Selling Tips

The preparation you put into getting your property ready for sale can be the difference between getting a standard price and a great price. The best part is, it’s not hard, time consuming or expensive. Whatever your motive for selling, the process can either be stress free or tense and disappointing. The good news is that you have the ability to choose. There are four factors that will influence the outcome of any sale.

A tidy home says “Welcome”. Your home should be kept neat and tidy during the period of inspections. It should not necessarily be a “show place” but appear a comfortable home in which to live. Fresh flowers or indoor plants always brighten up a home. While you’re cleaning, think about each room and what furniture really needs to be in it. Rooms look smaller when they are crowded. Clear out anything that’s not needed to create a feeling of spaciousness. Make sure that all minor repairs are completed. Sticking doors and windows, loose door knobs, faulty plumbing, or peeling paint may affect your sale. Let plenty of light into your home. Nothing improves atmosphere more than brightness. And on a dull day switch on some lights prior to arrival of prospective purchasers. A warm comfortable heated home on cold days adds a feeling of cosiness; on a hot day don’t forget to turn on any air conditioning or fans (or simply let the breeze flow through).

If you submit your property for Auction this means that prospective purchasers will bid against one another at a date and time suitable to you. You can set a reserve price, which is the minimum you will accept, and once bidding has passed that level you know you have a sale, as it will be unconditional and a predetermined deposit must be paid on the day. Sale by Private Treaty means that you set a price at which your property is to be marketed to the public through the marketing plan agreed to by you and the agent.

If you’re thinking about buying or selling property, there are now several online property valuation tools which provide estimates of property value. These valuations are based on data from public sources such as council records. It’s important to remember that online property valuations are only indicative of property value. They don’t factor in the condition of a property, if it has special features or if there are any variations to current market trends. These factors can significantly change the value of a property. You should only use online property valuations tools as a starting point for making decisions about buying or selling property. Talking to a qualified Real Estate Agent will provide you with better and more accurate information. Real Estate Agents determine property values by doing a comparative market analysis, which considers many more factors than online tools. You can also do any or all of the following to get more information about the value of a property:

  • Contact a professional Property Valuer for a formal valuation
  •  Contact a qualified professional to do a building inspection
  • Obtain a LIM from your local council