When it comes to selling homes, it is always best to know what buyers are looking for. At Bond Oxborough Philips, we are pleased to say that we have helped many vendors in Holsworthy prepare their home with the right buyer in mind. This makes it easier to find interested buyers and can make the sales process run more smoothly. While we have considerable experience in this area, it is also important to be aware that trends and tastes change, and it may be that the modern homebuyer in the UK is more realistic about what their money can buy.
A recent study undertaken by a home insurance firm suggests that eight out of 10 respondents have said they are looking to buy a property that requires remodelling while four out of 10 respondents have said they would be more than happy to purchase property that requires extensive repair and redevelopment work. Only one in 10 respondents said they were looking to buy their ideal home, and this could mean that buyers are now looking for something different when it comes to the property market.
Homes don’t have to be perfect to be sold
It is easy to see why so many prospective buyers state a preference for homes that need to be fixed up as opposed to homes that are perfect. Homes that need work undertaken should be more affordable. Buying a home is expensive and finding a more affordable house makes sense. Lowering the amount of money that needs to be found for a deposit is of benefit to buyers as is lowering the level of monthly payments that need to be made for the mortgage. All buyers should be looking to find more affordable options when buying a house and it appears many buyers are keen to buy a home that needs work when buying property.
There will be work associated with these homes later, but homeowners may be able to spread out the cost of this work or they could carry out work in stages to lower the amount of money that they need to pay at any one time. When it comes to finances, a lot of people prefer the idea of spreading their expenditure out as best as they can, and it is natural that a growing number of buyers are approaching the property market in this manner.
Vendors can find benefits in this situation too
When it comes to selling homes, vendors shouldn’t feel as though they need to reduce the quality of their home to enhance their chances of making a sale. However, if there are vendors who have been thinking about selling their home and have held off because they don’t believe buyers are looking for a home in the condition that their home is in, it may be time to reconsider selling the property.
There is a market for homes in all shapes and sizes, and all conditions, which means that homes that are poorer in quality can still be placed on the market with confidence. Vendors with homes in this condition may receive a smaller fee for their property but they can speed up the sales process and they can also minimise or completely remove the amount of money they need to spend in improving their home.
If you are looking to sell your home in Holsworthy, call on Bond Oxborough Philips and we will do what we can to help you reach your ideal buyer.