[Sep 2023] In the face of a slowing real estate market, homeowners across the UK are grappling with the challenge of selling their properties. The once-booming market has slowed over the last few months, as evidenced by the YouGov/Centre for Economics and Business Research (CEBR) index, with consumer confidence falling by 1.7 points to 101.6 in June.

This downward trend is most pronounced in the case of homeowners' pessimism. Homeowners' confidence in their property values dropped by 5.8 points for the month and 10.3 points for the coming 12 months, representing the biggest drag on the index. However, this doesn't mean it's impossible to sell homes today. Strategic and decisive steps can be taken to ensure that homes can still fetch a fair price and be sold quickly.
Best Strategies for Selling
Working With a Real Estate Agent

As the market tightens, homeowners must pay more attention to their choice of agents. Working with a reputable agent who can guide sellers on pricing and marketing strategy is paramount. Experienced real estate agents understand the local market dynamics better than anyone else and can help homeowners maximise their profits. Companies like Allen Heritage offer services to help sellers find the right buyer.

Setting the Right Price
Because the market is slowing down, sellers must be prepared to adjust their expectations. When pricing a home, it is essential to compare prices of similar-sized homes in the neighbourhood and come up with a fair price to attract buyers. Overpricing can result in an eventual price cut or, worse, no buyer.

Improve Curb Appeal
Making a home look attractive is critical to improving its selling chances. Simple changes like painting the front door and cleaning the driveway can make all the difference, as it signals to potential buyers that they're being offered a well-maintained property. When buyers see that a home is well cared for, they become more willing to pay the asking price.

Selling a home can be stressful in an environment where the market is slowing down. However, with smart strategies in place, such as working with a real estate agent, setting the right price and improving curb appeal, homeowners can still sell their homes at a fair price.

About Allen Heritage
Allen Heritage is a leading real estate company with branches in West Wickham and Shirley. With over 15 years of experience, the team at Allen Heritage has a wealth of knowledge about the local market dynamics to help homeowners get their properties sold quickly and easily. Moreover, they procure the services of a specialist Sales Progression company's services to ensure smooth transactions for every deal.
For more information, visit their website at www.allenheritage.co.uk.