When to use Yellow Apricot - doing up your property for sale |
YELLOW APRICOT HELPING SELL A PROPERTY WITHOUT SPENDING THOUSANDS DOING IT UP FOR SALE
Wherever you look or whatever you read, you are constantly told that the way to get the best price for your property is to pay out money to get it into a condition suitable for sale and then to de-clutter and de-personalise it.
Experts advise you to pay out 1% of the property's value as a guide in order to get the best price for it. Usually this can mean forking out thousands, not to mention storage and all the other hassle. And people are usually working as well, so where will all the time to do everything come from? This can usually put you off selling your property altogether.
Selling a property is a business decision. After spending thousands on doing a property up, only to get probably a few thousand more for it a few months later (if you are lucky and don't get gazumped by the buyer) doesn't seem to be good business sense, especially as some of the increase in the price may be attributable to increases in property values generally anyway.
Selling through Yellow Apricot Auctions and still getting the market value for your property seems to be a better business decision.
Example:
Miss Nitrogen is a nurse who bought her council flat for £54000 10 years ago. She took out an interest only mortgage on it for £50000. Her local Estate Agent has visited the flat and says that it is worth £275000 in its current state. If she were to spend some £3000 on it updating the kitchen and bathroom, after general redecoration and rewiring, the flat may be able to sell for up to £285000-£290000.
She decides to sell her flat through Yellow Apricot without spending a penny on it. The flat is sold for £278000 with completion 28 days later.
Had she spent £3000 on updating the flat, the Estate Agent would have marketed it at £290000 but the chances are that she would not have received an asking price offer for it. If she accepted an offer of say £285000 after 6 weeks, after the flat would have sold it would have been another 2 months. All the time she would have had to risk the buyer pulling out or trying to get another price reduction, yet her only gain over selling at Yellow Apricot Auctions would have been £4000{(285000-3000) - 278000}.
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