Category Archives: Selling Property

The Quickest Way To Add Value To Your Property Revealed

It’s a question that gets asked many times. “How can I add the most value to my property with the least amount of effort?”

Add an extension? Refit the Kitchen? Convert the attic, or perhaps landscape the garden?

All of the above are of course are very good ways to add value to your property. However they all take a lot of time and planning and require an up-front significant expenditure or outlay. Today I am going to reveal a way to instantly add value to your home without spending a penny or lifting a finger.

“Impossible!” I hear you retort. But it’s not impossible. In fact it’s very easy and very simple.

It’s a statisitical fact that when you put your property on sale, the more hits your property gets online, the more people will call the agent up and request a viewing. And it’s basic economics that the more buyers that come and view your property the higher the demand and the higher the selling price. So when you come to sell you need an agent that will get you the most online hits and the most viewing requests.

According to rightmove statistics Elizabeth Davenport are regularly top of the tree for hits on our properties. Our properties consistently get the highest “click-through rate”. This translates into a higher number of viewings for each property and therefore a higher selling price. In fact many of our properties sell for the full asking price because they are in such high demand.

So to add instant value to your property, give us a call today and request your free valuation.

LIFT-OFF 2014!!

The New Year has already been a record breaking one and 2014 is set to be a very healthy year for the property market in Coventry and the surrounding areas.Property Market Lift-Off

We are seeing lots of new properties come to market and have buyers queueing up for them in their droves. One new property that came to market in the last week at our branch had an offer of the full asking price within 24 hours. This was before the buyers had even visited the property!

The much increased availability of finance is the driving factor with much smaller deposits now required from many of the big lenders. This means that first time buyers have returned to the market place in large numbers and it’s these guys that prop up the housing market.

So if you’re considering making the move this year, call our office on 02476 010105 and arrange for a free, no obligation valuation and appraisal of your home. According to Rightmove statistics we are the fastest selling agent in the Coventry area so pick up the phone today and get moving.

…..3………..2………..1………..LIFT-OFF!!

Smoking Guns & Listening To Only What You Want To Hear!

Again our speed of sale has put us in the number 1 spot in Coventry with a current average of just 7 weeks from promotion to sale!

After agreeing a sale on a large four bedroom Semi Detached house on Baginton Road, the owner, already very happy with the volume of offers received, was understandably delighted. This led me to value another property on Baginton Road and in doing so my research drew me to review asking prices and actual sale prices in  the surrounding areas as well.

Armorial Road, where a recent sale of ours became one of the highest sold on the road in many years provided the Smoking Gun I needed. Since 2010 there have been 8 sales on the road with a mean average price of almost £375,000. In the same period the mean average asking price has been £420,000. At present there are properties for sale for £475,000 and £465,000. Not since October 2006 has a house sold on the road for over £450,000 and in the last three years sales have ranged between £280,000 and £440,000. The property we sold had been on the market with other agents for over 6 months at an asking price that was nowhere near correct. It was poorly marketed and overpriced. That is why it didn’t sell. The asking price was simply too high.

As purchasers you have the same access to property records on www.landregistry.gov.uk , www.rightmove.co.uk and www.nethouseprices.com as we do. Possibly more importantly, so do mortgage lenders! So when an agents wow’s you with a price that is above your expectations do a little research yourself too. You’d be amazed how may agents have a punt figure just to make you say yes. You’d also be amazed how many agents can earn commission’s without even selling your house and just listing them. It’s a bad trait and one that gives the industry a poor reputation. It will also lead to your house sitting on the market without interest whilst others may sell around you. Our website www.elizabethdavenport.co.uk carries google + reviews and www.allagents.co.uk also features really positive feedback form our venders and purchasers. We’d be delighted if you have the time to read a few!

Sharp As Knives.

Monday night’s “Dispatches” program on Channel 4 revealed some real problems in the Estate Agency industry, especially in regard to corporate and large chains of Estate Agents.

Sharp practices were revealed in the program with illegal methods of mortgage selling and many instances of not acting in the clients best interest. For thoses that didn’t see the documentary here are some of the problems that were uncovered:

Only allowing buyers to view a property if they bought a mortgage through the same Estate Agent. (this is illegal)

Only considering offers from buyers who took a mortgage product at the same time. (this is illegal)

Advising buyers to take out a buy-to-let mortgage when they intended to live in the property (this is illegal)

These practices occurred in environments where agents were pressurised by the company they worked for to achieve high sales targets and where commission based wages were in place. This is the typical set-up at corporate and large chain Estate Agencies.

So how as a seller or buyer do you avoid these pitfalls? By using a small independent Estate Agent that always acts in the clients’ best interests and where selling ancillary products is not a priority. At Elizabeth Davenport, our priority is to our client and our goal is to sell all of our properties for the maximum price possible. This can only be achieved by making the properties available to the widest audience possible (REMEMBER: the higher the demand, the higher the price.)

So don’t get caught out. If you want the best sales service or the best buying experience then give us a call today.

 

When Size Does Count!

“When you want to sell the most valuable and emotional possession you own, you want the sale to be handled by professionals that you both trust and rely on. Every business has a “capacity” before it’s standards are compromised. Every business whether it sells children’s clothes, sandwiches or motor cars will reach a point where the standards to which they originally aspired,  (and hopefully attained!) will be compromised. Unless the stock they have is sold or they employ more staff to facilitate the sale and management of it the employee’s cannot manage the portfolio of property they have promised to sell. At Elizabeth Davenport our sales statistics (please contact the office for the finer details!) show that 84% of our stock sells within 7 weeks with just over 50% sold within 4. This means our “stock” of property is a manageable one. It means we do not have property sitting redundant on the “shelf”.  It means that we are always aware of what property we have for sale, at what price it is marketed and we have the knowledge of which potential buyers we have waiting. The ability to sell and market the property successfully is only possible if you have the correct volume of staff and facilities to do so. Is an agent with 200 properties for sale and 4  full time office staff  more efficient than one with 30 for sale and 3 full time staff? This is where Size Does Count! Possibly not though in the way you might of thought it did!”    By Mark Walmsley.

