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The classic bartering line “the property needs work” seems to be coming an overused property phrase….but do buyers know what they are saying?

The derelict property-the project, absolutely needs “work”, often large scale, from stripping back to brick, re-wiring through to the cosmetic décor. The classic “do-er-up-er”. A classic example of a renovation opportunity would be that on St James Road Edgbaston top to bottom it needs everything!

………..But the city centre apartment with a damp patch due to a leak from the flat above, is that really “work” equivalent to the £5-£10k they are looking for a discount?

Now, with the estate agent hat on here, there will be an underlying feeling of frustration. The sale is not made and we are the bad news bearers. With Zoopla and daytime property programmes, buyers are getting their stats to substantiate the “its good but I would like to do, x, y and z”.

Everybody is now a property investor! Thinking re-sale and making money. The forever home seems a thing of the past.

Vendors can play the game too!

A property we recently sold inMaxim 28 has been sold for £40000 more than the property above, the previous highest selling apartment in the block in 2014. Take a look at the images-the epitome of city centre living, quirky and stylish. Look again and then take out the nice furniture, dressing, rugs and factor in the exposed bricks is actually wallpaper!
That vendor optimised his opportunity to sell (clearly the marketing we do works as well).

We appeal regularly to vendors to present their property for sale to the best of their ability, not just for first impressions but to prevent doubt in a buyers mind. Re-sand the drive, cut those trees back, re-grout the bath, fix that leaking tap. Small effort and sometimes costs, but for longer term gain-selling for a better price.

We offer free up to date property marketing advice, but also say the unsaid. We will advise you how to present and tidy the property ready to sell or let-again all free, hoping to get our clients the best price for their property. Contact us today at [email protected]to arrange you free property consultation and give your comments on property improvement tips and tricks.