If the market is characterised as a buyer’s market, it may be harder to get the best price for your property or sell it as quickly as you like. But it doesn’t mean that it is impossible.
If investors need to sell during a buyer’s market, they can utilise some property investment strategies to help maximise returns and find a buyer within a reasonable time.
Firstly, investors should be sure to make the best first impression for buyers by presenting the property as attractively as possible. Sprucing up a home before selling is generally good practice, but it is even more important when market conditions aren’t in the seller’s favour. This includes features of good investment properties that are often forgotten about, such as the building’s exterior and outer areas.
It’s also important to ensure the property is well-marketed to get as much attention from buyers as possible.
Being flexible about closing costs is another way to make a property more appealing to buyers who may have other options in mind due to the oversupply of available stock.
If the investor wants to sell the property in a shorter time frame, it should be priced realistically. Furthermore, investors eager to sell the property quickly should be open to offers lower than the stated price.
Further Reading: Learn more about buy-to-let and how it works with our 2024 market insights!
