How to Find a Buyer for Your Home Quickly When There Are So Many Houses for Sale in Redditch
The housing market in Redditch and throughout Worcestershire is relatively buoyant at present, but this is no guarantee of a quick and profitable house sale in the area. If this is your top priority, you might need to take a slightly different approach to the property selling process, and the information and tips in this guide should help in that regard.
The housing market in Redditch and throughout Worcester is performing very well at present. The supply of new homes is nowhere near enough to keep up with demand, and this is fuelling exceptional rates of house price growth in the region. The burgeoning economy in Birmingham is also having a profound effect on house prices in surrounding towns such as Redditch. But if you need to sell in Redditch, there are still many reasons to be cautious. You can sidestep the market completely, however, by selling your property to Flying Homes. We are house buyers working on behalf of wealthy investors all over the UK. The service we provide means you don’t have to worry about marketing, advertising, home staging, property viewings and price negotiations. We’re often able to complete property transactions in just seven days – and for up to 100 percent of market value.
Set a competitive asking price when selling a house in Redditch
After several years of stagnation in the Redditch property market, homeowners in the town can look forward to some real growth over the course of the next few years. In 2014, house prices in Redditch and throughout Worcestershire finally reached their 2007 peak – and grew beyond those levels very quickly indeed to break records. There are several reasons why this exceptional rate of property growth is being witnessed in the region, including the government’s Help to Buy scheme, the dearth of home building in the area and the steady increase of wage levels after several years of decline. However, this positive outlook does not mean that you can take things for granted in your search for a quick house sale. New rules on borrowing from the Bank of England, the prospect of rising interest rates and the fact that buyers are more price-conscious than ever before mean you need to be realistic when setting your initial asking price.
If you set your asking price too high for your specific market, you run the risk of alienating buyers before they’ve even viewed your property. But set your asking price too low, and there is a chance that you could permanently devalue your home in the eyes of local buyers. In order to ascertain what constitutes that optimum asking price for houses like yours, some careful research into recent sold house prices is essential. You can rely on your house buyer or estate agent to do this work on your behalf, or you can use the Rightmove website to call up house sales data for your part of Redditch. The Land Registry website is where you will find official sold house prices from government sources, and you can access property transaction data for Redditch on the Zoopla website by entering your postcode.
Why marketing is crucial when you need to sell a house quick in Redditch
If you are a homeowner in Redditch, you probably won’t run into too many problems when selling a house in the town. There is a chronic shortage of both private and social housing in the area, which means both demand and house prices are riding high. Indeed, Redditch Council has been actively buying back houses that were originally bought by tenants under the Right to Buy scheme. But there are still reasons to be cautious when negotiating the open market for property in Redditch. House price growth is actually pricing many local first-time buyers out of the market – partly as a result of new Bank of England rules on mortgage affordability. There is also a chance that demand will stutter a little when interest rates finally start rising again. Marketing strategies on the open market are as important now as they have ever been.
The current strength of demand and house price growth in the Redditch market might be tempting you to save yourself some money by selling a house without an estate agent in Redditch. While this is something an increasing number of homeowners are doing in the area, the process is still fraught with difficulty and uncertainty. Selling a house in Redditch requires an intrinsic understanding of how property transactions in the UK work. You will also need local knowledge, a network of contacts and time to succeed on the open market by yourself. Hiring estate agents might be a costly endeavour, but the best agents know how to unlock the hidden value in your home that you might be unaware of.
Of course, not even a fantastic agent can provide you with any guarantees on price or timescales for houses for sale in Redditch. If you need to sell a house quickly in Redditch, you might need to consider alternatives to the open market. At Flying Homes, we are one of the few companies that buy houses in any condition, and for up to 100 percent of their market value. The service we provide takes marketing, advertising, property viewings, price negotiations and conveyancing headaches away from the house selling process, which often means a property transaction can complete within a week or so.
