Selling Houses When You’re Competing with Hundreds of Houses for Sale in Stockport
The Stockport property guide is full of tips and advice for the local property market. The guide should get you off to the best possible start when selling a house in Stockport. The local property market is highly competitive, and securing a quick house sale is not a foregone conclusion despite recent house price growth.
Stockport house prices took a steep tumble just after the banking crash of 2008, but they have been recovering well since 2012. However, if you need to sell your house in Stockport, you’ll still need to navigate some tricky issues on the open market. However, by selling your property to Flying Homes, you can avoid the pitfalls of the open market altogether. We are house buying specialists who can pay up to 100% market value for residential property. We buy on behalf of cash-ready investors who are ready to complete the purchase of your home as soon as UK property law allows.
SETTING A REALISTIC ASKING PRICE WHEN SELLING HOUSES IN STOCKPORT
Stockport’s housing market has been at the forefront of house price growth in Greater Manchester over the last few years. According to an article on the BBC News website, house prices rose at a faster rate in Manchester than they did in London during the first quarter of 2014. And because more value can be found in Stockport, an increasing number of buyers have been turning to the town for a more affordable cost of living. The result has been growing demand, rising house prices and increased exposure as a great place to live. This phenomenon was underlined in a recent article on the Manchester Evening News website in 2013, which revealed that, whilst houses in the likes of Rochdale, Bury and Oldham were falling sharply, Stockport property values were demonstrating exceptional rates of growth. That said, there are several reasons why setting a realistic asking price is still essential in the town.
During the last recession house prices in Greater Manchester took a steep tumble, and they were originally slow to recover. Although there have been signs that a recovery is now fully established, banks and mortgage providers are still nervous about lending. Moreover, the buyers who already have their finances in place are prepared to sit it out and wait for a bargain. You will only sell your house quick in Stockport on the open market if you have researched local sold house prices and set a competitive asking price. If you have an estate agent, this will be done for you. However, you can do your own house price research on Zoopla. There are also property transaction statistics for Stockport to be found on the Rightmove website, as well as on The Land Registry’s website.
THE IMPORTANCE OF MARKETING WHEN SELLING A HOUSE IN STOCKPORT
According to a recent article on the Guardian website, Manchester led the way in terms of UK house price growth during 2013. While the city delivered exceptional growth of 21 percent in a single year, Greater Manchester experienced a five percent uplift in the average cost of a home – and Stockport led the way. Unfortunately, one of the main reasons for this incredible rate of growth is the chronic lack of new houses being built in the area. A number of obstacles must be overcome in order to attract sufficient buyer interest and sell your house quickly in Stockport. Despite the obvious strength in the local housing market, there can be no shortcuts in terms of marketing when selling the traditional way.
Estate agents in Stockport have the experience, knowledge and contacts to find buyers quickly whilst maximising the market value of your home. Of course, they charge handsomely for their services, but they often pay for themselves by squeezing extra value from the properties they sell. There is nothing stopping you from selling your house without an estate agent, but you should only do so if you have the time and expertise required – otherwise you could struggle to achieve your home’s true value.
Whether you are trying to avoid the repossession of your home, relocating for a new job or simply trying to avoid the stress and uncertainty of the open market, we can help you to secure a quick house sale. We buy properties in any condition directly from owners, so there is no need to worry about marketing, advertising, property viewings and price negotiations. We may be able to offer you up to 100 percent of your home’s market value, and complete the purchase in just a few weeks.
WHAT IS THE MOST PROFITABLE TIME OF YEAR TO SELL A HOUSE IN STOCKPORT?
The recent turmoil in the banking and housing sectors has left the Greater Manchester property market in a state of flux. There used to be a time when predicting spikes in demand for houses was a relatively reliable endeavour. Buyers used to enter the property market in greater numbers during the weeks shortly after New Year and the school summer holidays. But according to data released on the Home website, May was the busiest month to August 2014 for Stockport house sales. There is very little evidence to back up the assertion that selling at a certain time of year has any effect on the final selling price of a house.
