When thinking about selling a house, in particular in the current economic climate, the most vital aspect is always the asking price. This might seem obvious, but it’s astonishing how many vendors are presently burying their heads in the sand and sticking to a price which might have been reasonable a year and a half ago, but which is now welland truly overvalued. Anyone who is serious about a house sale, never mind a Quick Property Sale must accept that the value of their house is currently about a quarter less than it was at the top of the market in mid 2007.

So setting the right price is fundamental. Purchasers are now coming back to the market in adequate numbers to ensure sales are going through, but no buyer will pay a 2007 price for a house bought in 2009. If you want to Sell Property Fast you have to be aware of that.

Some rules of thumb in estimating what you could expect to achieve:

1. Are there any similar (or preferably identical) homes nearby which are currently for sale? If so at what price? These are your competition and to ensure yours sells before theirs you will need to undercut their price. You must have an aggressive “Sell House Fast” strategy

2. Have there been any recent sales of identical or similar homes to yours. Actual sale prices are a great help, they tell you what people are really willing to pay. The sales are all recorded by the land registry as a matter of public record, they can best be accessed via the Rightmove website, by clicking the “house prices” tag on the top menu then typing in the postcode.

3. You can update actual sale prices made some while ago using these simple rules: property is presently worth about 25% less than in mid 2007 and prices are about the same as they were in mid 2004.

4. If you would like a more accurate guide from historical sold prices then go to the Nationwide Bank website. They provide a value calculator where you can input the price achieved and the date achieved, the calculator automatically calculates the present day value.

5. If you can remember the price you paid for your house then it can again be useful to put the valuation and date into the Nationwide calculator and again it will calculate a forecast present day value.

6. Do not be tempted to over value your house because you have spent money on it. Prepare your house well, and be sensible about the price, and you certainly can achieve a Quick House Sale even in the current downturn. In particular, bear in mind that new kitchens and bathrooms do not add to overall value. This is because most potential buyers expect that these items will have been kept up to date and renewed from time to time during your ownership.