Choosing the most profitable time of year to sell a house in Redditch
Opinions are very much divided on what the best and most profitable time for house selling in Redditch actually is. What is usually agreed upon, however, is the fact that the evidence to support the notion that house prices are directly influenced by the prevailing season is limited at best. According to Home.co.uk, the busiest month of the year to April 2015 for house sales in Redditch was August. This is surprising given the fact that leisure is a top priority at this time of the year, and it suggests the local market is in a state of flux. You can use the prevailing season to your advantage when selling a house in Redditch by making alterations to your property based on the seasonal priorities and wish-lists of buyers.
What issues have the potential to positively influence house prices in Redditch?
Redditch is a large town with around 85,000 permanent residents. This means that, although reports about house prices in the area have been largely positive, you still need to research sold house prices in your street before making any major house selling decisions. For instance, the pre-war housing in areas such as Crabbs Cross, Headless Cross, Mount Pleasant and Smallwood has been rising in value at a faster rate than the average for the town. Use Rightmove and Zoopla to assess house prices for houses for sale in Redditch before settling on your price expectations.
There might be several issues with the potential to add value to your home. It’s usually not possible to directly influence these issues yourself, but using them in your marketing campaign might persuade certain groups of buyers to pay a premium for your property. For instance, schools that regularly appear at the top of OFSTED league tables will always be popular with parents, and homes within the catchment areas of those schools will rise in value as a result. You might also find that you’re able to secure a premium for your home if you live in an area with relatively low crime levels. Developments in the area with the potential to drive local house prices up in the future include the Redditch Eastern Gateway Regeneration Project and a major new house building initiative in the town.
All about Redditch
Redditch is a town and district located in the ceremonial county of Worcestershire in the West Midlands. According to the 2011 census, around 85,000 people lived in the district, making it one of the most populous areas in the county.
Redditch has a proud industrial heritage, and it was one of the driving forces behind Britain’s rise to prosperity Although there were dozens of different industries in the area during the 18th and 19th centuries, Redditch became internationally renowned for its fishing tackle and needle making factories. During the 19th century, it was thought that around 90% of the world’s needles were made in the Worcestershire town.
Sadly, most of the traditional heavy industries that Redditch grew up around have long since gone, but the town has managed to transform itself into a relatively successful centre for light industry and services. As well as being one of the main commuter towns of the huge West Midlands conurbation, Redditch is host to a number of the biggest employers in the country, including Halfords and engineering giant GKN. One of the single largest providers of employment in Redditch is Samuel Taylor Ltd, which is a manufacturer of precious metal contacts. Hundreds of jobs are also based at the town’s Kingfisher Shopping Centre.
Things to do in Redditch
Redditch is one of the greenest urban areas in the UK, and as well as boasting a number of beautiful town parks, the area is home to stunning swathes of surrounding countryside. There are also some world class attractions to enjoy in the town. If you’re a keen golfer, make sure you book a round at the stunning Abbey Hotel, Golf and Spa resort. Take a close look at a range of buses from British history at The Transport Museum, or uncover the secrets of the local tradition of needle making at Forge Mill and Bordesley Abbey. The Avoncroft Museum is housed in a beautiful Tudor cottage, and it is also home to the National Telephone Kiosk Collection. You can catch a range of stage productions and music concerts at the Artrix Theatre, or immerse yourself in local history at the resplendent Hanbury Hall & Gardens. And if you want to surround yourself with a range of incredible flora and fauna, spend the day at Morton Stanley Park, which is home to nearly 40 hectares of lush greenery, several areas dedicated to various leisure activities and a skate park.
The housing market in Redditch is riding high at present, but this is no guarantee of a quick and profitable house sale in the area. House buyers looking for quick sale property still expect a bargain if you need to find a buyer quickly. We can buy houses for between 90 and 94 percent of sale value, yet we take all of the worry, stress and uncertainty out of the process. We’re often able to complete property purchases in a week or so, and we never retract or lower our first valuation at the eleventh hour without good reason. Call us today for a no-obligation quote for the purchase of your home and make your property one less of the many houses for sale in Redditch!