either initially or in response to viewer comments?

Choosing a new estate agent

If you’ve decided to switch your estate agent, consider these tips to help you find your new selling agent:

  • Search property portals for homes similar to yours and check the agents’ websites to find the best marketing strategies.
  • Contact your second and third-choice agents from your initial valuation to get their updated thoughts on price, market conditions, and their sales strategy.
  • Look around your local streets for signs from other agents selling homes like yours.
  • When agents visit your home, do they support their suggested asking price with recent comparable sales?
  • Review their terms of business for contract lengths, notice periods, and whether any costs are payable upfront or if it’s completely no sale, no fee.
  • Try asking them to lower their commission rate – not necessarily to pay less, but to identify the strongest negotiator. The best agents typically aren’t the cheapest.
  • Lastly, consider which agent’s company you enjoyed the most. Your relationship will last several months, so choose someone you trust and enjoy speaking to each week.

How to switch estate agents correctly

Once you’ve chosen a new estate agent to take over the sale of your home, follow these steps for a seamless transition:

  • Provide written notice to your current agent according to the terms of your contract and request a confirmation response.
  • Obtain a list of the names of people who’ve viewed your property so you can inform your new agent and avoid potential double fees.
  • Instruct your current agent to transfer any keys they hold to your new agent.
  • Ask your new agent for recommendations on minor repairs or presentation improvements to prepare for their new photographs.
  • Discuss with your new agent the best strategy for selling your home—whether to switch and relaunch on the same day or take a short break from the market.

With these steps, you’ll ensure a smooth transition and a fresh start to get your move underway.

Is it time to switch estate agents?

If you’ve read this far, you’re likely considering your options for switching estate agents and getting your home sold. If so, we’d love the opportunity to show you how we can help you find a buyer and get your move underway.

Give us a call on 01634 570057 or book an appointment online to share your plans with us and see how we can help.

Recent Articles

How long does a valuation take?

Posted on by Sophie Winter

When looking to sell your home, getting at least one valuation is essential for determining a reasonable asking price. But what exactly is involved in a valuation? Who conducts it, and what’s the typical timeframe for a house valuation?

Our team of property experts have created this easy-to-read guide to provide you with the answers you need.

What to expect at a valuation

As an estate agent we will assess your home’s worth based on factors like its location, condition, market trends, and size.

We advise that you prepare your home for valuation much like you would for a viewing: clean, tidy, and decluttered to showcase its best features. Our property partners will take photographs for advertising purposes at a later date, but you want to showcase the full potential of your property so that we can decide on its maximum value.

During the valuation process, you can take advantage of the opportunity to ask advice on any minor repairs or cosmetic improvements that might improve your chances of making a sale.

At the valuation’s conclusion, we will provide you with an estimated value, possibly in a range (e.g., £220,000 to £227,000), giving you the discretion to set the asking price. We will also share details of comparable local sales and listings to provide context to our valuation.

An accurate valuation is important for a successful sale, and as local agents we are much better placed to provide a valuation that reflects the current market, supply and demand and local trends accurately. It’s important to note that, a property valuation differs from a mortgage lender’s valuation, which is typically less comprehensive.

Contact us today for a complimentary property valuation!

What are we looking for during a property valuation?

When valuing your home, we will take into account the following factors:

  • Location – As a local estate agent we have an excellent understanding of the area, including knowledge of the most sought-after road and postcodes. Factors such as proximity to amenities, transportation links, flood risk, and access to green spaces are all taken into consideration.
  • Property type – The demand for different types of properties varies across time and regions. Period properties might be highly sought after in some areas, while modern homes are more popular in others. As an estate agent, we understand the local market and current trends which is crucial for accurately valuing your property.
  • Number of bedrooms – Generally, a property with more bedrooms will be valued at a higher price, even if another property in the same area has more floor space or a larger plot. However, if a property has a lot of bedrooms but limited living or outdoor space, the asking price may be lower than a comparable property with a better balance. Families searching for ample space throughout the home are often drawn to properties with multiple bedrooms.
  • Parking – Off-road parking is a valuable feature that can increase a home’s value by approximately 10%. Not only does it offer convenience, but a parking space or drive can also lower insurance costs.
  • Property condition – Significant issues like damp or a damaged roof can reduce a property’s valuation. Buyers often factor in the estimated cost of necessary repairs or improvements when making offers. Therefore, the asking price should align with the property’s condition and the costs associated with improving it.
  • Recent sales of similar properties – As an estate agent, we rely on information about recent sales of comparable properties in the area to determine the appropriate asking price. These sales reflect current market conditions, buyer preferences, and demand for various property types.
  • Plot size – If you have land with your property, our experts will offer an insight into the value of land and property per square foot in your specific location. Typically, the larger the plot of land on which a property stands, the higher the asking price.

