5 Things to Know Before Selling Your Home
Putting your home on the market can bring up any number of issues you wouldn’t even have considered before, no matter the state of the market. Be sure to do your research well ahead of time to make sure you get the best value for your property.
To get you started on your preparation, here are 5 top tips on how to sell your home:
Timing is key
Timing the housing market to the moment when interest rates are low and buyer demand is high may seem like a good idea but if we all had the ability to see precisely when home values are highest, we’d all be millionaires! Instead of focusing solely on market conditions (although they are still very important factors to take note of), keep in mind that the decision to buy or sell a home is an entirely individual one.
To help you decide when to sell, find out recent sale prices of similar homes in your area and consult real estate agents about current market conditions to estimate a listing price and how long it may take for your home to sell.
Determine the value of your home
Before you make a value assessment of your home, walk through your home as a buyer seeing it for the first time might. So yes, you know what you paid for the house, but that doesn’t mean that it’s still worth that amount or that it has increased in value since you bought it. Your house is only worth what the market is willing to pay for, so look at what similar properties in the area is selling for.
Choose an agent or go it alone?
There’s a lot of money at stake, so decide carefully whether you want to work with a realtor or not.
Sure, going without a real estate agent may save you some cash in the short term, but a realtor will be aware of what’s selling around you and at what price, while being able to negotiate smartly. Moreover, the work involved is much more than just sticking a ‘for sale’ out on the lawn, and for some the work involved it’s not worth the savings.
Get your house ready for inspection
The key is to de-personalise, de-clutter and get organised. You want to create an environment that buyers can envision themselves in. Remove any personal items and get rid of excess furniture to make living areas feel more spacious. Organize closets and kitchen cabinets and get rid of any clutter so that everything is in its place and your home looks clean and tidy.
Be sure to fix anything that needs fixing and ensure that your home is show-worthy ahead of time, as you won’t have time for it once your home is listed, and a polished garden or fresh coat of paint can make or break a great sale.
Do your research
Regardless of whether you are working with a realtor or selling your property yourself, make sure to do your research. Be aware of all the legal and financial details involved to make sure that you end up with the best sale outcome. If you do decide to go it alone, make sure you are also well aware of the finer points of closing a legally sound contract, or better yet get some professional assistance to deal with the legal procedures.
Your Address Real Estate is a real estate agency in Browns Plains (Queensland, Australia). They offer service to clients in all aspects of residential and acreage sales and property management.