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Thursday, December 26, 2024

The do’s and don’ts of making a profit in the Lancashire property market

If you’re an investor, real estate agent or private individual in the process of selling a property in Lancashire, you may be finding it both exciting and stressful. Whether you’re selling up because of upsizing, downsizing, or simply to invest somewhere else, there are several key tips you can use to successfully offload a property in the Lancashire market

Do: Prepare your home for sale

Before you can even consider placing your Lancashire property on the market, you need to be sure it’s in good shape. You could begin by decluttering and possibly even depersonalising your space. This can sometimes help potential purchasers envision themselves living there because they’re looking at a blank canvas instead of a lived-in home.

You could also hire a professional house cleaner, who may also have specialist equipment to help ensure your property is cleaned top-to-bottom.

Don’t: Overprice your property

You can be forgiven for believing your property is worth more than it actually is; after all, it’s where you’ve formed precious, life-long memories and invested a lot of time and money.

However, overpricing your home is unfortunately one of the biggest mistakes you can make while selling your Lancashire property. To prevent this, you should thoroughly research the local property market and choose a realistic asking price. It may also help to invest in a professional valuation of your home, to make sure the figure you have in mind is reasonable.

Do: Choose the right estate agent

Choosing the right estate agent can sometimes mean the difference between an easy, smooth, and successful sale or a long-winded, stressful, and unsuccessful attempt. You should perform your due diligence to ensure that your preferred agent comes with a proven track record in the Lancashire property market. Take care not to be overly swayed by low fees or large valuations, and instead consider how well the agent communicates with you and how much experience they have selling homes in your area.

A seasoned estate agent will offer honest, realistic advice, have an existing network of prospective buyers, and be available to answer any questions you have about the property selling process. If you’re thinking to yourself, “I want a faster way to sell my house,” you could consider researching online property-buying companies, that may be able to send you a free cash offer within minutes.

Don’t: Hide any faults with your property

It is undoubtedly a bad idea to attempt to conceal any known flaws about your property from prospective buyers. You should be open about both big and small issues with your home, like a leaky roof during rainstorms or structural instability. Not only is it the ethical thing to do, but it also ensures you won’t face lengthy and costly legal complications in the future. Being honest about problems with your property can also assure the buyer that you are a trustworthy seller and won’t necessarily mean that they will back out of the sale.

When it comes to generating a return from a property situated in the Lancashire region, you should do your due diligence as well as incorporate some of these tips into your selling strategy. This will help make your property appealing to a variety of demographics and maximise the chance of getting a sale.

Helen Greaney
If you have interesting things happening at your company in Lancashire, I'm the news editor here and I'd love to hear it. I'm a senior journalist with more than 18 years' experience in local, regional and national newspapers, as well as in digital PR.
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