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How Can I Sell My House Quickly in East London

It’s not unusual to seek a fast sale when considering putting your house on the market. House prices in East London have doubled in the past decade.  

how can we sell our house quickly

Average house prices in HaveringTower Hamlets, and Hackney have increased in the last 12 months, despite average prices across London falling. Now could be an opportune time to sell your property in East London. 

Perhaps you’re relocating or need to sell your East London property before buying a new house you’ve set your sights on. 

If you are considering putting your house on the market, these tips may help you get ahead of the game, make your home more attractive and increase your chances of a quick sale. 

Tips for selling your house quickly in East London 

1. Choose The Best Time To Sell 

If you can choose when to sell your home, it is worth trying to time your sale to coincide with peak buyer demand. Traditionally, the best season to sell your house quickly is spring. Properties listed in spring tend to sell quicker than those listed in late autumn and winter. However, there is a surge in buyer activity in January and February. Listing in these months may mean you get ahead of other sellers waiting for the spring months. September can also be a decent time to list your property, as there is an increase in buyer activity once schools have started back, but this is often short-lived. 

Buying and selling at the same time?

Here are 10 things that could go wrong, and often do go wrong, and what, if anything, you can do to avoid them.

Buying and selling at the same time?

Here are 10 things that could go wrong, and often do go wrong, and what, if anything, you can do to avoid them.

One of the best tips to sell your home fast is to avoid going to market in August, especially if you are selling a family home. Most potential buyers will be away on holiday or too busy with children to house hunt. November and December have the fewest people searching for property, so they are best avoided if you want a quick sale. 

2. Agree On An Accurate House Sale Price 

If you want to find a buyer fast, your home must be valued correctly from the start. Research the sold prices of similar houses in your immediate area. This information is available online from the Land Registry, Zoopla and Rightmove. 

Invite at least three different estate agents to value your home. Combining these valuations and your research should help you set a realistic asking price. Watch out for agents who put too high a value on your home purely to win your business. Over-valuations are counter-productive since too high a value may mean your house won’t receive buyer interest in the first few weeks. At that point, you’ll have to reduce the price anyway, leaving you no better off. And talking of agents… 

3. Find A Good Estate Agent 

Finding the right estate agent in the first place is one of the best ways to sell your home quickly. Your choice will significantly impact how quickly you sell your house and the price you achieve. That’s because not all estate agents are the same; some will prove much more effective than others. 

When drawing up your shortlist, ask for recommendations and read customer feedback on review sites like TrustPilot and Feefo. Look at their current listings. Do these properties catch your eye? 

Want to feel prepared before you sell? Discover why is my house not selling and our tips for selling your house.

sell my home fast

When you are choosing an estate agent, ask the following questions: 

  • How much do they charge for sole-agency vs multi-agency, and what is their tie-in period? 
  • How quickly do they sell homes? What is their track record of achieving the asking price? How many properties have they sold within the past few months? 
  • What is the reasoning for their suggested asking price? 
  • How will your property be advertised? Will they, for instance, guarantee that it will appear on Rightmove and Zoopla? Where else will they be advertising in terms of offline marketing? 
  • Who will conduct the viewings for your house sale? 
  • How and when will they provide feedback on the viewings? 
  • Are they open at weekends, and will they do evening viewings? 
  • How long have they been established? 
  • Are they a member of a professional association such as ARLA Propertymark or the National Association of Estate Agents (NAEA)? 

Word of mouth is an excellent way to learn about an agent’s local reputation. Do your neighbours, friends or work colleagues have any recommendations, for instance? 

4. Prepare Your House For Sale 

Preparing your home for a quick sale is essential. Not only will this help your property sell faster, but good presentation could add thousands of pounds to the selling price. According to recent estimates, staging your home well can increase the final sale price by between 2% and 10%. 

5. Declutter Your Home 

When it comes to quick fixes that help sell your house fast, decluttering is top of the list. Your potential buyers need to see your property’s fantastic living space. Make this easy for them by eliminating all the excess stuff you have accumulated. Pay particular attention to the hallway, as it is the first part of your home buyers will see. Put away your once-a-year coats and any shoes stored near the door. 

