I hope everyone is well and had a great Easter break.
For this month’s blog I thought I would look at 3 things to consider when selling your property at auction.
This may seem obvious but the first thing I always say to people is to make sure the property is clean and tidy. When I say that I am always very conscious that I could be sounding disrespectful or rude. That genuinely is not the intention and of course is no slight on the person asking the question. The reason I mention it is I have heard it in the past that it doesn’t matter when selling at auction as you don’t need to, the property is sold as seen. If this is even being discussed, there is a fair chance it was a previous tenant who maybe left the property in poor condition or possibly a property that was inherited. A good thing about giving the property a good clean is the opportunity to declutter. The less clutter in the room the bigger, brighter and more appealing it will look. If you are using ourselves to photograph your property, we will always ensure that anything that should not be in the photo and can be moved, will be moved. I hate to see things like mops and drying racks, if you are using a different agent, I would urge you to make sure that things like that are removed from marketing photos (same applies to a toilet seat being up but I am going off on a tangent here).
When decluttering, it is always worth remembering that not everyone can envisage what the property will look like then they have decorated it. Having a few nice personal items to show it looking like a homely home is no bad thing, just not too many of them.
The next thing to think about when selling is the condition of it. When decorating a property prior to selling at auction there is a balance to be struck. Of course, you want it looking good and ideally as bright as possible. The balance to be had though is how much time and money you spend doing it. In a lot of cases, small blemishes or imperfections in properties will be how prospective buyers will see value that can be added to it. If you have got the time and the money, a fresh lick of neutral paint can be all that is needed to make the place look appealing without it costing too much or taking up too much time. Anything more than that, doesn’t always make financial sense to do it. Spending £10k on a new kitchen and bathroom doesn’t always equate to an increase in value of the property of £10k, particularly at auction when it is common for experienced contractors or developers to buy properties to do them up and can do so at a fraction of the cost Joe Public can do it for.
Finally, first Impressions count. With that in mind you can’t ignore the outside and shared areas. It might not be your job or your turn to sweep up or clean up the communal areas however it is you that will benefit from it, so it makes sense to do it. Anything you can do to tidy up any garden areas is recommended. A survey in 2019 of more than 2,000 UK adults conducted by YouGov, revealed the most important features for kerb appeal were well-maintained windows and a roof that appeared in good condition. A well-maintained front garden, pathways and fences and a well-painted frontage were also important. Most buyers make up their mind about a property within a few minutes. There will be things out with your control or are too expensive to put right, the things you can do though, you should.
I think that covers off the main things that spring to mind on this subject. I hope you found it useful and as always, if you want a chat about anything in this blog or want me to cover any other topic in future blogs I would love to hear from you.
I hope you all enjoy the rest of April and fingers crossed by the time next months blog comes along, we will be even closer to having our normal lives back again!
All the best