If you have land that you are looking to sell, please get in contact with our Land and New Homes Department on 01634 570057.

How long does a valuation take?

We typically recommend allocating about thirty minutes to an hour for a house valuation. Although it may be completed in as little as 15 minutes!

We always recommend allocating some extra time, so you have the opportunity to ask any questions regarding the sale. Remember a valuation is not only about getting an idea of the price. It’s also an opportunity to get some tips on how to help your home sell and to see if you like an estate agent. Consider asking the following questions to help in your decision-making process:

  • Have you recently sold any properties similar to mine?
  • What is the average duration for selling a property in your experience?
  • Have you sold any homes on my street or nearby?
  • Can you suggest any repairs or enhancements that could benefit the saleability of my home?
  • What services are included in your fee?
  • Do you provide professional photography services?
  • Do you have any client testimonials or reviews available for reference?

How long is a valuation valid for?

A property valuation typically remains valid for six months. The housing market can change quickly. So, if you do not sell within six months of having your home valued, it’s a good idea to get it valued again. Additionally, it’s advisable to request a fresh set of valuations if significant changes are made to the property. Even minor home improvements have the potential to impact the property’s value positively.

Who can value my property?

Property valuations can be conducted by either an estate agent or a qualified surveyor. It’s advisable to obtain valuations from two or three professionals to gain an accurate understanding of your home’s value.

It’s important to note that opting for the highest valuation isn’t always the wisest decision. Some estate agents may inflate property values to secure your business, and overpricing can result in underselling.

Are you looking for a property valuation?

If you’re thinking about selling or want an estimate of its potential value, feel free to reach out to our experts today. Fill out this quick and easy online form and our team will be in touch.

Recent Articles

A guide to downsizing your home

Posted on by Sophie Winter

After dedicating years to climbing the property ladder, the idea of moving to a smaller home may leave you feeling unsure. However, downsizing not only offers immediate financial benefits but can also lead to long-term savings and open up new opportunities.

To help you in make an informed decision, we’ve compiled a comprehensive guide to downsizing your home. Drawing from our extensive experience in helping hundreds clients through this process, we offer valuable tips and strategies to support you along the way.

Is it worth downsizing your home? 

Determining whether downsizing your home aligns with your needs is a decision that rests solely with you. Before reaching a conclusion, it’s crucial to weigh various factors, including your financial situation and space requirements. Here, we’ve gathered some of these considerations along with responses to common questions asked by our clients.

What to consider when downsizing your home

When thinking about downsizing your home, it’s essential to take into account various factors. Before making a decision, consider the following:

  • Your finance: Downsizing could lead to a smaller mortgage, resulting in reduced monthly payments or even achieving a mortgage-free status. Additionally, there may be savings on council tax, heating, and electricity expenses.
  • Maintenance: Larger homes often require more upkeep, which can become overwhelming. If you’re feeling burdened by maintenance tasks, a smaller home might be more manageable.
  • Your new home: Remember that this is still a move. Can you afford the property you want? Do you know what you want from your next home? 
  • Associated costs: Each move has its own expenses, including removal costs and stamp duty. It’s crucial to factor these costs into your decision-making process.
  • Flexibility: Consider whether having extra space is essential for hosting guests, pursuing hobbies that require ample room, or potentially renting out space. Evaluate whether you’re willing to give up this flexibility.
  • Long-term plans: If you’re not sure where you want to live for the longer term, perhaps for your retirement, you may want to hold off on downsizing so as not to go through the upheaval of another move. This will also save you the costs of multiple moves. 
  • Motivations: Reflect on why you’re considering downsizing. Ensure that your decision aligns with your genuine motivations to prevent potential regrets post-move.

What happens to my mortgage if I downsize?

Depending on the value of both your previous and new homes, you might secure a reduced mortgage or none at all.

If the sale of your old home provides you with more than the value of your old mortgage, you can use the money to pay off that mortgage. You would then use the remaining money to take out a mortgage on your new home. Downsizing to a home of a lower value means that your monthly mortgage payments will be lower. Depending on the value of your old home and the size of your new mortgage, you may even have some money left over.

