So you have decided to sell your house. Obviously, you have put a great deal of thought into this decision. Possibly you have a job to move to or the home you currently have is no longer big enough for you and your growing family. Maybe you are downsizing or exploring a new investment strategy that revolves around a new home in a different and growing market.
Regardless of why you have chosen to sell your home, there are a number of steps you must follow in order to make the transition as smooth as possible.
Here are five tips to help you along your way:
1. Add Curb Appeal
One of the biggest factors that will have a direct effect on your property valuation is the condition of the home and yard. This means the paint job or light-duty repairs to the fence or footpath that have been put off for some other time must be taken care of now. If you have already been working with a buyers agent, they can advise you on how to benefit most with the preparation phase of your property.
2. Determine The Price
A professional property appraisal will give you a good idea of what your property is worth. Factors including location, size of home and yard, condition, and proximity to amenities will all have an impact on the selling price. Then there are the local market conditions such as where you live, demand for the schools, amenities, or proximity to jobs and lifestyle factors too. All these will be a consideration along with recent sales to comparable properties in your postcode and suburb. All of these details will provide a framework for pricing.
Receiving a professional non-biased real estate appraisal from a buyers agent is important since unscrupulous real estate agents may give higher appraisals just to get your business. This can lead to false expectations and longer time frames when selling. This is when using the services of a buyers agent can be of most benefit, as they can tell you what your property is really worth.
3. You Will Need Agents
Following the real estate appraisal, you will need to have two different agents working for you. One will be for selling your property – the real estate agent – and one will be for locating your new property – the buyer’s agent. Both play very different roles in the entire process and as such you will need to keep in mind they are to be working for you and your best interests.
Although at Mayfield Property Buyers we primarily assist in the buying process, we can put you in contact with the best Real Estate Agents to get you the best price, and will work with them throughout the entire process.
4. Listing And Marketing
Once your property is listed on the market you may want to have an active role in the marketing of it. This means participating in online and offline advertising strategies. The point of marketing is to get the word out that your property is now available to purchase. The more people reached through marketing translates to the more potential buyers finding out that your home is up for sale.
You want to ensure that your property is listed in the best locations to have the best chance of selling. You also want to make sure that the listing’s title, images, and description show off and describe the property’s best features and benefits. It’s important to make the best impression on prospective buyers.
At the same time as you are selling your home, the buyer’s agent can be looking for the best home that meets your criteria, and discussing options with your real estate agent, minimising the hassle for you with multiple sales, and ensuring that settlement period between the 2 properties is minimal.
5. The Sale And Beyond
The most exciting part about selling a house is the actual sale. Once an offer has been accepted, the contracts are drawn up and a settlement date is selected. The buyer’s agent can help you through the whole process as they can deal with agents, solicitors, and conveyancers.
When settlement day arrives you will vacate the property for the final time and hand over keys. You will hopefully be moving directly into a new home secured by a buyers advocate.
Call Us Today For Assistance
The professionals at Mayfield Property Buyers will work with you to locate a new home while you are in the process of selling a house. Our goal is to find you the best property at the best price possible and in doing all the work for you, you can concentrate on the sale of your current home.
Contact us today to find out how we can help during the sale of your property.