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Finding Space Still Crucial For Buyers In 2020

January 25th 2020
By: Thomas Morris
Finding Space Still Crucial For Buyers In 2020

If you plan on selling your home in 2020, you must know what buyers are looking for. At Thomas Morris, we are happy to help with this. We have assisted many St Ives vendors in selling their home, and a large part of our role is connecting vendors with the most appropriate local buyers.

Our local knowledge is a crucial factor in selling homes, but we also take notice of national research. It is essential to understand what is happening in the UK property market. A recent study carried out by Market Financial Solutions looked at the most critical factors UK homebuyers consider when planning a purchase. The survey spoke to more than 1,000 homeowners.

Make sure you know what buyers are looking for in a home

The findings will not come as a surprise to anyone who follows the property market, but it is good to have these factors confirmed. This information allows vendors to make informed decisions regarding their home when taking it to market.

The most important factor for homebuyers, according to this study, is the size of the property. 90% of respondents said the size of the property was “important” or “very important”. Therefore, when you sell your home, you need to do what you can to increase the space and sense of space. You may not have the time or money to carry out extension work at your home, but if you can make the home feel more prominent and more spacious, you will go a long way to impressing potential buyers.

The other features which were listed in the Top 5 factors considered by homeowners were:

  • Outdoor space
  • The finish of the property
  • The distance to the nearest town
  • The availability of garage or off-street parking

Vendors must influence what you can when selling your home

There are some issues that homeowners cannot do much to influence. No matter how hard you try, you cannot physically move your home closer to a nearby town or city. However, there are aspects you can influence, and these are the areas we support you.

In a competitive marketplace, it is vital to make changes with the most likely buyer in mind. Our local knowledge is the platform which helps you connect with these buyers, and we look forward to helping you sell your home in 2020.

 “At Thomas Morris, we know the size of property is crucial for buyers, but there are many factors to consider; so don’t worry if your home isn’t the largest”, said Thomas Morris St Ives Branch Manager Katy Poore. “We are pleased to say we have helped many local vendors connect with buyers, and we will ensure your home is presented in the most effective manner.”

Selling your home is stressful, but with the right support, you can make the process easier. Book a valuation at a time that is suitable to you or alternatively, you can phone our St Ives branch, managed by Katy Poore by calling us on 01480 468066.