Relegated To The Bottom Of The Pile

Nowadays, most Estate Agents have “Premier”, “Fine”, “Premium” or “Prestige” versions of their products for their best customers and their best properties.

This immediately begs the question – where does this leave the bulk of their “normal” paying customers. Because where premier assumes the very best, the opposite by default must be worst or poorest. So if you market your property with an agent and don’t qualify for their “Premier” version then by default you and your property have been ranked as second rate.

If your property doesn’t qualify for the “Fine & Happy” or the “Premier & Dandy” treatment then perhaps the implication is that it belongs to the  “Dull & Dreary”, the “Cheap & Shoddy” or perhaps the “Coarse and Cr**py” collection??

At Elizabeth Davenport all of our customers and all of our properties are in the Premier Division. We don’t believe that any of our clients deserve a second rate service and all of our properties are marketed to their full potential. This means they all get the best photography, the best quality brochures, floorplans and marketing that they deserve. This means that not only do all of our clients receive a gold service but it also means that their properties sell quicker and for more money.

So does your property deserve the Elizabeth Davenport experience or is it in the second division? The answer I can assure you is yes, you deserve the ED experience. Because no property deserves to be in the second division.

Only Two Weeks Left!

There’s only two weeks left of our amazing £100 cash offer. We’ ve been overwhelmed by your response so far! Lots of homeowners have been clever enough to take up this great deal by switching estate agent to Elizabeth Davenport.

In case you’ve been visiting Mars for the last few weeks the offer is this: you switch agent and we give you £100 cash up front. Yes, that’s one hundred pounds straight into your pocket.

And the best part of the deal is, we guarantee to sell your property. So that means at the end of the 12 week agency period if we haven’t found you a buyer you can simply walk away with your £100. Its’ the least we can do.

Call our office today on 02476 010105 and arrange for your free appraisal with absolutely no obligation. Our experienced valuer will visit your property and give you honest, professional advice on where your sale is currently going wrong and explain what we can do to help. If you’re happy to go ahead then we give you £100 cash up front and then we  market your property on a sole agency basis for 12 weeks.

But rest assured, we’re confident we’ll arrange a sale long before the end of the 12 weeks. Our average sale time is 7 weeks but over half of the properties we sell go in less than 4 weeks. So don’t miss out and pick up the phone today!

Fending Off The Cowboys

A question we get asked again and again is “What’s so different about Elizabeth Davenport Estate Agents?”

The simple answer is “Excellent Customer Service”. Our clients are the most important people in our business and so we treat them accordingly.

Only last week a prospective customer called me and asked “I don’t see why you will be any different to the rest?” She went on to explain that her property has been on sale for over 6 months with three different estate agents and she was at her wits end. The words she used to describe the other agents included “cowboys” and “insulting”. And these were well established, local, well known independent estate agents she had dealt with. What on earth had they been up to, to create such mistrust and animosity amongst their own clients?

The answer of course is “They Provided Poor Customer Service”. The lady in question had been given poor initial advice and then passed from pillar to post when her property couldn’t be sold. Ultimately she was let down and ignored. (If she is reading this article then I invite her to call our office back as we can definitely help).

In the three and a half years since our Coventry office opened a grand total of just 4 (yes that’s four!) former clients of ours have taken their business elsewhere and not a single one of them had a bad word to say about us. Even though we ultimately didn’t manage to sell those four properties, we still provided a satisfying customer experience and the clients all appreciated that.

So if you want a premium service then call us today on 02476 010105. If on the other hand you prefer “The Dukes of Hazard” then please turn the page…………….

Sell Your House For £100 Cash!

Switch estate agent before the end of July and market your property with Elizabeth Davenport. Then we pay you £100. Yes, that’s not a mis-print, we pay you £100!

“But what’s the catch?” Of course there’s a catch. You will have to sign a 12 week sole agency contract and we will have to try really hard to sell your property. After all, having given you money for nothing we will be highly motivated to find you a buyer.

“What’s the risk?” The risk for you is that your property will be sold in the process! The risk for us is that we might lose £100 cash. But we’re so confident that we can sell your property, it’s a risk that we’re prepared to take.

“I’m still not sure. What do I have to lose?” £100 cash. Call 02476 010105 and take up this no-lose offer.

Offer Expires 31/07/13. See our website for full Ts & Cs.

 

 

Good Presentation – It’s Common Sense

Buyers in the current market are particularly fussy so right now it’s more important than ever to get the presentation right when selling your property.

That means the whole property including the exterior, interior and gardens (if any).

Excess furniture and clutter should be packed away and put into storage, childrens’ toys cleared away, any peeling paintwork should be touched up. In bathrooms it’s essential to replace mouldy sealant and revive any dirty grouting. Kitchens need to be ultra-clean and free from grease and grime. Broken cupboard doors must be fixed and dirty carpets should be cleaned or replaced. Bad smells (from dogs or other pets) must be eradicated, they’re a real turn-off for buyers.

Lawns should be cut, hedges trimmed, borders weeded. A few nice potted plants and hanging baskets will really freshen things up. The driveway or front path should be freshly swept and a new front doormat saying “Welcome” will create an inviting first impression.

And if you simply don’t have time to do all of this then you should pay someone to do it for you. It will be well worth the investment. A clean and well presented property will always sell before a similar property that’s messy and untidy. Put quite simply, a better presented property is worth more money.