How to Sell Your Home When There Are So Many Houses for Sale in Newtonabbey
The Newtonabbey housing market is recovering well after some tough years. If selling via an estate agent then you will need to leave no stone unturned when it comes to your marketing strategy. Not only that, you will need to set an asking price that accurately reflects what is happening in your local property market. This guide to the local market is filled with information and tips designed to find you a buyer as quickly as possible.
After a torrid time, the Belfast housing market is finally recovering. House prices and demand collapsed following the Credit Crunch of 2008, and they have been slow to recover. However, with property values now rising steadily, this could be a good time to sell a house in the area. But you can’t afford to take things for granted when it comes to timescales. If you need to sell a property quickly in Newtonabbey, you might need an alternative to selling the traditional way. At Flying Homes, we buy houses in any condition for up to 100 percent of their market value. We have developed a system of house buying in the UK that cuts out the open market completely, so you can plan for the future with confidence.
Why you need a sensible asking price when selling houses in Newtonabbey
There is no doubt that house prices and demand for homes in Newtonabbey are moving in the right direction. The next few years are finally going to have some good news in store for homeowners in the area. According to a recent article on the Irish News website, house prices in Northern Ireland increased by six percent during the year to August 2015. This took the average price of a house in the country to around £113,000. In the Antrim and Newtonabbey area, the average property value was around £117,000, which represented an annual increase of six percent. But despite this good news, the recovery is still at a fairly fragile stage. If you want a quick sale at the best possible price, the initial asking price you set is very important.
The optimum asking price is dependent on recent sold house prices in the area. It’s important to remember that property values can fluctuate quite significantly from street to street, so you should do your house price research before setting your asking price. Most people will leave this vital work to their estate agent, but you can get involved yourself by researching sold house prices using The Land Registry web portal. There is a wealth of house sales information available from Rightmove, and the Zoopla website allows you to access property transaction data for your area of Newtonabbey simply by entering your postcode.
A comprehensive marketing strategy is essential for a quick and profitable house sale
Despite rising house prices, there is evidence that the demand for homes in Newtonabbey is actually falling. According to data on the Home website, houses spent an average of 286 days on the market in Newtonabbey in January 2015. However, fast forward to January 2016, and the same houses were spending an average of 322 days on the market. In other words, the time the average house in Newtonabbey spends on the market has risen by 13 percent in just 12 months. This could suggest that local buyers are worried about paying over the odds for property. People are shopping around for the best deals, and showing patience in their search for the perfect home. If you have to sell a house quick in Newtonabbey, you will need to maximise your home’s reach with a comprehensive marketing strategy.
If you are selling on the open market, the safest house selling option is to sell with the help of an estate agent. Whilst this option can be an expensive one, it does mean you get the expert services that can add value to your home. An estate agent in Newtonabbey will use a combination of experience, local knowledge, contacts and negotiating experience to secure you the best deal possible. You can, of course, sell your house privately, but you need to make sure you know what you’re doing if you are determined to fulfil your home’s price potential.
If selling your house quickly in Newtonabbey is your top priority, you might not want to take the risk of waiting for a buyer to be found on the open market. But don’t worry, as the express property buying service from Flying Homes could be the answer. We have developed a house buying process that cuts out the market – and completes property transactions in as few as seven days. We take care of everything – from the initial valuation to completion – so you can concentrate on planning your next move.
Is there a particularly profitable time of year to sell a house in Newtonabbey?
The short answer is no. House prices don’t tend to change with the seasons. This means that, unless you know of an imminent development or regeneration plan in the area, you should sell your home at the time that fits in with your plans for the future. Demand for homes on the open market can rise at fall at different times of the year, but predicting these fluctuations is a tough job for even the most experienced of property professionals. You can, however, find a buyer for you home more quickly by widening the appeal of your home in line with the prevailing season. For example, spending some time and a little money on your gardens and outdoor areas could make your home appeal to the summer priorities of house buyers.
Which factors can increase house prices in Newtonabbey
Newtonabbey is an urban area of more than 60,000 people, so it stands to reason that house prices will fluctuate quite significantly, depending on where you look. Although many reports suggest that property values in the area are rising steadily, it’s still a good idea to ascertain what is happening in your street before starting to make major decisions. Check what houses have been selling for in your street over the course of the last three months, and set your price expectations accordingly.
The issues that have the potential to positively influence house prices in Newtonabbey are wide and varied. And although you probably won’t be able to influence these issues in any way, you can use many of them to create a more targeted marketing strategy. So, if you live in an area that has some great schools, targeting your marketing plan towards buyers with children could secure you a premium for your property. It’s also a good idea to include low crime rates in your marketing materials and pitches, as most buyers will be prepared to pay a little extra to live in low-crime areas. The local issues with the potential to increase house prices in the future include a plan to regenerate a residential area in Newtonabbey and the local improvements to be made as part of the Newtonabbey Regeneration Strategy.
About the town of Newtonabbey
Newtonabbey is a large urban district located on the northern edge of Belfast in Northern Ireland. Separated from the rest of the city by the M2 motorway, Newtonabbey is widely thought of as a major suburb of the capital. The area had a population of more than 62,000 according to the 2001 census, which makes it the third largest urban centre in Northern Ireland.
Newtonabbey is mainly residential in nature, but there are some IT and engineering firms in the area. Most people are employed nearer the centre of Belfast; however, there are several hundred jobs based at several retail and leisure developments – including the Abbey Centre, the Ballyearl Arts and Leisure Centre, Theatre at the Mill, the Glengormley Sportsbowl and the Valley Leisure Centre. The University of Ulster is also a major employer in the area. The Newtonabbey Borough Council has been merged with the nearby Antrim Council as part of restructuring plans agreed by the Northern Ireland Executive.
Things to do in Newtonabbey
Although Newtonabbey is largely a residential area, there is still plenty to do and see in the area. For instance, Antrim Castle Gardens & Clotworthy House are nearby, and they offer a great combination of stunning architecture and beautifully landscaped gardens. Take a picnic to Antrim Loughshore Park, and enjoy a range of water-based pursuits or a relaxing stroll around the grounds. One of the local landmarks is the Antrim Round Tower, which is a 10th century tower that stands 28 metres tall. The Barbican Gate Lodge was built in 1818 as part of a major remodelling of Antrim Castle. If you have kids in tow, spend a day at Crosskennan Lane Animal Sanctuary or Clementsmount Fun Farm. Or if you’re looking for some retail therapy, make sure you take a shopping trip to the Abbey Centre, which is home to more than 70 retail stores.
The housing market in Newtonabbey is improving, but you can’t take a quick sale for granted in Northern Ireland. Flying Homes can buy your home in its current condition. Call us today to arrange a no-obligation valuation of your home.