The amount of time your property spends on the market is heavily influenced by the asking price. Too high, and viewings will be hard to come by, too low and you’ll have buyers queueing outside your door – leaving you feeling as though you undersold yourself.
Knowing the realistic value of your property is the starting point for most activity. There is a fine line between overvaluing your property and it staying on the market for too long – and undervaluation that leads to a quick sale.
Property valuation factors
Here at Naylors, we have done a number of property valuation over the years. We take into account a whole range of factors that make up the price; here are some of the main ones:
— First of all, the appearance of the surrounding neighbourhood. The difference between a well-maintained area and one on a busy main road can be the difference for some viewers.
— How spacious the property is, the number of bedrooms, the size of the lounge/kitchen area.
— It is becoming more common for new homeowners to put their own stamp on newly acquired properties. So what is the potential for expanding or modifying? If for example planning permission has already been granted for an extension, this would be taken into consideration.
— For families, a home in a popular catchment area is very important. This makes it integral to the property’s value.
— Garden size. Again, particularly important for family-sized housing but a well-maintained south-facing garden can be important to all buyers.
— The ‘wow factor’. This can be hard to define, but what sets the property apart from others on the street? Does yours have a newly fitted kitchen, a master bedroom, bay windows?
With expertise in Market Harborough and the surrounding area, Naylors’ valuation team is here to advise you on the right price that also takes into account your personal circumstances.
As well as giving you an accurate valuation, we can also advise you on small and simple changes that will improve the speed of the sale or maximise value.
To book a valuation with Naylors estate agents call 01858 450 020 today.