With Lots of Houses for Sale in Wakefield What’s the Best Way to Market Yours?
With many houses for sale in Wakefield, what’s the best way to sell your home?
The housing market in Wakefield is a price-sensitive one, and you will need a thorough approach to marketing if you’re going to compete with the hundreds of houses for sale in Wakefield. Follow the hints and tips in our Wakefield property guide in order to find a buyer for your home as quickly as possible.
Several decades of economic decline and stagnation have left house prices in Wakefield relatively low. And despite strong house price growth in nearby Manchester and Leeds, property values in and around Wakefield have been slow to recover from the banking crash of 2008.
Why the asking price you set is crucial when selling a house in Wakefield
Many areas of northern England were hit by house price stagnation until as recently as the beginning of 2014 – and Wakefield was certainly one of them. While property values in the South East of England and parts of the North West were rising strongly, many parts of Wakefield and Leeds were suffering from house price decline. According to a report on the Examiner website in October 2013, house prices actually fell by 0.3% during that year, and they suffered similar fates across West Yorkshire. This demonstrated just how price-sensitive the local market for homes was – and still is. After the turmoil of the last few years, both banks and house buyers are incredibly cautious when it comes to asking prices – which is why yours needs to be highly competitive.
Knowing what constitutes a competitive asking price in your local area requires some in-depth research into recent sold house prices. If you have chosen to entrust the sale of your house to an estate agent or house buying specialist, this work will be carried out on your behalf. However, there is absolutely nothing stopping you from researching sold house prices yourself. Get on the Rightmove website, and you will find a wealth of house sales data pertaining to your area of Wakefield. The government publishes official sold house prices via The Land Registry, and you can enter your postcode on the Zoopla website in order to access property transaction data in Wakefield.
Who should take charge of marketing when selling houses in Wakefield?
At a time when demand for homes in parts of Yorkshire and the North West is soaring, it seems that Wakefield are still suffering from relative stagnation. Indeed, according to a recent article on the Telegraph website, Wakefield was one of the top four UK towns and cities for house price reductions. This suggests that demand for homes in the city is flatlining, and house price growth is minimal as a result. In such tough market conditions, it is vital that you do everything you can to maximise the reach of your marketing strategy. And unlike many property markets in the North West and South East of England, Wakefield is definitely not a place to sell a house privately unless you have the time, local knowledge and contacts to succeed.
A growing number of homeowners across Britain are making the decision to sell a house without an estate agent. In many markets, this is an almost risk-free strategy, as demand for homes is so high. However, in Wakefield (where demand for homes is relatively depressed) you will need all the help you can get on the open market. An experienced and talented estate agent in Wakefield will be able to provide you with negotiating skills, an in-depth understanding of the local market and the network of marketing contacts that could maximise the sale price your home achieves.
Unfortunately, not even the most talented estate agents can promise you anything with regards to house prices and timescales on the open market. If you need to sell a house quick in Wakefield, Flying Homes could be in a position to help. We buy houses in any condition, and for up to 100 percent of their market value. In the right circumstances, we’re able to process property transactions from start to finish in just a week or so. So, whether you are trying to stave off repossession, relocating for a new job or attempting to avoid costly repairs and renovations to your house, we can help.
Is there a profitable time of year for house selling in Wakefield?
Most property professionals will advise you to sell a house in Wakefield at the time that suits your circumstances. There isn’t much to be gained from delaying the sale of your property until what is deemed to be a more profitable time of year, as there is very little evidence proving that such a time exists. According to the Home.co.uk website, September was the busiest month of the year to April 2015 for house sale completions in Wakefield. Unfortunately, there is a very good chance that sales will peak at completely different times in future years. You can make the prevailing season work to your advantage by making seasonal changes to your home’s decor, layout and amenities, however. In the summer, this might entail harnessing natural light in all the rooms of your property, maintaining your gardens and sticking to light, bright colour schemes.
What issues have the potential to affect house prices in Wakefield?
Wakefield is a reasonably large city in the huge Leeds/Bradford conurbation, so it should be of no surprise that house prices can vary quite widely from area to area. Before you become too disheartened at news reports of stagnating property values in the area, it’s a good idea to research sold house prices with Rightmove and Zoopla first.
There could be several issues affecting house prices in Wakefield, and many of them will only affect very localised areas. For instance, if your home is within the official catchment area of a great school, you can be fairly sure that it will be desirable to buyers with children. If you can include school reports in your marketing plan, you might be able to secure a premium for your home from parents. If you live in an area of Wakefield that enjoys lower-than-average crime levels, you might also be able to squeeze a little extra value from your property. There could be issues specific to Wakefield with the potential to increase localised house prices too, including a major regeneration programme for the town and the Merchant Gate mixed use development.
The city of Wakefield is located in the huge urban sprawl of West Yorkshire. Sitting on the banks of the River Calder on the eastern edge of the Pennine Hills, the city had a population of around 77,000 according to the 2001 census.
Wakefield has a proud tradition of commerce, and it served as one of the major market towns during the reign of the Tudors. For years, meat, wool and general produce were traded in Wakefield, but the town didn’t truly start to become a national force until the Industrial Revolution, when the textiles, mining and corn trades started to flourish.
Wakefield suffered with employment and urban decay throughout the latter half of the 20th century – partly a result of the declining coal mining industry in the area. Also declining during this time were the textiles and glass-making industries, which put a great strain on incomes in and around Wakefield. Investment projects funded by both the UK government and the EU have managed to breathe life into this proud city in the West Riding of Yorkshire. There is now a thriving administrative sector, and distribution plays a major role in the economy. Among the many regeneration projects that have transformed Wakefield since the turn of the 21st century are the Trinity Walk retail development, the refurbishment of the Ridings Shopping Centre and the creation of the so-called ‘Wakefield Waterfront’.
Things to do in Wakefield
Wakefield is an historic city that is often overlooked when it comes to tourism, but is is filled with fantastic buildings and exciting attractions. Both Wakefield Cathedral and the nearby Chantry Chapel are stunning examples of English architecture. Or if you’d prefer to escape the hustle and bustle amid pleasant surroundings, make sure you spend a few hours relaxing at Angler’s Country Park or nearby Haw Park Wood. Or you can enjoy a day of relaxation with a difference at Yorkshire Sculpture Park. If you want to satisfy your thirst for the arts, there is no better place in Wakefield to do so than at The Hepworth Wakefield. This incredible art gallery is home to one of the biggest collections of contemporary art outside London. Learn about the local tradition of mining at the National Coal Mining Museum, or treat your kids to a fun-filled day at the Diggerland theme park.
House prices in Wakefield have been static for some time, and this comes after a period of rapid decline following the last credit crunch. If you need to sell a house quickly in Wakefield, you might be in for a nervous wait on the open market.
If you need to sell a house fast in Wakefield, you might need to entice local buyers with a more competitive asking price. However, by selling your house to Flying Homes, we buy any house in Wakefield, then you can bypass the open property market completely. We buy numerous houses in Wakefield but also purchase property on behalf of individuals with the cash and the freedom to complete transactions in a matter of days. We can pay between 90 and 94 percent of market value, and we never renege on our first valuation.
By selling your property to Flying Homes, you can bypass the market completely – and potentially have the proceeds of your sale in your bank account within a couple of weeks. See the reviews for our ‘we buy any house service‘ and call us today to arrange a no-obligation valuation.