Have you decided to embark on the journey of selling your home? This is a big decision, so you want to make sure you do everything right. We’ve put together this checklist for selling your home to help you do just that.
1. Get educated
When it comes to selling your home, knowledge is power. So get ready to put some time into research and planning. It might be take work, but it’s worth it if it helps you get the best result from selling your home.
Conduct your own research, talk to friends and family who’ve sold their homes before you, and seek expert guidance. This leads to our next point…
2. Get good advice
Agents see properties bought and sold every day and are a valuable resource, so try to talk to as many as you can. Spend time getting to know them and asking the questions to figure out who has the best knowledge of your area, your type of property and where the market’s going. It’s also a good idea to look up past sales listings online to see their track record.
On top of this, get a valuation from your agent, or even bring in a certified property valuer. Get as much information as possible from them, like why they made the determination they did and how you can improve it.
3. Understand the market
You probably already know that sometimes the market goes up, and sometimes it goes down, but you might not know much about why and how to use this to your advantage. Spend some time watching the market to understand when prices increase, decrease or stabilise. A lot of different factors affect the market, like the time of year, the economy and changes to government policy.
4. Decide how you want to sell
There are two main ways to sell a private home in Australia. They each have pros and cons that you’ll need to weigh up against your situation and market conditions, with help from your agent.
The first is private sale, or private treaty, where the seller and buyer negotiate the terms of sale. The second is an auction, where interested parties compete to place the highest bid. While an auction might seem like it’s most likely to get you the best price, this isn’t always the case. You’ll need to discuss with your agent what’s right for you.
5. Plan for success
You can increase your chances of getting the most out of selling your home through careful planning. Dedicating time to planning a sale campaign can make the difference between a good campaign and a missed opportunity.
6. Decide if you need to make any improvements
Some improvements are worth investing in, but others aren’t. Consult with your agent to decide what’s worth it, go along to inspections to other homes and ask yourself how your house stacks up. Is there any work you can do that would make your home more competitive without spending too much? Be brutally honest with yourself about this.
7. Run your sale campaign!
Once you’ve taken the steps in this checklist, you’ll be in a good position to run the best sale campaign you can, to help you get the most out of selling your home. We wish you the best of luck!