How to Sell Your Home When There are Hundreds of Competing Houses for Sale in St Albans
St Alban’s has been one of the success stories of the British property market in recent years, as overheating prices in the centre of London have forced many people to look further afield for affordable homes. This has contributed to house price increases for houses for sale in St Albans. But there are never any guarantees when dealing on the open property market, and if you need to sell quickly in St Albans, you should be prepared for a complex and time-consuming process.
There is a way to avoid the pitfalls and complications of the housing market in St Albans altogether, however, and it involves a quick property sale – selling your house to Flying Homes. We purchase residential property on behalf of cash-ready investors throughout the UK. This means we buy homes in any condition, and have a track record of paying between 90 and 94 percent of market value for them. Selling your property to us means you may be able to shave several weeks off the average time it takes to sell a house in St Albans – and avoid the stress and uncertainty that the open market inevitably brings.
The asking price you set is crucial when selling a house in St Albans.
2014 was nothing short of sensational in terms of house price growth in St Albans. Despite already being a relatively expensive area in which to buy a home, the average property price rose by an astonishing 24 percent in 2014 – to just under £500,000. According to an article on the This is money website, this was the highest rate of growth in the UK. While this is great news for homeowners in St Albans, this rate of growth does raise a few issues in the local property market. Buyers are now facing higher tax bills, and wages are falling further and further behind the average property price. Factor in the prospect of rising interest rates by the end of 2015, ever-tightening lending criteria and uncertainty about the economic and political future of the UK, and there is a very real chance that demand (and house prices) could actually fall away during 2015 and 2016. If you need to sell a house quick in St Albans, you simply can’t afford to take anything for granted.
The best way to secure a speedy sale on the open market is to set your initial asking price at a level that represents true value to local buyers. In order to ascertain what this level is, your estate agent or house buying service will research recent sold house prices in the area, and set a price accordingly. If you are selling a house without an estate agent, or you want to check that your agent’s valuation is reasonable, you can do your own house price research using various tools and resources that are freely available on the Internet. For instance, property transaction data for St Albans can be found very easily on the Rightmove website, and entering your postcode on the Zoopla website will enable you to view house sales data for your particular area of St Albans. There is also a wealth of sold house price information available to view for free via The Land Registry web portal.
House selling in St Albans requires a detailed approach to marketing
Despite warnings of a slowing down in the rate of house price growth in St Albans, this is still a great time to sell a home in the city. A recent article on the Herts Advertiser website revealed that the rate at which house prices were growing in St Albans was higher than in London during two successive quarters. An article on the Guardian website revealed that, while the UK suffered its seventh consecutive month of falling house prices, St Albans was once again bucking the national trend with a 22 percent increase. But it is important to remember that there is a widening gap between house prices and wages. It is also worth noting that changes to borrowing rules and rising interest rates will temper demand for property somewhat – even in the St Albans property pressure cooker. People are still cautious about paying over the odds for property, which is why marketing is still crucial.
During what is a boom time for the St Albans property market, it would be easy to go it alone and sell a house without an estate agent. But even in such a buoyant market, the house selling process requires time, knowledge and experience. An estate agent in St Albans will bring all three of these attributes to the table, and that could lead to a slightly higher sale price than you’re able to achieve on your own. Although you might be tempted to save on the cost of an agent’s fees and sell privately, it’s important to remember that agents often pay for their commission in the form of the elevated sale prices they achieve.
Regardless of the credentials of your chosen estate agent, there can never be any guarantees when it comes to selling property on the open market. There is always the potential for delay and complications, and such instances can leave your plans in tatters. If you need to sell a house quickly in St Albans, there is a way to avoid the open market altogether, and it involves selling your home to us. So if you’re wondering who’ll buy your house, then relax, as Flying Homes’ buy houses direct from their owners. We can pay a high percent of full market value, and in the right circumstances, we’re able to process transactions in just seven days. What’s more, we will never alter our initial offer at the last minute – in the way less reputable home buyers in the UK have been doing over the years. We buy property all over the UK!
