There are a variety of reasons for selling your home, perhaps you are upsizing to accommodate a new arrival, maybe you are downsizing to save some money, or you are simply moving overseas. Whatever the reason is for selling your home, it is important that you make use of the range of available tricks and tips to help you to increase the chances of a sale and to get the most value for your property.
The first place to start is to look at the current property market, is it a sellers market or a buyers market? Now if you are in a rush to sell then this may not be important information, but if there is no real rush and if property prices are in a slump, it won’t hurt to hold out for a while until the housing market recovers.
Fixing It Up
You don’t necessarily need to renovate your property to increase its value and appeal, but you do need to ensure that there are no glaring issues with the property before you list it on the market. Make sure that you get your plumbing and electrics checked out and carry out any other small jobs such as resealing windows or repainting walls to make sure the property looks its best. Failure to do this could lose you a potential sale or see value wiped off your property.
Real Estate Agent
You must ensure that you get the right real estate agent. This is not only someone who has a strong reputation and positive reviews, but will also charge a reasonable fee for their services ( usually around 1.2% of sale price). They should also be someone who is willing to go above and beyond to find you a motivated buyer and make sure you are kept in the loop every step of the way.
A conveyancing lawyer is also going to be an important part of this process and when selecting one you should weigh up their fees and the reviews which have been left by previous clients. An additional benefit if you can find it is a conveyancing lawyer who has a ‘no sale, no fee’ approach. Remember that on top of the cost of the lawyer’s fee you will also have to pay for title deeds, transfer of ownership, fees for the mortgage and money-laundering checks, with many of these often fitted into the quote from the conveyancing lawyer.
Getting the Right Price
The valuation of your property is massively important, too low and you’ll lose out, too high and nobody will be interested. A general rule of thumb is that if your property stays on the market for 60 days or more then it may not be priced correctly. The best course of action is to get at least 3 valuations completed, and then pick the median number as your actual valuation. There is nothing wrong with asking for more than the valuation, just be prepared to negotiate with any interested parties.
These are the 5 keys to selling your property, good luck in getting the most for your property and moving on to new pastures.