Reports indicate that demand for houses in Ireland will continue to be high this 2019. The stock of new and second-hand homes significantly increased in 2018. This trend is expected to continue this year, but the number of homes available won’t still be enough to meet the demand.
For homeowners like you who are planning to sell their house in 2019, this is good news as there are fewer competitors and an abundance of buyers. So, if you are contemplating about putting your house in the market, doing it this year is a good idea.
However, just because the outlook in the property sector is bright, please do not think that the selling process is going to be without challenges. Furthermore, even if there are countless buyers out there, there is no guarantee that you’d be able to sell your house immediately and at a good price. Hence, it is imperative that you thoroughly prepare before you start putting up the “For Sale” sign on your yard or advertising online.
Organise the Documents
A lot of sellers do not start preparing the required documents until they find a buyer. Please avoid doing this as it can delay the completion of the sale. Worse, it can even cause you to lose a potential buyer.
Sourcing the documents needed takes time. In fact, if you have a mortgage, you or your solicitor would need to wait around three to four weeks to get the title deeds. Too long? Just think about how much longer your buyer would need to wait if there are problems with the deeds or other documents. The entire thing may drag for months!
So, as much as possible, start preparing all the necessary paperwork (i.e., title deeds, Building Energy Rating certificate, new title map) right after you put your house on the market. This is highly encouraged, especially with the implementation of the pre-contract investigation of title (PCIT) system. Under this system, sellers like you would have to present title packs for the buyer’s solicitor to investigate before any contract is signed.
Hire an Estate Agent
When you sell your house, you have to do a lot of things – prepare documents, repair the house, make marketing peripherals, etc. It can be overwhelming, not to mention time consuming, as you’d need to respond to queries and be available for viewings. This is why you need to hire an estate agent.
On top of ensuring that the entire endeavour goes on smoothly, a professional estate agent can help you sell your house at the right price. Moreover, with her skills and network, you don’t have to worry about your property staying on the market too long.
There’s no scarcity of real estate companies in Ireland. So, you won’t have trouble finding an agent. Just make sure that you choose one with a good reputation. It is also important that you pick an agent who knows the area well. For example, if your house is located in Dublin 6, find an estate agent experienced in selling properties in this area. Having an extensive knowledge of the location gives her a good grasp of who to sell the property to and how to sell it.
Arrange a Condition Survey
Be proactive and arrange a property survey before selling your house. Doing this can help you identify problems early on and fix them. In addition, repairing these defects can significantly improve your property’s appearance and value.
Furthermore, as you are already aware of the issues, you can be upfront with potential buyers and show them the survey report even before the negotiations begin. This can save both parties a lot of time and effort.
Improve the Property
Never sell your house if it has obvious defects unless your only goal is to dispose it regardless of the price. Fix any problems, cosmetic or structural, which can drastically impact a buyer’s decisions. Holes on walls, leaking pipes and peeling paint are just some of the problems you need to address before advertising your house.
If financially possible, renovate key parts of the house like the kitchen and bathroom. These areas are critical for buyers. Kitchens and bathrooms which look dated and poorly maintained can quickly turn-off buyers. Meanwhile, if they look clean and good as new, they won’t just get the attention of multiple buyers but also increase your property’s overall value.
Need help selling a house in Rathgar, Dublin 6 or Dublin 12? Wherever in Ireland your property is, our estate agents can help you sell it at the right price! Call us at 014959020 today!