A local housing market update

As the Managing Director of Abshot Estates, I have seen the Hampshire housing market go through various changes over the years. In particular, the SO31 and PO14 postcodes have experienced a significant shift in the housing market recently. With the cost of living increasing and interest rates on the rise, house prices in the area have fallen, making it an ideal time for buyers to enter the market. For homeowners looking to sell their property, it’s crucial to price your home correctly from day one. With the current market conditions, a property that is overpriced will sit on the market for longer than necessary, which can be detrimental to the sale. As an experienced estate agent, I cannot stress enough the importance of pricing your property realistically from the outset to maximize its potential sale price. In addition to pricing, the presentation and marketing of your property are also essential factors to consider. Professional photos, floor plans, and virtual tours are all tools that can help to showcase your home in the best possible light. By working with a skilled estate agent, they will be able to advise you on how to present your home in the most appealing way to potential buyers, to help you achieve the best possible sale price. At Abshot Estates, we pride ourselves on being a dedicated agent with vast experience in all types of markets. Our agents have worked in the industry for many years and have seen it all before. We take an active, hands-on role in your move, from advising on the correct price for your property, to developing a tailored marketing strategy that will showcase your home to potential buyers.

We also understand the emotional aspect of selling a property, and our agents work closely with you to ensure that the process is as stress-free as possible. Our team provides regular updates and feedback, so you are always aware of how your property is performing in the market.

Some estate agents may choose to overprice a property in the first instance to win the listing. One of the main reasons is to impress the seller with a higher estimated sale price, which can lead to the agent securing the listing over their competitors. Some agents believe that by offering a higher estimated sale price, they can make the seller feel more confident about their property’s value and increase the chances of getting the listing.

t’s not uncommon for some estate agents to try and second guess what another agent may have valued a property at, and then attempt to match the inflated price to win the business. This strategy is based on the assumption that if one agent has overpriced the property, then other agents will do the same to compete for the business.

While this strategy may work in the short term, it can be problematic in the long run. Overpricing a property can lead to it staying on the market for longer than necessary, which can be frustrating for the seller and may harm the agent’s reputation.

Additionally, if multiple agents overprice the property, it can create a false impression of the property’s true value. This can lead to potential buyers becoming disinterested in the property and may result in it selling for less than it would have if priced accurately from the outset.

At Abshot Estates, we believe in valuing a property based on a comprehensive analysis of the local housing market and current market conditions. Our agents have vast experience in valuing properties accurately, and we use a range of tools and resources to determine a realistic sale price. By providing our clients with accurate valuations, we aim to help them sell their property for the best possible price in a timely manner.

Furthermore, we offer a range of additional services, including mortgage advice, conveyancing, and removals, to make your move as seamless as possible. Our goal is to help you achieve your property goals with the least amount of hassle, while ensuring that you get the best possible price for your property.

In summary, the current housing market conditions in the SO31 and PO14 postcodes make it an opportune time for buyers to enter the market. For sellers, pricing, presentation, and marketing are critical factors to consider when selling your property. At Abshot Estates, our experienced agents can guide you through the process, providing a range of services to help you achieve your property goals.

10 tips to prepare your property in Alresford for viewings

Getting your property in Alresford ready for viewings is so important. You need to sell buyers not just on the space, but the idea of living there themselves. It’s important that potential buyers step into your home and feel connected with it as they will be more likely to make an offer. In fact, with a well-staged home you can improve the number of offers immensely, so don’t dally and instead get started with our 10 top tips to prepare your property for viewings:

1.    Declutter Your Space

Clutter is your enemy, so go through your home methodically and declutter from top to bottom, then pack up as much as you can. You want your rooms and storage space to feel spacious, your shelves to be balanced, drawers to open easily, and in general for viewers to get a sense of the space – not your belongings!

Tip: This is a great time to actually start packing. When you go through your clutter, pack away the items you love and want to keep, and then sell, donate, or get rid of the rest. We don’t often have a reason to declutter so aggressively, and this is the perfect opportunity to start, plus you’ll have half of your home packed up ready to move!

2.    Remove Personal Belongings

Some personal belongings can feel cosy. Photos of your family can help convey to buyers that this is a great family home, but don’t overdo it. Remove and pack up some of your personal belongings so that potential buyers can best imagine themselves in your home.

3.    Give Your Home a Deep Clean

Either use some elbow grease or hire a professional cleaning service to deep clean your property from floor to ceiling. When cleaning and sprucing up your home, it’s important to remember the exterior. Get professionals to powerwash dirt and grime off your property, bring in window cleaners, and repaint windows and doors if necessary.

4.    Improve the Light

Remove plants, furniture, and other bulky items away from your windows. Consider adding mirrors or painting your walls white so that the space feels bright and spacious. Natural light is such an important feature in any home, and you can make your property feel more naturally lit even if it isn’t.

5.    Improve Front and Rear Gardens

Be sure to weed, shape, and care for your front and rear gardens to improve the kerb appeal. Beautiful gardens are important to 1 in 5 buyers and add additional charm to a property that can be hard to resist. With a beautiful front garden, you can sell them your home before they even set foot inside

6.    Make Repairs

Consider getting a surveyor in to run a check over your property. You can use this report later on when showing off the house, especially if the report turned up nothing of note. If there are repairs to be done however, get them fixed before you put your property on the market.

7.    Refresh the Paint and Fix Wallpaper

If your paint looks worn, wallpaper is peeling from the wall, or there are other issues that affect the aesthetic – and certainly the structural integrity – of your home, you might want to consider repainting the whole property. If you prefer dark and dramatic walls this could work against you when selling your home. Consider painting them a light cream, white, or off-white colour instead. It could mean the difference between a sale and no sale!

8.    Consider Renting Furniture or Decorations

There are companies out there that will rent furniture or decorations to you for the purpose of house viewings. If your furniture is too big or bulky for the space, you might want to consider doing this, so that you showcase a furnished home that feels big, spacious, and flowing.

9.    Add Fresh Flowers

Fresh flowers, or alternatively baked goods, are a great trick to make the space feel fresh, luxurious, and smell great. Use them sparingly and do pay attention to how flowers smell next to each other, as you don’t want a clash of the senses. Wildbunch are a local favourite!

9.    Invest in a Homebuyer Survey

If you feel confident, you could even invest in a homebuyer survey yourself rather than potential buyers needing to do so. If repairs have been done, let your estate agent know so that the information can be passed onto viewers. They will then know your property is a sure thing, and there aren’t any hidden surprises lurking!

For expert advice on preparing your property in Alresford for viewings, contact me today on 01962 808264.