BuzzPages Deadline is Fast Approaching

This is more of a shout out than a tip, if you want your property to appear in the next edition of our Buzz Pages publication, please add your property to the buzzproperties.co.uk website by the end of July 2011.

Also if there is anyone who wished to advertise their company in the Buzz Pages publication please get in touch.

2010 - To Sell or Not To Sell

With all the recent activities in finance world. What will 2010 bring to your intended house sale?

The first piece of advice is caution, there are conflicting views that house prices will go up next year or go down next year. The main factor that is currently having an adverse effect on the property price index is the amount of houses that are for sale. This is simple supply and demand, less supply or more more demand means prices rise.

This is currently the case as there are less houses on the market, which in turn is pushing up the prices of the houses that are up for sale. So you may be thinking then why dont you sell your house now. Well you could do that and if you wish to take the punt then you could advertise your property at no cost on BuzzProperties.co.uk and see how you go.

However my advice is this rather than risk adding to the innaccurate market prices and in turn potentially lowering house prices, wait off selling your house until later in the year. Ideally after the end of the financial year, normally around mid April. This way you will not only get a better price for your property but you will also get a realistic one, and wont run the risk of being back in the same boat a year down the track due to inflated property prices.

So in short wait until April at the earliest to sell your house if you want to maximise your property return in both the long and the short term.

Saleable or Added Value

One of the biggest misunderstandings when it comes to selling your house is in what makes it more saleable and what actually adds value to the property.





In most cases you are trying to sell your hosue, and will get taken in by companies stating such things as "it will increase your property value", normal terms are thrown around a lot by builders and windows / conservatory companies.

Ok so you may be think that why won't a new conservatory add value to my house. Simple if the conversatory costs your £5000 you will only be able add this amount to your house, and in truth you are only going to get your money back. This goes the same for replacing windows and doors, and even new kitchens and bathrooms.

So Why Would I Bother?

You are probably asking yourself, why would you spend money adding a conversatory or putting in new windows or bathroom, if you are only going to get your money back.

SIMPLE

It makes your house more saleable that is "capable of being sold, fit to be sold". This means that you will be able to sell your house quicker, and it can set it apart from other house. As if your house is the only house in the street with new windows, a conversatory it will sell better than the other houses.

Adding things to your house can save a lot of time in the overall sale process, letting you move on to your new home and get on with your life.

What's an Addition and Whats an Improvement?

If you are trying to sell your house you need to decide what you want to do, Do you want to try to increase the value or do you want to make it easier to sell.

Remember a higher price is not always better!

Keep the two things in mind, improvements and additions. Basically speaking these are defined as

Improvements - Anything you add to your home such as

• New Kitchen
• New Bathroom
• New Windows and Doors
• New Conservatory
• Anything else that does not directly change the structure of your house

Improvments will not add value to your house, other than the cost of the addition, they will make your house more saleable and easier to sell
Additions - Anything that you add to the structure of your home such as

• Building a new extension
• Converting the loft into a room
• Anything else that changes the structure of your house.

Additions will add value to your home provided it is the right addition, such as making a 2 bedroom house into a 3 bedroom house, larger kitchen, etc.
So keep in mind a simple rule, if it costs more money chances are it will add real value to your house. And anything that changes the house from the way you bought it will increase its value. If what you are doing does not alter the house from how you bought it, it will make it easier to sell but not for a higher price.

A Higher Price is Not Always Better

What is more valuable to you your time or a few extra pounds?

It may seem ideal to get the highest price for your house, but is getting the higher price really the best option, think of it this way if you go to an agency and they over value your house not only can it take longer to sell but it can in fact, stop it from selling altogether.

After all if there are similar houses in the same street for sale, and your house is up for sale for the highest price, it has to be exceptional and if not it will not sell. This means that you cant move to your new home as quck as you would like, which takes up more of your time. Just by waiting for the house to sell.

So remember do you really want to over-value your house to gain a few extra pounds, or would you rather be selling it quicker for a lower price and same tons of time.

Use Technology

When selling your house think beyond the tradtional methods. Everyone likes to use whats available to them, and by using new technologies such as the internet you can not only reach alot more buyers but you can also show you house to more buyers.

There are lots of online services out there such as www.buzzproperties.co.uk and used in connection with other services offered by sites such as www.ourproperty.co.uk you can do everything yourself from valuing your home to the final sale.

Try to avoid being taken in by local agents, alot with promise to put your house on the internet by using nationally recoginsed websites. This is a mistake as the sales process is still the normal selling method and you get hit where it hurts, in your wallet.

So remember the high street is not the only place to sell your house