Another reason for tidying away clutter is that your viewers need to see themselves living in your home – which isn’t easy if your nicknacks are lying around everywhere they look. 

Ensure your cupboards and storage spaces are tidy and not jam-packed with stuff. You want to give buyers the impression that there is plenty of storage. 

6. Fix And Clean Your Property 

Get your house ready to sell quickly by giving it a deep clean. Tackle the entire house, including walls, windows and carpets. Tidy the garden, cut the grass, weed the flower beds and clean the patio. 

how to sell your house fast east london

Tackle those DIY jobs you have been putting off, including replacing broken light bulbs, repairing paint chips, giving the front door, windowpanes or walls a fresh lick of paint, or dealing with creaking hinges, dripping taps or cracked tiles. 

7. Make Your Home Look And Smell Nice 

We don’t recommend sellers undertake lots of work on their property as they are unlikely to recoup the investment. You can check this with your agent, who will have a good idea of how much a new bathroom, for instance, would increase the value of your home. However, minor changes such as adding strategically placed lighting, fresh new curtains and cushions and plants and flowers are cheap and can make your home look attractive to buyers. 

Another tip when learning how to stage your house to sell quickly is to consider repainting the rooms in neutral shades. You may love your dark blue feature bedroom walls or striking feature wall in the sitting room, but that’s not to say your viewers will. It could put them off imagining themselves living there. 

Prospective buyers cite bad smells as one of the most off-putting issues. Remove any bad odours in your home, such as cigarette smoke, smelly pets or blocked drains. Before viewings, open the windows and light a scented candle or two. 

sell my house quickly

8. Address External Property Areas 

When presenting your home for a quick sale, it’s not just the inside that matters. Your home’s exterior is the first thing buyers will see, so ensure that your property has impressive kerb appeal. First impressions are everything, so if you want a quick house sale, don’t waste the opportunity to start viewings on a positive note. Tidy the front garden or drive, add plants and refresh the front door by repainting it in a bright, attractive shade. Hide any bins around the back of the house. 

Want to feel prepared before you sell? Explore how to sell your house online and how to find a buyer for my house.

9. Start The Conveyancing Early 

Conveyancing is the legal process to transfer the ownership of property titles from one person to another following a house sale. Appointing your solicitor early means they can get ahead with some administration, such as drawing up the draft contract. They can also advise you on selling your house regarding what paperwork you’ll need and getting it up to date. This will include any planning consents and certificates for structural building work. Other paperwork involves floor plans, building insurance policies and even utility bills. 

10. Leave Viewings To Your Estate Agent 

One of the best tips for selling your home is to leave viewings to your local estate agent. They are experts in presenting homes in their best possible light and highlighting the most saleable features. They’ve been in the profession long enough to know how viewers think. 

11. Be Mindful Of Property Chains 

Once you start receiving offers, prioritise chain-free buyers, cash offers or those with a short chain to minimise the potential for problems. Longer property chains mean you rely on more transactions running smoothly and on schedule, while a cash buyer means you won’t be affected by a chain. 

How should I Reassess My Strategy If My Home Isn’t Selling? 

Sometimes, properties don’t sell fast – perhaps the price isn’t right, or the property isn’t presented as well as it could be. The reason isn’t always apparent, but these tips and tricks can help you get your house sale back on track. 

  • Switch Estate Agents If The Sale Is Failing – Is your estate agent doing everything possible to achieve a quick house sale? If not, it could be time to switch. A high-street estate agent may be a better bet if you’re with an online estate agent but want more support and local knowledge than they can provide. 
  • Get A Multi-Agent Agreement – When you sign with multiple agents, they compete to find a buyer before the others. Multi-agent fees can be around 3% higher, but you may decide it’s worth it for a fast sale. But make sure you sign contracts that permit you to use multiple agents instead of offering exclusivity. 
  • Rethink Your Property Marketing – Does the property listing present your home well and describe it at its best? Is the photography as good as it could be? Speak to your agent if the marketing content doesn’t highlight your house to the best advantage. If you’re with an online estate agent who offers limited marketing services, try speaking to a traditional agent to see what they provide. It could be time to switch agents if your current agent can’t or won’t market your property effectively. 
  • Reduce Your Asking Price – Lowering your asking price is a classic technique to attract a quick house sale, drawing in buyers who don’t want to miss out on a good deal. Buyers who were priced out at the original selling price or property investors on a strict budget may seize the chance to buy your house. But this isn’t a decision to take lightly, and you need to be realistic about how much a fast sale is worth to you. Work with your estate agent to set a competitive price that you’re comfortable with. 

