House Prices in East Anglia lead the way

Friday 7th July 2017

House Prices in East Anglia lead the way – how to get the best price

A recent study has revealed that property prices in East Anglia are going up more quickly than anywhere else in the UK. The report showed that the region had the strongest annual lift in house values, with the average home increasing by 5%. This was followed by the South West which saw property values go up by 4.4% and the East Midlands which saw a 4.1% increase in prices. At the other end of the scale, in London, previously one of the UK’s property hot spots, values went up by just 1.2%.

The impressive growth of house prices in East Anglia is great news for homeowners looking to sell. And with more and more people looking to move to the area, now is a fantastic time to put your home on the market. But how can you ensure you get the best price for your property? And are there any steps you can take to up its value even more?

Find a good estate agent

The estate agent you choose for your property sale will have a big impact on the value your home achieves. A good agent will have an in depth knowledge of the local market, a long list of buyers waiting to move to the area and a good online and offline marketing strategy. Sign up with the right agent and your home will be seen by the right people, advertised in the right locations and marketed at the right price.

Get to know the competition

It’s a good idea to get to know the competition in the local area if you want to price your home accurately. Take a look at other properties for sale near you to see what buyers are looking for and talk to agents about the types of buyers that are most likely to be looking for homes like yours. If you know whether you’re selling to a family, a couple or retirees you’ll be better able to ‘dress’ your home and make it appeal to your target audience.

Know your area

When buyers come round to have a look at your property, it’s always beneficial if you’re able to sing the praises of your local area. Find out if there are good schools nearby, make sure you know where the nearest pubs, shops and restaurants are and look into nearby transport links so you’re able to answer all of your potential buyers’ questions.

Price it right

Though property values are going up quickly in East Anglia, it’s still important that your home is priced competitively. If it’s overvalued, it may well sit on the market for months unsold. This could put future buyers off and may lead to you having to drop your asking price considerably. Instead, price your home at the upper end of an achievable range. This will help to generate interest in your property and should lead to it being snapped up quickly.

To find out more about buying and selling homes in East Anglia, or to arrange for one of our agents to value your property, contact a member of our team today

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