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Jun 02

How to sell your home for the highest price during COVID-19

Reading Time: 3 mins

Through the strictest stages of lockdown, the government was actively discouraging the concept of selling, buying, and moving house. Thankfully, however, this is no longer the case, and if you are interested in selling your home, then you are completely free to do so. 

But, of course, everyone wants to get the right price for their property – and the changes to the economy, and general reluctance to make big financial decisions could leave sellers believing that there is no chance for them to sell their home for a reasonable amount. 

This doesn’t have to be the case. Here we take a look at how you can sell your home for the best possible price, in spite of the COVID-19 pandemic. 

 

You don’t need to lower your prices to make a sale

The first important thing to note about selling your property during COVID-19 is that you don’t need to worry about having to drastically reduce your asking price in order to make a sale. Despite the fact that the number of property sales took a serious nosedive through March and April, the actual prices dropped only a little – around 5% according to Knight Frank

This is good news for sellers, as it indicates that the market has not fallen significantly. And, as confidence begins to return to the economy, and the stipulations of lockdown are relaxed, it is likely that house prices will not fall much more, and will soon begin to actually reverse that trend, and return to their pre-COVID-19 highs. 

“The market is still there, but buyers and sellers are more cautious,” says estate agents Flying Fish “as a business we have had to adapt by offering virtual viewings and have a greater level of interaction through phone calls and video calls, but ultimately, there are still people who want to buy and sell just as normal”. 

 

Work closely with estate agents

Speaking of estate agents, they have never been more important. As mentioned above, estate agents have been changing their working practice to hep buyers to continue to make sales and provide buyers with the information that they are looking for. This means that as a seller, you must do everything you can to make the job of the estate agent as easy as possible.

Virtual viewings have become a popular alternative to in-person viewings, so if you can provide the estate agent with a high-quality video of the property, this can be a strong basis for them to wow the potential buyer. The longer, more in-depth, and better quality the video, the more likely it is to be received well. 

This may not be the only thing that your estate agent can do to boost your prospects of a sale, so be sure to talk to them about what you can do to make things easier for them. 

 

Get those DIY tasks done

It may be the case that through the COVID-19 pandemic, you have been given the opportunity to work from home more regularly, or you may even have been furloughed. In either case, this can give you the chance to work on all of those little DIY tasks that you have been meaning to do around the house.

They might not seem like the most appealing thing to do with your extra free time, but remember how they can affect potential home buyers. If a buyer sees that there are actually many things to do around the house, they are more likely to see it as a project, that will require the investment of time and money, 

Instead, get those jobs done and they will be impressed that they are seeing a house that has no obvious flaws and that they could move in straight away. It is in this scenario that they could be most likely to be willing to pay your asking price. 

 

Have your home professionally cleaned

Unsurprisingly, homebuyers have a great deal of interest in ensuring the property that they are buying is free of germs and sanitised to the correct standard. It is a great idea, then, to have your home professionally cleaned and to make this cleanliness a part of your pitch. Being able to show that your home has been properly cleaned is vital. 

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