As latest figures from the Halifax revealed that house price rises in the UK slowed to the end of May – increasing by only 1.9%, one Derbyshire firm has partnered with estate agents to buck the trend.
The Halifax, part of Lloyds Banking Group, said that the change reflected “a relatively subdued” housing market – a trend that has been felt by Lemon and Lime Interiors, a professional property presentation company based in Melbourne, Derbyshire.
Elaine Penhaul, Director at the firm said: “The market is uncertain at the moment, but there are always people that need to sell properties and get the most bang for their buck.
“We are getting more and more agents contacting us to help them sell existing stock which has turned stale, and we are getting more and more calls directly from homeowners who have been introduced to the benefits of professional property dressing, as a means of selling a property.
“Vendors in the 500K plus price bracket are going potty for the specialist service known as professional property dressing, and are seeking a specialist service to present the rooms properly, declutter their homes and add any finishing touches to maximise the space and highlight the property’s best features. The aim of all of this is to sell the fabulous lifestyle the property can offer to prospective buyers and to appear worthy of the high end price tag.”
Elaine added: “Many vendors can’t afford to drop the asking price of their property, but want a quick sale – leaving them with a difficult decision to make- either to drop the price or wait for a sale, which may not happen. Now there is a third option.”
The need to sell is often because the property comes from a deceased estate, where beneficiaries want to maximise a value. Often these houses, that have been in families for generations, are rundown, cluttered and can look quite sad. They don’t appear to offer an attractive lifestyle option to the younger families who are keen on the increased space these homes often have.
“Families tend to have a clear out and declutter but then don’t know what else to do.” added Elaine.
Many houses in this price bracket sit on the market for 6-12 months and at that point sellers are advised to drop the price.
The latest figures from property portal Zoopla reveal that 32% of properties on the market at the moment have been marked down – further strengthening the argument that sellers should be looking at alternative ways to achieve their desired asking price.
Elaine Continued: “Solicitors and estate agents have an obligation to their clients to help them achieve the maximum price possible, and we would really like to see more of them recommending professional property services such as ours to clients as the third option to selling their property quickly and for the top price.”
Written by Tess Egginton, featured on East Midlands Business Link.