wallcoatings.org.uk: The NPA wallcoatings & paint Blog.

Well, it’s the start of the bank holiday weekend, what will YOU be doing this next 3 days?

Well, just to let you know that we are still available on email for quote bookings, and we will be running our voice mail service as usual, although please allow a few more days for us to respond, we are VERY busy at present! While I am at it, the people from houseweb.com asked us to publish this great article. So sit back and take a look…………………….

Selling Property in a Falling Market

Things have changed in the UK housing market in recent months – no doubt about that. But you can still sell your house in a falling market and selling privately makes even more sense when you need to maximise the profit from your sale.

The true cost of using an estate agent is not just the commission you pay them, an average of £5,500. To understand the real cost, you need to look at how much your property has increased in value since you bought it and what the agent’s commission represents of that figure. For instance, if you bought for £170k and sell for £200k, paying 2% commission at £4,700, that’s actually 16% of the £30,000 capital you have earned on your property. To work out the real cost of selling your property, try HouseWeb’s “Real Cost of Selling” Calculator here:

http://www.houseweb.co.uk/realcost.html

If the value of your property is falling, you might feel reluctant to let an agent take such a chunk of your capital, particularly if they do so little to earn that money. Selling privately costs as little as £47, a tiny percentage of your home’s value. A £199 package gets your property an online brochure with twenty colour photos, advertised on an extensive number of property websites (reaching up to three million house-hunters each month), plus a For Sale Board, important at any time, but vital in a falling market as you need maximum exposure in your own local area.

Think what you could do in your new home with the £5,500 you save in estate agents fees, which will stay in your pocket, instead of lining an agents. New kitchen, bathroom or garden makeover! Or to cover the other costs of moving house - removals, legal fees, stamp duty on the house you are buying. You could even use it to help secure your buyer – people often share the saving they make with their buyer – it’s a great negotiating tool too.

You might also be worried that there are no buyers out there. But there are always people who are looking to move because of changes to their personal circumstances – a new baby means that one-bedroomed flat just isn’t big enough, a new job makes a difficult commute impossible, or reaching sixty-five means downsizing to free up the capital to fund retirement.

So if you are want to sell but think now’s not the right time, think again. Putting your property on the market now could be a good tactic, particularly if you share the view of some housing market experts, that prices will fall further still. There are bargains out there to be had now and there are people who are looking to move but can’t find the right property. Is your property the one for them?

Selling privately gives you the option to find out with minimal risk. A small upfront fee and no commissions to pay. The best site to use is HouseWeb.com (www.houseweb.com). They‘ve been established since 1996 and pioneered private selling on the Web. It shows as their site is very simple to use and your property can be on the market within thirty minutes. This accounts for some of the time saved when selling privately versus an estate agent. Alliance and Leicester’s survey showed that the average time to sell privately is one month quicker than using an agent.

Finally, don’t forget your Home Information Pack (HIP) when selling. HouseWeb offer a very low cost HIP at £279+VAT – one of the cheapest on the market.

To visit houseweb for more info, please click the banner below.

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