Private House Sales |
1. Setting the price, you don’t want to undersell but you also do not want to overprice your property, this will result in no enquiries at all.
2. Viewings, you will have to do all the viewings yourself so be prepared.
3. Marketing, where are you going to advertise the sale of your house
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Without doing the dirty and getting local agents to value your house with no intention of using their services why no do what they would do? Remember, you want to sell your house not just market it. We recommend using some tools that are found on the major websites in the UK, below is a link for you to click.
http://www.rightmove.co.uk/house-prices.html
When you search via the postcode you can see what properties have sold nearby and the best thing is for what, this is a great tool for giving you a rough valuation, other things though that must be taken into consideration are:
Property type: A detached house will be of greater value than a terraced or semi detached, an ‘End of Terrace’ property would be worth more than a mid terrace etc. In some area bungalows can also hold a premium.
Location: Properties can be worth more If they are situated in a quit area, nearby shops and amenities, near local trasnsport links etc, parking, south facing garden etc. Views are also sought after and hold a premium.
Below is an example of a search for the postcode NW4
| Street Address | Number Of Sales | Average Price Paid |
|---|---|---|
| Albert Road, London, NW4 | 1 | £342,500 |
| Alexandra Road, London, NW4 | 5 | £236,600 |
| Algernon Road, London, NW4 | 2 | £243,500 |
| Allington Road, London, NW4 | 1 | £615,000 |
| Alwyn Gardens, London, NW4 | 3 | £213,333 |
| Aprey Gardens, London, NW4 | 1 | £456,250 |
| Ashley Close, London, NW4 | 2 | £727,475 |
| Ashley Lane, London, NW4 | 4 | £1,221,250 |
| Audley Road, London, NW4 | 9 | £362,556 |
| Babington Road, London, NW4 | 1 | £449,000 |
| Barford Close, London, NW4 | 2 | £361,250 |
| Barton Close, London, NW4 | 2 | £220,000 |
| Beaufort Gardens, London, NW4 | 1 | £550,000 |
| Bell Lane, London, NW4 | 5 | £302,100 |
| Belle Vue Estate, London, NW4 | 6 | £178,325 |
| Bertram Road, London, NW4 | 4 | £333,250 |
| Boyne Avenue, London, NW4 | 4 | £416,897 |
| Brampton Grove, London, NW4 | 10 | £1,016,000 |
| Brent Park Road, London, NW4 | 2 | £284,475 |
| Brent Street, London, NW4 | 11 | £311,818 |
| Burroughs Gardens, London, NW4 | 1 | £325,000 |
| Cedars Close, London, NW4 | 2 | £1,946,500 |
| Central Circus, London, NW4 | 1 | £340,000 |
| Chatsworth Avenue, London, NW4 | 3 | £486,333 |
| Cheyne Walk, London, NW4 | 1 | £460,000 |
There are 7 pages of results for that postcode so you could narrow that down with the rest of the postcode. If I click on the 2nd result we get the following
| Sale Date | Address | Type | Tenure | Price Paid |
|---|---|---|---|---|
| 19 Sep 2011 | 31b,Alexandra Road, London, Greater London NW4 2SB | Terraced | Freehold | £375,000 |
| 16 Aug 2011 | 76,Alexandra Road, London, Greater London NW4 2RY | Flat | Leasehold | £160,000 |
| 03 Aug 2011 | Ground Floor Flat 78a,Alexandra Road, London, Greater London NW4 2RY | Flat | Leasehold | £248,000 |
| 29 Jul 2011 | 29a,Alexandra Road, London, Greater London NW4 2SB | Flat | Leasehold | £160,000 |
| 04 Feb 2011 | 31b,Alexandra Road, London, Greater London NW4 2SB | Terraced | Freehold | £240,000 |
As you can see it give you some great info, the date of the sale, the sold price and the property type.
You will also have to consider what improvements you have made to the property, remember though you might not get back all the money you have invested in the property.
2. Viewings
Viewings are easy to do, you know your property better than any agent so you are best qualified to conduct the viewing. Think about it first, what order are you going to show buyers round, show the best rooms first or last. Remember to get their details so you can call them within 48 hours to see what they thought of the property.
3. Marketing
Of course you have to start with the internet, there are many sites that offer private house sales, you generally pay an upfront fee which keeps your property listed indefinitely, you would upload the property description yourself and the photos, you also list a phone number as well for contact, or an email address. The main site that advertises property in the UK is Rightmove.co.uk, as a private seller you would not be permitted to market your property on their website. we 100% recommend a for sale board for your marketing, a quick search on google will provide you with various sites offering custom made signs, here is one for example: http://www.elmleaf.co.uk/src/for-sale-signs.php
Many sellers have reported success with local newspaper advertising, drawbacks though are the are quickly thrown away and can cost alot of money
Get listed on Rightmove.co.uk
There are ways that you can get listed on rightmove but without using a local estate agent, they are called Online estate agents, one very popular website that has been operating since 2001 is called MyPropertyForSale.co.uk, they charge £299+vat to list your property for 365 days on rightmove, zoopla, primelocation and findaproperty. This is massive exposure and will generate lots of interest for your property. A for sale sign is £20+vat and they handle all calls 7 days a week, you still do the viewings yourself though, this is surely the future of estate agency. If you do appoint them as your estate agent please mention you found them on the ‘Private House Sales’ website, their phone number is 0800 158 4144.