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News: Buyers return - but dont be complacent

A record number of buyers have registered during the Christmas break in anticipation to be the first in the queue in the New Year. The latest data from independent estate agent, haart has shown a 30% rise in the number of people looking to buy a property across the UK, since this time last year.

Although average property prices are expected to rise by as much as 10% in the first half of the year, haart warns sellers that the level of demand alone will not ensure they get the best price for their property, and reveals how they can achieve the highest price.

Understand your market

Sellers should prepare their home to appeal to the main market demand in their specific area. A reputable agent will know what type of buyer will be interested in the area / property.

If the location appeals to families then a seller may want to consider reversing a study into a child’s bedroom.  If the area appeals to young professionals and the property is a busy family home, then homeowners should consider removing children toys and clutter and creating a minimalist professional ambience.

Market it widely and price it right

To ensure sellers get the best price for their property they need to get as many viewings as possible. Pick a good estate agent who will market it widely via on-line and print advertisements.

If a seller has picked an experienced estate agent and researched local prices, then they should be able to set an asking price that is correct for the property and the current market.

Russell Jervis managing director of haart estate agents commented: “Homeowners who prepare their properties with a sound knowledge of the current local market in mind will certainly reap the rewards.”

”We expect transaction levels to be well above the level last year and this level of activity will continue well into the first half of the year. We forecast that average UK house prices will increase by as much as 10% in some areas in the first half of the year, dropping back to 5% in 2007.”

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