Alternatively, if the proceeds from the sale of your old home can pay off your old mortgage and buy your new home outright, you’ll have no mortgage at all! If you would like advice on your mortgage please contact our partnered mortgage broker The Residential Mortgage Hub – click here to book an appointment.

Is it worth downsizing to be mortgage-free? 

Every homeowner dreams of being mortgage-free, and downsizing presents an excellent opportunity to make that dream a reality. If the proceeds from selling your current home are sufficient to clear your mortgage and cover the expenses of your new property, you’ll enjoy:

  • Reduced monthly expenses: Eliminating monthly mortgage payments eases financial strain, particularly as retirement approaches.
  • Better financial security: Owning your home outright gives you increased financial freedom, especially if you’re approaching retirement. 
  • Greater opportunities: Freed from mortgage obligations, you can redirect funds towards savings, investments, luxury holidays, or providing support to family members.

However, it’s important to acknowledge that downsizing entails its own costs, and the decision involves your cherished home. While achieving mortgage-free status is undeniably appealing, it’s wise not to part with a beloved home unnecessarily.

Before making any major decisions, seek advice from a financial advisor and consult your mortgage lender to assess the most suitable course of action.

When to downsize your home

Deciding when to downsize is as personal as determining whether downsizing is the right choice at all. Ultimately, only you can decide the timing that feels right for you.

Some opt to downsize as soon as the move will help them become mortgage-free. Others wait until they begin planning for retirement, while some postpone until after retirement, once they’ve mapped out their next steps.

It’s important to consider that downsizing can lead to reduced monthly expenses, even if a mortgage is still in place. From a financial standpoint, downsizing sooner rather than later often makes sense.

On the other hand, if your children aren’t settled in their life away from home just yet, you may want to hang on to the extra space in case you need it. Alternatively, if they’ve started their own families, having space for visits or sleepovers with grandchildren could be a priority.

Ultimately, only you can decide when it’s time to downsize. If you’re uncertain about the financial implications, consulting a financial advisor is advisable to gain clarity and make an informed choice tailored to your needs.

Is now the right time to Downsize for you?

If downsizing aligns with your needs and the timing is right too, don’t hesitate to get in touch with one of our team members today to find out how we can help you downsize your home and start your next chapter. We have a proven track record of helping many clients in finding their ideal homes by listening to their requirements and using our local knowledge to find suitable properties.

Recent Articles

February revealed as the best month for selling homes

Posted on by Sophie Winter

Based on an analysis by Rightmove, the UK’s largest property website, February stands out as the optimal month for selling homes. Offering those who list a property for sale with the greatest chance of securing a buyer quickly.

The study, based on millions of properties listed since 2012 (excluding 2020 due to the Covid pandemic), revealed that, on average, homes listed in February took 51 days to find a buyer. This surpasses March by a day and aligns with January. Additionally, approximately 66.4% of homes listed in February successfully found buyers. This shares the top spot with April and narrowly surpasses March’s 66.3%.

Moreover, February listings show the highest probability of completing a sale and the lowest likelihood of being withdrawn by the owner. Rightmove emphasised that March also ranked high in the analysis. The data underscores that those preparing to sell at the onset of spring position themselves better for a successful move in 2024.

Whats happening in the current property market?

The current property market shows an 8% increase in the number of buyers contacting agents about homes for sale compared to the previous year, accompanied by an 11% rise in the number of new properties listed by sellers.

But we understand that you can’t always plan or predict when a move is needed. But for those who have the flexibility to move whenever desired we advise from our experience in selling homes the strength of the market is particularly higher at the beginning of the year. Ultimately, the best time to get moving is the time that’s right for you. And our team of experts are here to help you whenever you need us.

Want to find out how much your home is worth?

If you are considering selling your home or simply want an idea of what it may be worth – please contact our expert team today to see how we can help you. 

Recent Articles

Benefits of selling with an independent estate agent

Posted on by Sophie Winter

Despite the growing demand for properties in Kent, many homeowners still find selling their property to be a difficult task. In this competitive market, you need to make your house stand out from the rest of the crowd by effectively market your property, and manage numerous legal and administrative issues.

This is where the services of an estate agent are here to help. We have the expertise and proficiency to make the process much smoother. We will be able to help you to sell your home conveniently, faster, and at a better price. Hence, this is why most people turn to independent estate agents for support.

There are several benefits to selling your home with the assistance of an independent estate agent.