If you want to use the time of year to your advantage, you may be able to attract more interest in your home by adapting it to the prevailing season. In the summer, make the best use of light and space, and make sure your outdoor areas are well maintained. In the winter, concentrate on warmth and energy efficiency – making sure that your heating, windows and doors are all in a good state of repair.
WHAT FACTORS INFLUENCE HOUSE PRICES IN STOCKPORT?
The borough of Stockport is the size of a modest city, so you should take headlines regarding Stockport house prices with a pinch of salt. Although prices have been rising quickly, this may not reflect what is happening in your street. For instance, homes in Heaton Mersey, Cheadle, Bramhall and Heaton Moor have been rising steadily for some time now. House price growth in Heaton Norris and Heaton Chapel has been more modest, however. Use Zoopla and Rightmove to find out what is happening in your part of Stockport before reaching any conclusions on the price potential of your home.
There are several issues that can positively affect localised house prices in Stockport. They are mostly beyond the influence of homeowners, but simply knowing that they exist will help you to evaluate your home’s price potential accurately. For instance, a house that is located in the catchment area of a prestigious state school will often achieve a premium on the open market. Buyers may also be prepared to pay a little extra for homes in areas that benefit from good transport links and low crime rates. It’s also worth keeping up to date with local issues in Stockport that have the potential to influence property values in the future. The new Bridgefield leisure complex could attract new investment to the area and create jobs for local people. And the local council has a plan to oversee the building of hundreds of new homes in the area – which could make Stockport more attractive to buyers from around the region.
ALL ABOUT STOCKPORT
The town of Stockport is located in the mass urban sprawl of Greater Manchester. The town is around seven miles away from the city centre, which means it is a very popular place to live for people working in the city who want to cut their housing costs. Stockport is officially located in the metropolitan borough of the same name. There are more than 135,000 permanent residents living in Stockport, and more than 280,000 live in the wider borough.
Stockport rose to prominence during the Medieval era, when it was just a small town located on the banks of the River Mersey. The town’s economy grew when hemp and rope factories started to open up along the river. By the dawn of the Industrial Revolution, Stockport was home to the first automated silk processing plants in the world. And at the beginning of the 19th century, the town was home to a prolific cotton industry, which accounted for the bulk of the jobs in the region. There was also a highly successful hat making industry in Stockport at this time. Unfortunately, production of hats in the town ceased during the 1990s.
Modern-day Stockport has a much greater reliance on the service sector. Many of the old mills and factories in the town are being converted to leisure and residential units as part of the Future Stockport initiative – which aims to completely regenerate the once industrial areas of the town. Stockport is ostensibly part of Manchester’s burgeoning economy, so most residents are employed in other areas of the city. However, Stockport does have a thriving retail area, which includes Merseyway Shopping Centre and The Peel Centre – where hundreds of jobs in retail and leisure are based.
Stockport has a surprising number of fascinating and exciting tourist attractions to choose from, and many of them are museums. Take a trip to Bramall Hall, and explore the splendour of a white, timber-framed house and some stunning landscaped gardens. You can explore the town’s long association with hat making at the Hat Works museum, or take a trip to war-torn 1940s Britain at the Air Raid Shelters. The Staircase House is the oldest in Stockport, and it features a stunning period staircase that has been carefully restored to its former glory. If you want a more rounded look at Stockport’s long history, a trip to the Stockport Museum should be on your schedule. There are several parks for enjoying more serene activities in, which include Adswood Park, Abney Hall Park and Etherow Country Park. And no trip to this proudest of towns should pass without a visit to the historic Stockport Market, where local traders sell everything from CDs to homemade pastries.
Stockport house prices have been rising steadily since 2012, and they are showing no signs of faltering. The next few years could be a great time to sell your home as waiting around for the open market to produce a buyer may not be an option. Flying Homes may be able to shave precious weeks of the time it takes to sell a house in Stockport, so call us today for a no-obligation quote for us to buy your home.