The Price is Right!

Clare Phillips
24 February 2023
Buying | Estate Agency | Selling

Put your Leicestershire home on the market at the right price

Now more than ever it is imperative to put your house on the market at the right price, with the housing market in Leicestershire cooling down significantly after the boom of the pandemic.

Beware of big promises

Clare Phillips, Partner at Phillips George brings a note of caution to help Leicester sellers get the best for their homes, ensuring interest in your property does not dry up: “We all have to adjust to the new housing market situation, and it would be disingenuous of us as your estate agent to try to win your business by inflating the value of your home.”

“Estate Agents can decide to exaggerate the value of your home for two reasons, sometimes to cynically win your business by making big promises, but also through not understanding the local market when they do not have the years of experience needed to know the market in times of growth and in our more challenging times.”

Getting the balance right

Don’t let your estate agent pitch the price of your property too high, but look to create an atmosphere of interest in your property. If your property is good value, buyers will show interest, if it is too high, there will be little interest. This can end in a cycle of cost and doubt, buyers asking why the house has not been bought, finally concluding that there must be something wrong with the property.

Clare continues; “With poor advice, your property can end up being left on the shelf and subject to buyer resistance. It does not matter how good your property is, and what a great home it would make, once time and doubt are cast upon it, it loses traction in the market.”

Make sure your Estate Agent knows the Leicester housing market in boom times and bust, so you get the best advice. Phillips George have the years of service and experience needed to negotiate this difficult market and our record as the best performing Leicestershire estate agent should reassure our clients that their sale is in the best of hands.

Sell your property with Leicestershire’s own estate agency

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Clare Phillips
Clare Phillips, Partner
Clare has been in the industry since 1998. Her career started as an administrator and she has worked through each role in estate agency from negotiator, sales progressor, valuer, manager and culminating in opening Phillips George as a co-founding partner. Through Clare’s career she has obtained professional qualifications with both NAEA (national association of estate agents) and ARLA (association of residential letting agents) to ensure that she delivers a first class service to all of her clients. Clare’s favourite part of estate agency and lettings is helping customers achieve their goals and making the process as smooth as possible for them.