An independent estate agent is familiar with the area

When it comes to selling or presenting any property, local knowledge goes a long way. In comparison to an online or larger agent who doesn’t have this knowledge, an independent local estate agent, who is likely to have a database of potential buyers, who knows the market, and where you can get all of the required information and facts about the property, will deliver a more specialised and personalised service.

A knowledgeable agent can provide information that extends beyond knowing the local bus or train routes, which can easily be found online. They will be more familiar with the area. And their presence will allow them to not only attract buyers to the property itself but also highlight the appeal of the surrounding area. This enables them to effectively market properties using the most impactful strategies available.

Independent estate agents have built a name, trust, and relationships in the community

The fact that a local independent estate agent from the area is likely to be well-known and recommended has significant appeal. If they have assisted a number of other homeowners in finding their dream house or selling their property, they naturally inspire confidence and trust, qualities that individuals seek when navigating the process of buying or selling a house.

Additionally, having your property promoted or advertised by a local independent estate agency can greatly enhance its visibility. It can also ensure that information about your home spreads swiftly, reaching a broader audience.

An independent real estate agent will devote more time and attention to you

A local independent estate agent will dedicate ample time and personalised attention to your needs. In contrast, agents from larger firms often have specific targets and handle extensive portfolios. Consequently, they might lack in-depth knowledge about your property and struggle to fully understand your requirements due to time constraints. They may not have the opportunity to familiarise themselves with your home thoroughly, offer tailored advice, or help you enhance its presentation.

Opting for an independent estate agent can provide peace of mind when you’re selling your home or looking for reassurance throughout the selling process.

Final Thoughts

Do you want to talk to our team about the benefits of selling with a local and independent estate agent? You can contact our experts at CR Real Estate to learn more.

We would be delighted to hear from you and assist you with all of your estate agent requirements. We will provide you with the finest quality service and ensure you receive the best support that you deserve.

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Why reducing the price of your property could help you sell

Posted on by Sophie Winter

In previous years, decreasing your property’s price was viewed as unfavourable. It projected an image of desperation, potentially allowing buyers to exploit this and present unreasonably low bids. However, with the evolving property market, does this perspective still hold true?

Price reductions and the property market

Well, no not really. Since the last recession in 2008, attitudes toward reducing property prices have significantly eased. Given the dynamic nature of the property market, achieving absolute precision right from the start can be nearly impossible. Determining the appropriate market value for a property is essentially an approximation; there are no fixed guidelines or no crystal ball, just a rough estimate based on the seller’s and agent’s assessment of the property’s selling potential. Occasionally, adjustments are necessary, and in this age of technological advancement, a price reduction can, in fact, yield favorable results in your sales strategy.

It’s no longer stigmatised and won’t generate unfavourable perceptions about the property. Buyers may notice that the price has dropped; but they may view it positively, recognising your commitment to selling rather than interpreting it as a sign of desperation.

Why do some see it as a negative?

This could be down to our shift in our consumer mindset as it operates similarly when it comes to Property. Just as we’re accustomed to High Street stores frequently offering sales or shopping at designer outlets with clearly marked recommended retail prices (RRP) and discounted rates; we don’t devalue the clothing or decide against a purchase simply because no one else bought it from the original store; we merely accept it as an item we like and wish to acquire at a reduced price.

This same adjustment in our buying psychology might apply to the property market. When we encounter a property that has adjusted its pricing, we don’t automatically assume it’s inferior or that the sellers are desperate. Instead, we perceive it as a discount, a valuable opportunity. This perspective can motivate a hesitant buyer to make an offer they might not have otherwise considered. It may act as the gentle push they needed to take action.

What can a price reduction do?

Reducing the price, when required, can prove to be a beneficial strategy and may be the key to sealing the deal.

  • Revitalising the property’s marketing and promotion, including mailing campaigns and re-matching with potential buyers. This is similar to giving a post on social media a boost.
  • This approach introduces the property to a different pricing tier. Attracting a fresh set of buyers who may not have been aware of its availability, as it was previously outside their budget range.
  • For those who previously viewed the property at its higher price, the reduction might now align more closely with their perception of its value, potentially rekindling their interest.

Want to discuss your property?

A reduction in price can often unlock the path to a successful sale. Especially when your property has been listed for several months without any positive outcomes, despite all other efforts.

If you’re facing challenges in attracting viewings and are eager to sell your home, reach out to our property specialists. They can assess your marketing strategy and provide guidance to help you start receiving those coveted offers.

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