Should I Use A ‘Sell Your House Fast’ Company? 

In recent years, numerous ‘fast house buying’ companies have come onto the market, offering sellers a cash sum to buy your house within weeks without the stress of selling on the open market and they may also cover your legal fees. However, you will not achieve the full market price as these companies make money by offering to buy your house for a low price (typically 15% below the market rate). 

selling my house fast

Be warned; some house-buying companies are above board and operate effectively, but not all. Others use tactics such as reducing the price at the last minute, or the property buyer can introduce hidden fees that aren’t clear at the outset. Any home-buying company with a National Association of Property Buyers (NAPB) membership should follow a code of conduct. But there are no consequences if they don’t. Property Ombudsman (TPO) membership operates similarly, and the property buyers’ redress scheme is voluntary. 

As a result, they’re not always the best approach if you want to sell your house quickly and achieve market price. If you plan on using one of these companies to sell your house fast in London, read their paperwork thoroughly. 

If you are buying a new build property at the same time of selling, you might be able to agree a guaranteed sale of your property with the developer. This is a more stress free approach, but you might not receive the asking price you would achieve on the open market. 

How To Sell Your House Fast FAQs 

How long does it typically take to sell a house in East London? 

The length of time it takes to sell a house in East London is around 8 to 12 weeks, but it can vary depending on the demand in the area for the property type, the time of year and whether any issues come in the home survey. It can take longer to sell during holiday periods but the market tends to speed up again after the holidays. 

What common mistakes prevent houses from selling quickly in East London? 

Common mistakes that slow down sales include: 
– Unrealistic pricing 
– Choosing inefficient estate agents or conveyancers  
– Poor marketing strategy (minimum exposure or poor photos, for example) 
– Not preparing the property for viewings 
– Not completing minor repair work 
– Failing to have the required documents ready e.g. EPC and leasehold information

Should I price my house higher than the valuation to leave room for negotiation when selling? 

While overpricing the property may help achieve a higher price, this is typically only likely to happen in a hot selling property market. An experienced estate agent should be able to guide you on whether pricing the property higher is a good idea. Overpricing will mean less interested buyers and there is a risk that the property will go ‘stale’ if left on the market for too long. 

How much should I expect to pay in estate agent fees when selling a property in East London? 

Estate agent fees vary between around 1% and 3% of the sale price, plus VAT. Some agents offer a fixed fee rather than a percentage, so this is an important question to ask an estate agent before you put your house on the market with them. Also consider that a good quality agent may help you to achieve a higher price for your property and drive a faster sale, which may be more of a priority than saving a few hundred pounds in fees. 

What questions should I ask estate agents before choosing one to sell my house? 

These are some important questions to ask an estate agent to determine whether they are the best option for selling your home: 
– Which marketing strategies will you use to sell my house? 
– What is your pricing structure? 
– Have you sold similar properties to mine in the area? 
– How did you arrive at the valuation you have provided? 
– Will you conduct the viewings for my property? 
– Do you belong to a redress scheme? 
– How will you keep me updated with progress and viewings feedback? 

Know How To Sell Your Home Fast? 

Sandra Davidson was established over 25 years ago, and we are renowned as local property experts in East London, covering areas such as DartfordForest Gate and Seven Kings. We have helped thousands of homeowners to sell their homes for their maximum value in the shortest time possible. Contact us for a free valuation of your property, and we’ll discuss how to sell your house quickly for the best possible price. 

Azeem S.

I began as a junior apprentice in a corporate estate agents in 2006 have been working in the property sector since, so over 14 years of experience. I have worked in a range of industries from Property sales and lettings, to construction, development, commercial sales and lets as well as facilities management and maintenance. I have a degree in Economics, enjoy keeping fit and healthy, support Man Utd and have a young family.

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