Do you know who the most likely local buyer is?
It is natural vendors focus on their own needs and expectations when selling their house. However, time spent focusing on who the buyer is, and what they want or need when buying property will make a difference in selling a house. If you know who the most likely buyer of your home is, it becomes easier to reach them.
First of all, you need to know which factors shape buyer demand. Working closely with a skilled and experienced estate agent will ensure you understand these factors, and you can put them into practice.
Property price impacts on who is most likely to buy
It stands to reason that the price of your home will impact who can afford to buy your house. Each buyer has a budget, so once you set your price, you can reach out to these buyers. With online property listing sites offering buyers the chance to fix their budget parameters, buyers and vendors should connect conveniently.
Property size impacts on who will make an offer on your house
The number of bedrooms in your house and the amount of space available influences who is likely to buy your home. There are willing buyers for all bedroom sizes and all levels of space, so you need to define your home clearly, and then promote to the most likely buyers.
Local transport and school options influence buyers
Sometimes the most likely buyers are influenced by factors outside of your home. Available transport connections and the quality of local schools shape what buyers are keen to make an offer for your house. Therefore, you need to be aware of what is on offer in your local area.
The sense of local community will often shape who the most likely buyer is
Similarly, some buyers want to purchase a house in an area where they can feel comfortable, or which helps them enjoy their life.
Given that these factors indicate which buyer is most likely to buy a house in your area or your style of residence, it is possible to narrow down likely buyers for your home. Knowing that one form of buyer or a group of people is more likely to buy your home provides you with an advantage in the sales process.
After all, if you know what the most likely buyer is looking for, you can present your home in a manner that best appeals to this style of buyer. Therefore, when buyers are looking for homes in your area, it is your house that will stand out for all the right reasons. This outcome should ensure that you attract buyers to your listing, increasing the chances of prospective buyers arranging a viewing and hopefully making an offer.
At Neil King, we know the process of selling your house can be a challenging one. The fact that there are so many steps to consider can be frustrating, but by taking a systematic approach, selling your house can become more straightforward. When you know who the most likely buyer of a home in your area is, you can devote your time and energy to meeting their needs.
If you are interested in making an informed and intelligent decision when you sell your home, contact us today and we will do what we can to assist you.