Is there a particularly profitable time of year for house selling in St Albans?
The simple truth is that any time is a good time to sell a house in St Albans right now. Demand is high, and house prices continue to rise when stagnation is afflicting other housing markets in the UK.
Although you might be prepared to take a gamble by delaying the sale of your home until a more profitable time of year, there is no clear evidence to suggest that such a time exists. And even if there were, predicting seasonal fluctuations in demand and house prices is always a difficult job. According to the Home website, July was the busiest month of the year to March 2015 for house sales in St Albans, which is unusual as this is a time of year when people are more concerned about holidays and leisure.
You can use the season to your advantage by making some subtle changes to your home’s layout, decor and amenities. Buyers often have seasonal priorities when house buying. Appealing to as many of these priorities as possible could increase the interest in your home.
What issues might be affecting house prices in St Albans?
There is absolutely no doubt that recent house price growth in St Albans has been nothing short of sensational in recent months. However, before you get too carried away, it’s important to remember that this is a city with many different areas and neighbourhoods. What might be true for the city as a whole may not be true for your particular area. For instance, property values in areas such as Fleetville, Clarence Park, Cunningham Hill and Highfield Park have actually been rising at a faster rate than the city average. Do your house price homework on Zoopla and Rightmove before making any bid decisions with regards to the sale of your home.
There are several issues with the potential to positively influence the price of homes in St Albans. And while there is usually very little that can be done to influence any of these issues, simply knowing that they exist is often enough to extract a little extra value on the open market. For instance, schools that rank highly in OFSTED league tables will often be in high demand among parents. This means that any home in the catchment area of these schools is likely to fetch a premium on the open market. There is also a chance that homes in low-crime areas will sell for a little more than the regional average. Make sure you stay up to date with issues specific to St Albans too, which might include the London Road Project and the building of thousands of homes on land owned by Tesco.
About St Albans
St Albans is a picturesque city located in southern Hertfordshire, and just 19 miles north of central London, it is a very important town in the commuter belt. Founded during the reign of the Roman Empire, St Albans eventually became a market town and stopping off point for people travelling from the north into London.
St Albans was a very small settlement until the 20th century. Although it had city status, St Albans was a small market town in everything but name. It was also a very important Christian pilgrimage site for centuries, which put the brakes on development in the area. It wasn’t until after the end of World War Two – when the UK government started to rehouse people in the surrounding areas of London – that St Albans started to grow into a densely populated, modern urban area.
St Albans is one of the more affluent areas of the London commuter belt, and the local economy is dominated by services. There is also a thriving tourist industry in the area, thanks to a large selection of historic buildings that includes the Abbey, a 15th-century clock tower and various ruinous Roman structures.
Things to do in St Albans
St Albans is a very pretty city that is steeped in history and local tradition. The grand, ancient buildings of St Albans are among the biggest tourist attractions – the most notable of which is St Alban’s Cathedral. Built during the 8th century, this magnificent building was constructed around the tomb of St Alban himself, and it is a fine example of Norman Romanesque and Gothic architecture. Another of the city’s most famous landmarks is the Clock Tower, which was built in 1410, and remains England’s only Medieval clock tower. If you want to discover St Albans’ Roman past, you can do just that at the Verulamium Museum, which houses a range of armour, jewellery, glassware and personal artefacts from Roman soldiers. A more intimate museum experience can be found at St Alban’s Museum, which houses a range of artefacts and archaeological discoveries from the local area. If you’re in the mood for a pop concert, you will find one at The Alban Arena most weeks, and a range of fantastic stage productions visit the Abbey Theatre throughout the year. There are also plenty of opportunities to get out and about in the great outdoors, including at Clarence Park, Heartwood Forest, Rothamsted Park and Verulamium Park.
Demand for homes in St Albans is very high, and house prices are rising sharply as a result. However, if a quick house sale is your top priority, you may not want to take a gamble on the open market – which is where Flying Homes can help. Call one of our expert agents today for a no-obligation chat about your circumstances.