How to Sell Your Home Fast in the Face of Stiff Competition from Hundreds of Houses for Sale in Bognor Regis
If you are in need of a quick and profitable home sale in Bognor Regis, you will need to set a competitive asking price and devise a thorough marketing strategy as there can be hundreds of houses for sale in Bognor Regis and the surrounding areas at any one time. This guide to the local property market of Bognor Regis, in South East England, is filled with tips and advice to keep you on the right track.
Like many seaside resorts in Britain, Bognor Regis has been forced to endure financial hard times. The rise of the foreign holiday decimated the local tourism industry, and this had a knock-on effect on both the economy and the housing market. However, there has been a resurgence in visitor numbers in recent years – fuelled partly by significant improvements to the Butlins camp.
Bognor Regis located in one of the most in-demand areas of England where a property is concerned. A combination of a revival in the town’s tourism fortunes and the South East property bubble has driven strong house price growth in recent years.
Selling homes in Bognor Regis requires a sensible approach to asking price
The rate of house price growth for houses for sale in Bognor Regis over the past few years has been remarkable. Indeed, it demonstrates just how vast the North-South divide has become regarding home prices. In Blackpool, for instance, house prices fell during 2014 and 2015. By contrast, home prices in Bognor Regis rose by eight percent between 2013 and 2014 taking the average price of property in the town to more than £210,000. But don’t let these statistics cloud your judgement, as local buyers are growing increasingly shrewd when it comes to house prices. If your aim is to achieve the best possible price as quickly as possible, you will need to set a highly competitive asking price.
Setting an initial asking price of houses for sale in Bognor Regis will depend heavily on what has been happening to property prices in your street during the last few weeks and months. Sold house prices will give you an indication of what people are willing to pay for a property like yours – and what your asking price should be. Estate agents usually carry out the necessary research on sold house prices, but you can do it all yourself by making use of the many different tools and resources that are available on the Internet. The government publishes data on sold house prices on The Land Registry website. You can access property transaction data for Bognor Regis on the Rightmove, and entering your postcode on the Zoopla website will give you access to house sales statistics for you specific street in Bognor.
Why you need to pursue a comprehensive approach to marketing when home selling in Bognor Regis
While house prices for houses for sale in Bognor Regis are rising, the demand for homes is a different story. According to the Home website, homes spent an average of 154 days on the market in January 2015 before selling. However, they spent an average of 161 days on the market in January 2016 – a rise of five percent. Demand for detached homes during this period was up, however, as detached property was selling 12 percent faster illustrating that, despite strong house price growth, you can’t afford to take anything for granted when you need to sell a property quickly in Bognor Regis. A thorough approach to marketing is essential.
Consider selling your home privately in Bognor Regis to minimise costs. There are plenty of resources and guides on the Internet to help you with the process. However, nothing beats the expertise and experience of an estate agent in an unpredictable market. Yes, an estate agent in Bognor Regis will charge a significant commission for their services, but this could be a price worth paying if it means your sale price increases by more than the fee you’re paying. Agents deliver skill, knowledge, know-how and contact, and these are all traits that can drive up the sale price for your home.
Regardless of how talented your agent is, there can never be any guarantees when it comes to the open market. A great many things can go wrong between receiving an initial offer and completion. If you need to sell a house quickly in Bognor Regis is your overriding concern, the home buying service from Flying Homes could be your best option. In the right circumstances, it is often possible for us to purchase a home in as few as seven days – and for up to 100 percent of market value meaning you can plan for the future – without having to worry about the many things that can go wrong when selling your property the traditional way. We also have information on a service similar to purple bricks, i.e., online estate agency so check it out too, before selling your home.
Is there a particularly profitable time of year to sell a house in Bognor Regis?
Most property experts will recommend that you sell your home at the time that best suits your plans – and not when you believe that sale prices are at their highest as there is little evidence to suggest that a productive time of year for house selling exists. Demand does usually fluctuate between different stages of the average year, but this doesn’t always translate to increases in price based on seasonality. The Home website has published data revealing that June was the busiest month of the year to October 2015 for completed house sales in Bognor Regis. Unfortunately, you can’t rely on this statistic repeating in future years.
Despite the fact that you probably can’t use the changing seasons to add value to your home, there is a chance you can use them to sell your home more quickly. For instance, creating beautiful gardens and outdoor areas in the summer will attract the attention of a lot of buyers. There is also a chance that harnessing natural light and choosing bright, pastel shades will make your home more appealing during the summer months.
What factors have the potential to increase prices of houses for sale in Bognor Regis?
Bognor Regis is a reasonably large town, and it has its in-demand areas and those where demand isn’t so buoyant. Unfortunately, these areas can often be separated by just a few streets, so you need to do your house price homework before listing your property on the market. If you aren’t in possession of the most recent property price data, there is a chance that you will miss out on value. While news headlines about house prices in Bognor Regis are a good starting point, they usually refer to the town as a whole – and not the neighbourhood variations in price.
There are usually several factors with the potential to increase house prices in a specific street or area. While it is very unlikely that you will be able to do anything to influence these factors, you might be able to use some of them in your marketing strategy if you live in the catchment area of a high-performing school. You’ll be able to market your home to parents who might be willing to pay a premium for it. There is also a possibility that low crime rates might inspire some buyers to pay a little more than the going rate for your home. Among the issues unique to Bognor Regis that might impact house prices is a significant new development for the town’s famous seafront.
About Bognor Regis
The seaside town of Bognor Regis located in the Arun district of the ceremonial county of West Sussex is a picturesque holiday resort on the south coast of England, 55 miles from London and 24 miles from Brighton. Among the other towns and villages that are close by including Felpham, Aldwick, Littlehampton and Selsey.
Bognor Regis was little more than a seaside hamlet until the opening of a railway station in 1864 prompting thousands of relatively affluent Victorians to travel to the area for sea air and a relaxing break. The town grew quickly during the following decades, and by the beginning of the 20th century, it had become one of the most popular holiday resorts in the British Isles. This success continued well into the century, culminating in the opening of the Butlins Holiday Camp in 1960.
Things to do in Bognor Regis
The seaside resort of Bognor Regis packed with great attractions features both shingle and sand beaches, and it has received several awards in recent years for its cleanliness. There is also a beautiful promenade which is perfect for long seaside strolls. There are also beautiful beaches to explore in the nearby villages of Aldwick and Felpham. The town is also home to many parks, two of which have national Green Flags. Hotham Park is a great place to take the family, as it is home to various picnic spots, a miniature railway and a children’s play area. If you want to explore the incredible history of this part of England, make sure you pay the Bognor Regis Museum a visit. Or if you prefer to spend your time pursuing more vigorous activities, there are plenty of watersports to enjoy. Enjoy a quick round at Bognor Regis Golf Club, or play tennis at Blake’s Road Sports Site. There is also a wide range of indoor activities to enjoy at the Arena Sports Centre. And of course, all the fun you’d usually associate with seaside resorts can be found on the historic seafront.
If you need a quick house sale in Bognor Regis, don’t take risks on the open market. By selling your home to Flying Homes, you can cut out the middle-men and drastically reduce the time required to secure a sale. Call us today to discuss your house selling requirements in detail.