The New Year is here and Spring is just around the corner (hopefully?!). Spring is often the best time to look at selling property whether it is bare land, a development opportunity or a residential property as it often looks its best due to the improving weather and the budding fauna and flora. So if you are considering selling some of your property this year, what should you do to bring it to the market and ensure that you get the best price for it?
At Carver Knowles we look at a variety of things in order to ensure that the best price can be achieved for the property and that once an offer has been accepted, the sale goes smoothly through to exchange and completion. A list of some of issues that we consider before launching a property onto the market is given below:
- Looking at ways in which value can be added to the property prior to the marketing eg. the gaining of planning consent / addressing planning conditions
- Confirming of the boundaries, Land Registry registration and any restrictions or 3rd party rights in place on the property to be sold.
- Verifying access provisions and maintenance liabilities if crossing retained land.
- Agreeing how services (eg. water and electric) can be connected to the property if necessary.
- Advising on Basic Payment Scheme and Agri Environment scheme transfers and growing crop valuations.
- Establishing the best method of sale eg. Private Treaty, Private Sale or Informal Tender
- Determining what Guide Price to set.
- Deciding the best marketing strategy and most suitable advertising publications.
2016 saw Carver Knowles sell a variety of types of property throughout Gloucestershire, Worcestershire and Herefordshire all of which needed attention to one or more of the issues listed above. All the properties attracted a great deal of interest and generally sold well in excess of their guide prices.
Class Q Permitted Development application made in advance of sale
Additional land added to maximise sale price
Land at Willersey Road, Badsey – Sold in Excess of Guide of £80,000 (Private Treaty)
Land subject to an existing overage provision
Grade 2 Listed property sold in two lots
Rights retained for water supply to retained land
Agricultural Occupancy Condition removed prior to sale.
Additional land sold with overage clause for future development
Farm crossed by electricity lines, water pipes and house subject to agricultural tie
If you are looking to sell your property this year please call Mike Cluley for the best advice on how to ensure you maximise the value of your asset and minimise as many potential “after sale”issues as possible. Getting everything in order prior to marketing and setting a realistic Guide Price are the best ways to ensure a smooth sale process.
We look forward to hearing from you in 2017!